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US firm eyes local market

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By Chimwemwe Mangazi:

A United States (US)- based investment and management firm has engaged the Malawi Investment and Trade Centre (MITC) for bankable projects in the country where it has committed to invest over $100 million.

In an interview, MITC Public Relations Manager, Deliby Chimbalu, confirmed that the centre has received the request from the firm.

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She said MITC is developing a dependable database of bankable projects to facilitate funding or equity partnership opportunities.

“It is our hope that the private sector would take advantage of this opportunity and submit [to us] bankable project concepts for us to help them in identifying funding for implementation,” Chimbalu said.

She said following improvements in some key macroeconomic fundamentals, there has been growing investor confidence.

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Since 2014, MITC has been producing a compendium of investment projects as a way of marketing the country to potential investors.

MITC has also been hosting the Malawi Investment Forum, a gathering of international and local investors, financiers and government officials among other key stakeholders to facilitated trade and business deals.

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