President Mutharika was speaking during an audience with the Executive Director of UNFPA Babatunde Osotimehin in Johannesburg , South Africa.
Professor Mutharika said that his government had already started supporting young people through the introduction of the community technical colleges which were expected to cover all districts in the country.
He said Malawi was ready to work with partners such as UNFA to increase the capacity of young people.
In his remarks, Babatunde Osotimehin said investing in skills for young people was the best way to grow a country's economy.
He said he was impressed with how Malawi had already started on this path. Osotimehin said UNFPA would work with Malawi on a new programme to promote education, health and create jobs for young people in Malawi.
He said the initiative which has already been introduced in other African Countries had the potential to generate up to 500 billion US dollars for Africa annually for 30 years.
Osotimehin said this could work in Malawi since President Mutharika was a Global Ambassador for the Youth.
While in South Africa President Mutharika also held discussions with the Commonwealth Secretary General Karmalesh Sharma.
During the meeting Sharma briefed President Mutharika on new reform initiatives the Commonwealth had adopted as it prepared for its next Heads of Government meeting slated for November this year.
The President also met the Executive Director of One Africa, Dr Sipho Moyo who briefed him on her organisation’s campaign on Education for adolescent girls.
The AU Summit, which was taking place in South Africa, has ended.