Malawi-China holds investment forum, 100 Chinese investors expected

Malawi Investment and Trade Centre (MITC)  has said it will be hosting 100 Chinese investors at  the Malawi-China Investment forum which will take place on 21 June at Golden peacock Hotel in Lilongwe.

MITC Chief Executive Officer Clement Kumbemba and Director of Investment Promotion and Facilitation Joshua Thakomwa at the Malawi-China Business Forum Press briefing in LL-pic by Lisa Kadango Vintulla

MITC Chief Executive Officer Clement Kumbemba and Director of Investment Promotion and Facilitation Joshua Thakomwa at the Malawi-China Business Forum press briefing in LL-pic by Lisa Kadango Vintulla

MITC) Chief Executive Officer Clement Kumbemba said the forum presents a unique opportunity for Malawi to sell its investment opportunities to Chinese investors.

“We are seeking the possibility of transformational Chinese investment in Malawi through this forum,” Kumbemba said at a news conference.

“ We want to empower Malawian entrepreneurs through possible ventures with Chinese counterparts while intensifying the government and business relations between the two countries,” he added.

He further said Malawi will benefit a lot from this forum as the Chinese investors are coming to see which sectors of business they can engage in the country.

“We would like to invite the private sector to prepare projects that they would like to discuss with the investors from china and register with MITC to attend this Malawi-china forum,” explained Kumbemba.

He said the areas investors are mostly interested in include Agriculture, agro-processing, industry/manufacturing and education sectors.

Kumbemba added that it is high time Malawi should be put on the market world map so that those investors outside the country can see what the country can offer and that this is the best opportunity for Malawi to sell itself to the rest of the world.

“In 2015 we organised the same which proved to be a very fruitful forum. And through that, we have seen a lot of projects coming, some are still on implementation level and some are looking for funding,” said Kumbemba.

He further said the country has a lot to offer to the world community and asked the private sector to grab the opportunity by attending this forum organised by MITC and government of Malawi.

According to the CEO, MITC remains committed in playing its role of creating platforms for the private sector.

Malawi and China enjoy an increasingly cordial business and working relationship. According to the international Trade Centre Malawi exported goods and services worth US$55,874,000 to china in 2015, which represents 5.2 percent of Malawi’s exports and in the same year the country imported goods and services worth US$303,819,000 from china.

The forum is expected last for 2 days.

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3 thoughts on “Malawi-China holds investment forum, 100 Chinese investors expected”

  1. CHITUTU PHIRI says:

    ubale wa china ifetu sitikuona bwino,bwanji muitaniseko aziphutsizi akumeneko a muma technical colleges kuti azapange impart their knowledge muma technical athu kuti ifeso tiyambe kupanga athu matoy nkumagulitsa nateso ku maiko ena amene sanaitulukire yimeyo -human resource development is very important if we are to develop than calling these guys only to steal our limited resources that we have

  2. paul says:

    even elementary macroeconomics point to an absolute pain gain for Malawi. Importing 303 million versus 55 million seriously points out the uncompetitive Malawi goods and services, a trend that will continue to weaken the Kwacha and undermine any serious effort to shore up economic development.
    Yet again, this is putting a whole lotta eggs in one basket, and everybody knows what the consequences of this will be! why not diversify the inward investment. even a village boy would tell you that such numbers from one country will not necessarily engage in reputable business…doubt if the elephants and tigers agree!; let alone the small business entrepreneurs!

  3. koma Kumeneko says:

    US$303,819,000 – US$55,874,000 the difference is huge

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