Mitc, Comesa eye US-Africa business summit

Malawi to reap business opportunities from US Africa trade summit

Post was last updated: May 26, 2025

Key Business Points

  • Malawi’s business community should leverage the US-Africa Business Summit to showcase investment opportunities in key sectors such as agriculture, mining, and tourism.
  • The summit provides a platform for private sector players to position Malawi as an attractive destination for international investors, aligning with the country’s ATMM strategy.
  • Malawi should seek clarification on the US trade policy towards the region and strategize on how to improve its exports to the US market, particularly in areas such as agricultural products.

The Malawi Investment and Trade Centre (Mitc) has identified the upcoming US-Africa Business Summit in Angola as a strategic opportunity for the country’s extraction industry. The summit, scheduled for June 23-27 2025, will attract over 1,500 participants, including African heads of state, US government officials, and business leaders from both continents. Mitc CEO Kruger Phiri emphasized the importance of Malawi’s participation in the summit, aiming to position the country as an attractive destination for investment in key sectors such as agriculture, mining, and tourism.

Boosting Investment Opportunities
Malawi’s participation in the summit is seen as a timely opportunity to showcase the country’s investment potential to international investors. Phiri encouraged business leaders to actively participate and leverage the platform to showcase Malawi’s potential on the global stage. This aligns with the country’s ATMM strategy, which aims to promote investment in key sectors.

The summit also provides an opportunity for African countries to seek clarification on the US president’s trade policy towards the region. Comesa Business Council president James Chimwaza highlighted the importance of the summit in clarifying the US trade policy, particularly following a series of tariff increases announced earlier this year. Improving Exports to the US Market

The summit is also seen as an opportunity for Malawi to strategize on how to improve its exports to the US market. The country has historically utilized the African Growth and Opportunity Act (Agoa), with exports worth $1.55 billion to the US market since 2000. However, Malawi has struggled to fully maximize the benefits of the trade window, ranking 15 out of 35 countries in Africa. The country’s exports to the US comprise mostly agricultural products such as tobacco, sugar, tea, and nuts.

New Opportunities Ahead
As Malawi prepares to participate in the summit, the country has joined other African countries in pushing for an early 10-year extension of the Agoa trade window beyond its expiry date in 2025. With the summit just around the corner, Malawi’s business community should be positioning themselves to take advantage of the new opportunities that arise from this event. By leveraging the summit, Malawi can boost investment opportunities, improve exports to the US market, and promote economic growth. Mkakana kwa Maendeleo (Embracing Progress) is key toMalawi’s business sector, and the US-Africa Business Summit presents a timely opportunity to do just that.

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Vanessa Banda
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