According to media reports, the government signed a Memorandum of Understanding (MoU) with Khato Civils (Pvt) Limited of South Africa for three projects valued at $1 billion (about K780 billion) during the Malawi Investment Forum (MIF). Under the MoU, the Khato will construct tollgates, a modern bus terminal along the Likuni Road and a water […]
Minister of Industry Trade and Tourism, who is also a banker, Joseph Mwanamveka, on Thursday hit at Malawi’s commercial banks saying that their high interest lending rates are derailing investment in the country. Mwanamveka, speaking during a news conference organised in order to update the nation on the incoming Malawi Investment Forum which is slated for 10-11 […]
Indigenous Businessmen Association of Malawi officials say foireign investors are scared to put their US dollars in the country because of junk investment rating which puts Malawi as a risk country for investment. Mike Mlombwa, chairman of the association said investors are scared because of the unpredictable shaky and dwindling economy, the unstability of the […]
President Peter Mutharika has urged Chinese investors to view Malawi as an investment opportunity. He made the remarks Monday at Kamuzu palace in Lilongwe during an audience with a delegation from the people’s republic of china. Mutharika said there were many investment opportunities that the Chinese investor can explore and have meaningful investment. “I have […]
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 said the forum presents a unique opportunity for Malawi to sell its investment opportunities to Chinese […]
Malawi will soon have another five start hotel in the capital Lilongwe following an announcement by China Lilongwe Grand Holdings Corporation Limited (CLGHC) to invest US$100 million the hotel building following their attendance to first ever Malawi Investment Forum. The company chief executive officer Jeff Zhang also disclosed plans to have a cigarette manufacturing projects […]
This week British Prime Minister David Cameron is filling a plane with captains of business in his country to South East Asia where they are expected to strike trade deals worth £750 million. Wow. This is eye-watering. The British PM is heading not to India and China but to the furthest corner of South East […]
The Blantyre City Council (BCC) has benefited from the first ever Malawi Investment Forum if the Memorandum of Understanding (MoU) that the city’s authorities have signed with the China-Zambia and China-Tanzania Friendly Cultural Exchange Programme on enhancing cooperation in various development projects, is something to go by. Mayor of the City of Blantyre Councillor Noel […]
Local entrepreneur, Mike Mlombwa, who is the Managing Director of Country Wide Group of Companies, has described high lending rates as one major challenge crippling local investors’ efforts in seizing the country’s business opportunities. Speaking on the sidelines of the first-ever Malawi Investment Forum (MIF), Mlombwa, who is also the President of Indigenous Businesspersons Association […]
President Peter Mutharika has assured the visiting Vice President for the Overseas Private Investment Corporation-OPIC that Malawi’s investment climate has improved tremendously such that foreigners are now free to open up businesses in the country. Professor Mutharika was speaking when he met in audience the Vice President for OPIC Mr John Polan who was in […]
Malawi’s first ever investment forum netted more than $1 billion in prospective investments, the trade minister said on Wednesday, as officials hoped the amount would rise to $10 billion once all proposed deals were concluded. Malawi, which is trying to move away from dependence on Western donors who are withholding budget support, following revelations of […]
Africa’s richest man, Aliko Dangote, who is worth an estimated $18.4billion, has failed to attend the high profile Malawi Investment Forum (MIF) which President Peter Mutharika opened in Lilongwe Monday. The Nigerian industrialist who has investments in cement, sugar and flour, was expected in Lilongwe, the country’s capital, to hold private talks with President Peter […]
The most richest man in Africa, Aliko Dangote, who is worth an estimated $18.4billion, is expected to attend this year’s Malawi Investment Forum (MIF) slated for June 29 at Bingu International Conference Centre in the Capital City Lilongwe. Speaking at a news conference in Lilongwe, Principal Secretary in the Ministry of Trade and Industry, Cliff Chiunda […]
The Malawi Ambassador to the United States of America, Necton Mhura has assured US investors that Malawi is a secure investment destination as it has created a conducive investment environment for them. A statement from the Malawi Embassy, Washington DC, USA states that Mhura made the announcement during an interview with Voice of America (VOA) […]
Africa’s riches man, Aliko Dangote who is worth an estimated $15.7billion , is expected in Malawi as a prelude to prospective investment in the country. According to Malawi’s Minister of Industry and Trade, Joseph Mwanamvekha, while in the country, the Nigerian businessman will hold private talks with President Peter Mutharika during which investment prospects will […]