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MITC tips private sector on partnership chances

CHIMBALU—Partnerships are essential

Malawi Investment and Trade Centre (MITC) has urged players in the private sector to attend the CII Exim Bank conclave on India-Africa growth partnership expected to take place from July 19 2022 in New Delhi, India.

The call comes at a time players in the sector are complaining of rising cost of borrowing in the country, which is stifling growth and suitability of the businesses.

A statement issued by the centre holds that local companies could enhance growth of their businesses easily if they formed mergers and partnerships with other players from across the world.

MITC Public Relations Manager Deliby Chimbalu describes the meeting as an important platform that could benefit private sector companies in Malawi.

“The conclave on India and Africa is a great opportunity for our private sector companies to meet and forge business partnerships with other businesses in India and even those that will be attending from other countries.

“You know, over the years, the conclave has increased the level of economic engagement between India and Africa and we envisage that this year’s event will create new opportunities for setting new partnerships between India and Africa, hence our call to the Malawi private sector to be part of this event,” Chimbalu said.

The meeting aims at exchanging knowledge and expertise in business regarding export, trade and investment.

This year’s meeting is focusing on agriculture and food processing, power and energy, infrastructure development and financial partnerships.

The conclave will feature an exhibition of products and services from India and African companies.

The CII- EXIM Bank Conclave on India-Africa Project Partnership was launched in 2005.

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