Malawi To Follow Up All Interested Investors Promises

Cliff Chilunda

The Malawi government has put in place measures to follow up investment interests to be made by all potential investors in the upcoming Malawi Investment Forum 2015.

This comes as the country is expected on 29 to 30th June this year to host the first ever Malawi Investment Forum 2015 to be participated by over 300 delegates of whom 100 are foreign while as 150 are local companies.

According to the Principle Secretary for the Ministry of Industry and Trade, Cliff Chilunda says all the preparations for the event are done and Malawi is ready to show case 7 key opportunity priority areas in the seven sectors.

The Principle Secretary (PS) for Industry and Trade Cliff Chilunda held a news conference in Lilongwe a companied by chief executive officer for Malawi Investment Trade Centre (MITC), Clement Kumbemba to confirm the readiness of Malawi and give highlights for the upcoming event.

Clement Kumbemba

The Industry and Trade PS assured the nation that government has several ways of tracking all the investments promises to be made by the businesses interested to come to invest in Malawi

MITC Chief Executive Officer Clement Kumbemba concurred with the PS saying each and every participant will be followed up using several channels and that some reports on the same will be made available to several government levels and committees of parliament.

Malawi is hosting the Malawi Investment Forum in order to show case investment opportunities to the global community in order to attract companies that can establish their businesses in the country and contribute towards economic growth and wealth creation.

According to the Industry and Trade PS, Malawi will for the two day conference, show case seven opportunity areas in the seven sectors of Mining, Agriculture and Agro-processing, Energy, manufacturing, Infrastructure, Tourism and Financial Services.

Chiunda said the MITC expects to generate prospective investment of up to US $16 billion which is K7.2 trillion.

He also confirmed that most delegates and companies have confirmed to attend the conference adding that this underscore the importance of the forum on the international scene.

The PS among others mentioned that companies from India, Germany South Africa and USA have already confirmed their participation.

He said VVIP delegates including Vice President for OPIC, SADC Executive Secretary and Africa’s Richest Man, Aliko Dangote who has already shown interest in investing in Malawi.