Lilongwe, June 25: The Malawi Investment and Trade Centre (MITC) in conjunction with the Ministry of Trade and Industry will hold a forum from 29-30th June Bingu International Convention Center in Lilongwe.
Principal Secretary for Trade and Industry Cliff Chiunda said the aim of the forum is to showcase Malawi’s investment opportunities to the global community in order to attract companies that can establish their businesses in Malawi and contribute towards economic growth.
Chiunda further said the forum will provide an opportune to participants look into issues of mining, agriculture and agro-processing, energy, manufacturing, infrastructure development, Tourism and financial services.
The Principal Secretary said the forum will attract investors from across the whole world with an aim to develop the private sector as one way of boosting the country’s economic growth through direct investments.
More than 80 international participants from United States of America, United Kingdom, China, India, Republic of South Africa, Brazil, and Uganda have confirmed to provide support to the forum.
The forum is also expected to attract VVIP delegates that would include vice president of OPIC, SADC Executive Secretary, and Africa’s richest man Aliko Dangote, who have already shown interest to invest in Malawi.
MITC is expected to attract prospective investments of up to $16 billion (MK 7.2 trillion) from the forum.
Meanwhile, 90 local companies have confirmed to participate in the forum.
He therefore expressed optimistic that Malawi would be ready to host big business investors into the country.
