Ten European Investors Coming To Malawi Looking For Invesment Opportunities

Ten European companies visiting Malawi to explore investment opportunities available in the country

The Malawi Investment Trade Centre (MITC) says the team of Seventeen delegates is in a reciprocal mission to verify investment opportunities that were discussed with Malawi delegation in London between 21t and 23rd of July this year.

Minister of Industry and Trade, Joseph Mwanamveka who led Malawi delegation to UK and held bilateral investment meetings with 25 European investors, asked them to come to Malawi. The visit was a pre-conference exercise ahead of Global African Investment Summit to be held in London on 1st and 2nd December 2015 where Malawi President is expected to attend.

Kumbemba

Chief Executive Officer for MITC Clement Kumbemba said the 10 companies who were among the 25 companies are keen to explore and to see for themselves of the enormous opportunities that the country told them while in UK.

Kumbemba said some of the companies to form part of the delegation are interested in energy, infrastructure, tourism, financial sector among others

“There is a construction company called Dawnus, which is interested in Finance and construct infrastructure projects, to a valued of US$80 million. There is also Aggreko Company that specializes in the provision of off-grid interim supply of electricity from either gas or diesel

Mott Macdonald a global management, engineering and development consultancy company that adds value for private and public clients. It mostly undertakes feasibility studies for both public and private projects leading to bankable feasibility studies” said Kumbemba

He also mentioned of PW Mining International a British owned company which has a lot of business interests including civil works, mining, property development and airport handling and that there is a company called Well and Able company interested in residential and property management.

He indicated that the delegation visiting Malawi from 31st August to the 4th of September 2015 will meet President Peter Mutharika before meeting sectoral line ministries and other key stakeholders.

“They have to interact with sector specialists so that they can firm their positions before December Summit” said Kumbemba

Kumbemba added that the remaining 15 companies could have come but opted other time and that some would come individually this year possibly at the end of September and October.

The Malawi Investment Trade Centre (MITC) CEO also asked Malawians and local companies to effectively take advantage of the the prevailing economic downward spiral by increasing production, investments and exports.

He noted that the weakening Kwacha and many other current hurdles offer Malawians more opportunities and that if well utilized may result into growth of businesses and the whole economy  and possibly end some of the problems the country is facing.