Principal Secretary in the Ministry of Agriculture, Erica Maganga, says she managed to sell investment opportunities available in Malawi to potential investors who attended the Global Production Capacity and Business Partnerships Forum which took place in Wuhan in Hubei province, China.
The forum drew participation from high profile investors from around the world who also showed interest to invest in Africa.
Maganga said she took advantage of the African Session on the final day to woo potential investors to invest in Malawi’s agriculture sector.
“Government is embarking on agricultural diversification, value chain development and commercialisation as articulated in Malawi’s National Export Strategy and the Agriculture Policy. All these development blue prints emphasise agricultural value addition to address the over-reliance of the country on traditional food and cash crops,” Maganda told the conference.
Speaking after her presentation, Maganga said many potential investors made enquiries with some committing to attend the forth coming investment forum to strike joint ventures with local companies.
“The investors can tap from the various investment opportunities available such as engaging in large scale irrigation, mechanisation of farming, value addition and export oriented investment ventures which can be implemented in our agriculture sector,” she said.
Hubei province is one of the developed provinces in China, located in the central part of the country and enjoyed the earliest civilisation of the country hence has a long history of industrialisation.
With available financial resources and interest for overseas presence, Chinese investors offer huge opportunities for the unexploited investment areas in Malawi like manufacturing industries, real estate, mining, tourism, infrastructure among others.