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15 UK investors coming to Malawi

A group of more than 15 investors are expected in the country next week to assess some potential investment projects in Malawi.

Minister of Industry and Trade Joseph Mwanamvekha has confirmed that the investors will hold discussions with President Peter Mutharika and other government officials.

This follows a meeting the investors held with Mwanamvekha and Malawi Investment Trade Centre chief executive officer Clement Kumbemba in the United Kingdom last month.

In an interview, Mwanamvekha said he was optimistic that the investors will in the short term sign investment deals with Mutharika.

“As you are aware, there will be a Global African Investment Forum in the UK in December. It is during this forum that the investors will sign the investment deals with the President.

“But, before they commit themselves to the investment, the investors would like to assess and visit potential areas where they can do their investments,” said Mwanamvekha.

The investors cover different sectors that include infrastructure development including rail, roads and aviation, import and export, power infrastructure, water and sanitation, housing, hospitality and tourism, among others.

The UK meeting attracted companies such as Well and Able who are interested in pre-financing housing projects, Louis Berger, Geneterc, Old Mutual-Minolka, Taleveras, PW International, Dawnus, UK Export Finance, Globeleg and Ardour Capital Investments.

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