An investment forum which seeks to create a platform for Malawian entrepreneurs to present bankable business ideas to prospective financiers has started Tuesday in Blantyre.
The meeting has been organised jointly by the Ministry of Industry and Trade and the Malawi Investment and Trade Centre and has attracted participation of global brands such PTA bank and the African Development Bank, among others.
And according to Principal Secretary in the Ministry of Trade, Cliff Chiunda, over 150 local firms are also in attendance.
“This is a big event and we urge all entrepreneurs in the country to utilise the opportunity and present bankable projects to the financiers,” said Chiunda.
MITC’s Public Relations Manager, Deliby Chimbalu, said the Blantyre forum was organised to follow up on investment pledges made during the historic Malawi Investment Forum 2015 (MIF).
“We have six international and regional financiers coming to Malawi to conclude the deals that were initiated during the MIF 2015. In attendance we have PTA Bank, Overseas Private Investment Corporation, African Development Bank, UK Export Finance, Afrexim Bank and Industrial Development Corporation,” she said.
Chimbalu further said the MIF has created wide interest for Malawi from both international investors and financiers with MITC receiving a number of investment delegations following the hosting of the MIF.
The main objective of the forum, according to MITC, is to enhance collaboration between local investors and international financiers with the view of increasing private investment in Malawi and to allow international financiers present requirements to local firms on how they can access finance in their institutions. It is being held under the theme, “Fostering Sustainable Business Partnerships.”