Forum unlocks opportunities | The Times Group

Post was last updated: July 30, 2018


The Tanzania-Malawi Trade and Investment Forum closed on a high at the weekend following revelations that one of Malawi’s firms, African Women in Agribusiness, secured a deal to supply 10,000 metric tonnes of soya to a Chinese company.

It has also emerged that a Tanzanian pharmaceutical company has committed to open a $1.3 million plant in Malawi.

African Women in Agribusiness Marketing Committee Team Leader, Grace Mijiga Mhango, described the forum as a success, stressing that there is a lot of demand for their products in Tanzania.

“It has been a very good fair and there is a lot of interest in our products. As you know, most of the people here in Mbeya still cross into Malawi to buy some products and we have seen that demand for some products, is very high and we have a lot of enquiries which will help us penetrate the market easily.

“In terms of value, we haven’t calculated how much it will be worth but in terms of volumes we were approached by a Chinese company which is looking for volumes of soya so that they can process it into oil and they have assured us that they will buy everything that we will produce,” Mhango said.

Yavinde Nyasuulu, who was exhibiting handmade jewels, said many people were interested in her products and that she has been invited to participate in a Jewels Fair to take place in Dar es Salaam next week dubbed Nane-Nane.

Officials from the Malawi Investment and Trade Centre who were coordinating the forum with their Tanzanian counterparts, said many companies from Tanzania have shown interest to invest in Malawi.

They said details of the companies will be shared after doing a postmortem of the event.

The Tanzania-Malawi Trade and Investment Forum follows a Joint Permanent Commission for Cooperation (JPCC) between Malawi and Tanzania which was held in Lilongwe in February last year.

Among others, the JPCC agreed that Malawi and Tanzania should be patronising each other’s trade and investment fairs and forums, and should hold joint trade and investment forums as a way of promoting trade, investment and information-sharing between the two countries.

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