Government says preparations are progressing well for the investment forum between Malawi and China scheduled to be held in Lilongwe next month.
Minister of Industry and Trade, Joseph Mwanamvekha, has confirmed that over 150 Chinese companies and businesses have confirmed participation to the meeting which is aimed at opening up business opportunities between the two countries.
Mwanamvekha further said the meeting will help to create a platform for local businesses to market their goods on the international market with the possibility of creating partnerships and sharing business knowledge.
“This is specifically a Malawi-China investment forum. We are getting over 150 delegates. We will have distinguished guests from the Chinese Government as well as several other business captains from various sectors of the economy,” said Mwanamvekha.
He disclosed that some of the delegates from China already visited the country to explore the market for possible future investment.
Mwanamvekha further reaffirmed government’s commitment towards what he called creating a conducive environment for doing business which he said would help ease the existing pressure faced by players in the private sector.
“Malawi is ready for business and we would want to create sustainable businesses in all the sectors. Malawi Government is committed to create the most conducive business environment. We have lined up a number of programmes specifically to benefit the private sector and as the private sector benefits, we will also benefit. We will ensure that the private sector is supported and empowered always,” said Mwanamvekha.
The Malawi-China investment forum will follow the second Malawi Investment Forum which is also scheduled to take place in June at the Bingu International Conference Center in Lilongwe.
At a similar forum last year, several investment deals were created worth millions of dollars.