Business

Exhibitors bemoan scanty business information

Some exhibitors at the Malawi International Trade Fair in Blantyre have lamented inadequate business information on Malawi.

This came out during one of the side meetings where Malawi Investment and Trade Centre (MITC) orientated investors on its online portal.

The portal was created to facilitate investment linkages between government departments and the private sector.

Managing Director of Allos-Par International Managing Director Phoebe Towongo, blamed bureaucracy as one of the factors delaying flow of businesses.

Marketing Officer at Green Belt Authority, Pilira Manyila, said there were information gaps among business operators on required processes for one to invest or register a company in the country.

MITC Business Information Officer, Robbins Mwanga, said the centre had established an online portal where investors can be linked with relevant authorities.

“Investment promotion bodies no longer have the monopoly of providing access to investment and related information as the web is flooded with other players. Although we have strengthened our electronic resources and website with comprehensive information, we face strong competition.

“We urge prospective investors and the business community to utilise our online services to grow their businesses through the acquisition of accurate, timely and reliable investment information,” Mwanga said.

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