Delegation in UK to meet investors

Minister of Industry and Trade, Joseph Mwanamvekha and Malawi Investment Trade Centre (MITC) Chief Executive Officer Clement Kumbemba, have flown to London, United Kingdom to meet prospective investors ahead of a Global African Investment Summit to take place in December this year.

The forum, to take place in London, will bring together African leaders from Malawi, Rwanda, Uganda and Tanzania to meet investors from around the globe.

Meanwhile, bilateral meetings with the prospective investors have started taking place ahead of the summit and are being coordinated by the Global African Investment Summit.

Global African Investment Summit director, Paul Sinclair, told The Daily Times on Tuesday that the meetings are meant to prepare the investors on what projects they can invest in the various countries, including Malawi.

“The ultimate objective of the bilateral meetings is to forge a working relationship with investors which will culminate into signing Memoranda of Understanding on the projects relevant to each company and fund,” said Sinclair.

Companies to meet the Malawi delegation include Well and Able who are interested in pre-financing housing projects, Louis Berger, Geneterc, Old Mutual- Minolka, Taleveras, PW International, Dawnus, UK Export Finance, Globeleg and Ardour Capital Investments.

Mwanamvekha is also expected to meet Baronness Lynda Chalker who heads a consultancy company called Africa Matters Limited which provides advice and assistance to companies initiating, developing or growing their activities in Africa.

Africa Matters Limited, according to Sinclair, has already partnered with governments, multinationals, local companies and NGOs to ensure that the private sector investments play a constructive role in driving African Development.

The meetings will cover infrastructure development including rail, roads and aviation while other meetings will focus on import and export, power infrastructure, water and sanitation and housing.

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