The Malawi Investment and Trade Centre (MITC) has unveiled plans to host an investment and trade forum at the on-going Dubai Expo in February 2022.
In an interview, MITC Public Relations Manager Deliby Chimbalu said the forum is aimed at showcasing trade and investment opportunities and attractiveness of the Malawi business climate to the Dubai business community.
She said, already, a number of investors from that country were enquiring about Malawi.
“This forum is geared to promote investment in key economic sectors, such as mining, energy, infrastructure, ICT, agriculture, tourism and manufacturing among others.
“It will provide a platform for investors, project promoters, traders, government officials, financiers and private sector players to interact and discuss ways of turning the investment and trade opportunities into possible business ventures,” Chimbalu said.
She added that, despite similar initiatives failing to attract desired investments in the past, the centre would continue to sell Malawi to the world.
“The Dubai Expo presents a good platform to meet and identify potential investors as it has attracted participation of 192 countries from across the world,” Chimbalu said.
Last month, Malawi signed a $1 billion (about K840 billion) deal with Elsewedy Electric of Egypt at the Intra African Trade Fair held in Durban, South Africa.
Minister of Trade Sosten Gwengwe signed on behalf of the Malawi Government while Elsewedy President and Chief Executive Officer Engineer Ahmed Elsewedy signed on behalf of the Egyptian energy giant.
Gwengwe said Elsewedy would bring flagship investments into Malawi in sectors such as energy, manufacturing and tourism that will help boost the country’s economy.