Tuesday, October 4, 2022
Government Business

Malawi Courts Investors at World Expo

Minister of trade and industry Mark Katsonga Phiri meeting an investor in Dubai

BY BLAIR MHONE

Minister of Industry and Trade Mark Katsonga Phiri says he is impressed with the amount of interest the country generated at the just-ended World Expo in Dubai where he led the Malawi delegation.

At the expo, Malawi through the Malawi Investment and Trade Centre (MITC) managed to generate more than $1.5 billion (about K1.275 trillion) worth of investment interests.

According to MITC, the interests are for projects in power generation, agriculture and agro-processing of edible oil production and processing, farming, fertilizer manufacturing, and ethanol production.

On the potential investments, the minister said:

“The World Expo here in Dubai gave us a platform to showcase the opportunities that we have as a country to a wider global audience. The investment interests that we have generated are not only those from potential investors in Dubai but from around the world.

“As government, we are committed to providing the necessary support to all these interested potential investors to ensure that their investment interests are materialised because this is what the country is looking forward to,” Katsonga Phiri said.

Meanwhile speaking at the opening of the Expo, Chief Representative of Southern Africa – Dubai Chambers Abdulla Momade said the United Arab Emirates is ready to support Malawi businesses.

“Africa is our biggest trading partner and we are ready to support Malawian businesses to tap into the trading opportunities with the UAE,” Momade said.

 

 

 

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