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MITC to launch trade portal

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The Malawi Investment and Trade Center (MITC) is scheduled to unveil a web based trade portal that will provide trade information to exporters and producers in the country.

MITC chief executive officer Clement Kumbemba told the media last week, that the portal will be officially launched tomorrow and it will fill trade information gap that exists and affects exporters hence boosting production and exports.

“This trade information portal reflects the commitment of MITC to build a robust, knowledge based society through various modernisation projects. It is a breakthrough for Malawian trade and will give us a competitive edge,” said Kumbemba.

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He said MITC believes that improving trade information availability can also improve trade flows in Malawi hence the trade based economic growth.

The trade information portal has been developed with assistance from the International Trade Center (ITC) with intent to establish a reliable online trade hub for the country.

Meanwhile, the MITC has called on the private sector to participate in the fourth coming

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Commonwealth Business Forum to be held in Malta from 24th to 26th November and a two day Global African Investment Summit in London from 1st December.

Kumbemba disclosed that about 12 companies have so far confirmed participation of the Malta event while over 32 companies are expected to attend the London summit.

The Global African Investment Summit will be attended by top government officials and business leaders from across the globe and will attract over 1,000 qualified global investors.

The summit will include business seminars and business to business meetings and will focus on a number of sectors which will include; agriculture, power, financial services, capital markets, gas, oil and infrastructure.

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