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Second investment forum slated for Oct 2016

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After a successful investment forum last year, Malawi will once again host the second event in October this year.

The first ever Malawi Investment Forum (MIF) which was held in June last year raked in investment commitments of over US$1.5 billion by August from the initial US$1.1 billion on the closure of the forum.

Minister of Industry and Trade Joseph Mwanamvekha said preparations for the second event are already under way and th at invitations have been sent to different companies and organisations.

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Mwanamvekha said this year’s event will be slightly different from that of last year as instead of selling all projects like it happened last year, Malawi will only market top two or three priority projects from each sector.

“We want to sell projects that will have a direct impact on the country’s economy,” he said.

Mwanamvekha said currently, the compendium of bankable projects is being reviewed by technocrats and academicians from various colleges.

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“Through the Malawi Investment Trade Centre (MITC), we started asking for submissions of bankable projects from the private sector and the government. We want to give ample time so that we are able to assess the top best projects and also allow people to submit their proposed projects,” he said.

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