MITC courts South African investors
Malawi Investment and Trade Centre (MITC) will today engage potential investors in South Africa at the Malawi Business Day hosted by the Malawi Consulate in Johannesburg.
During the event, MITC will show investment and trade opportunities to potential investors.
MITC Public Relations Manager, Deliby Chimbalu, said the event was an ideal platform for raising awareness about investment opportunities in Malawi and attract foreign direct investment.
“This is a good platform to market the opportunities that are available in Malawi for both investment and trade. It is also an event that will foster establishment of business networks, sharing of information as well as identification of possible joint venture partners,” Chimbalu said.
The Malawi Consulate in Johannesburg has organised the event in conjunction with the Johannesburg Chamber of Commerce and Industry.
Delegates to the indaba include officials from the Ministry of Industry and private sector players.
South Africa remains Malawi’s major trade partner on the continent.
Latest figures from the International Trade Centre (ITC) Trade Map indicate that Malawi exported over $60 million worth of products to that country in 2018.
However, Malawi imported even more from South Africa in 2018, with the records showing a trade balance of $388.4 million.