Firm says Malawi needs more Malawi Investment Forum

Post was last updated: June 26, 2018




A local Information Communication Technology (ICT) firm, iMosyS, has said Malawi needs more investment forums to develop the economy.

The firm’s Managing Director, Mayamiko Nkoloma, said the just-ended 2018 Malawi Investment Forum (MIF) presented an opportunity for iMosyS to market Malawian products and services to investors.

Nkoloma said the MIF created a platform for local ICT companies to demonstrate their capabilities to a larger audience.

“As a growing Malawian tech brand, the forum provided us with the opportunity to showcase our local expertise and level of ingenuity. This is not a benefit for iMoSyS only but Malawi at large by way of investment. We need more of such fora,” Nkoloma said.

He added that the forum also accorded iMosyS a window to connect with development partners.

“The forum allowed us to connect with development partners and potential clients who were not fully aware of the extent of our capabilities,” he said.

Among others, during the MIF, iMoSyS showcased three technological solutions to health and water management.

‘We showcased a water management system that was designed to provide water boards in the country the capability of ascertaining real time trends of remote water infrastructures online. The system, among other things, monitors water tank levels in storage tanks across Lilongwe City and other zones under Lilongwe Water Board’s control.

“We also displayed the TB eHealth for community intervention. This initiative being run in conjunction with the National TB Control Programme to provide improved community TB care interventions that seek to minimise diagnostic and treatment delays across the health delivery system through the use of technology. Built on top of mobile applications, it demonstrates the impact of ICT solutions on health care services and also as is an enabler to better life for all,” he said.

Nkoloma added that the company also showcased an eco-friendly solar powered water dispenser designed for placement in semi urban rural areas named the iTap.

“This innovation will allow low income communities to have a 24 hour access to clean and portable water from kiosks by using smart cards just as how it is done on an ordinary ATM. This cashless technique eliminates uncertainties lack of accountability from revenue collections by water service providers,” he added.

The 2018 MIF saw over 24 deals estimated at $3 billion being sealed.

Let us know what you think of this update and remember to add us on our facebook and follow us on our twitter. Make sure to come back daily for more Malawi business news updates.

Quick Links: Malawi Banking News | Malawi Technology News | Download Business eBooks | Ten Signs You Are An Entrepreneur | What is a Managing Director?

Today’s top business story: Top Commercial Banks In Malawi

Source link