MITC signs ATG pact with Afrexim bank – The Times Group

MITC and Afreximbank Forge Strategic Partnership to Energize Malawi’s Economic Growth

Post was last updated: September 20, 2025

Key Business Points

  • The Malawi Investment and Trade Centre (MITC) has partnered with African Export-Import (Afrexim) Bank to facilitate seamless trade across Africa, reducing dependence on the US Dollar.
  • Malawian exporters can now utilize the Pan-African Payment and Settlement System for instant payments, streamlining cross-border transactions.
  • This agreement positions Malawi as a key player in regional trade, offering local entrepreneurs and businesses new opportunities for growth and investment.

The recent agreement between the Malawi Investment and Trade Centre (MITC) and African Export-Import (Afrexim) Bank is set to revolutionize trade in Malawi by designating MITC as the official Africa Trade Gateway agent in the country. This development is muzira woyera (good news) for Malawian exporters, who will now be able to trade effortlessly across Africa without the traditional reliance on the US Dollar. Instead, they will be able to settle payments instantly through the Pan-African Payment and Settlement System.

Kuwongolera kwa mitundu (trade facilitation) is at the heart of this agreement, aiming to reduce the barriers and costs associated with cross-border transactions. By leveraging the Pan-African Payment and Settlement System, Malawian businesses will be able to zikomerezani (compete) more effectively in the regional market, kutengera kwa nyanja (penetrating new markets) and expanding their customer base.

The partnership between MITC and Afreximbank is chakudya cha buzi (a breakthrough) for Malawi’s economy, as it kukonzekera (enhances) the country’s position as a major player in regional trade. With this agreement, Malawi is poised to attract more investment and create new opportunities for local entrepreneurs, kufikia malo ake (reaching new heights) in terms of economic growth and development.

As watajiri wa Malawi (Malawian business owners) look to capitalize on this new development, they can expect thandizo (support) from MITC and Afreximbank in navigating the Africa Trade Gateway. This will enable them to kulipira (pay) and kutuma (receive) payments instantly, kutenga (saving) time and reducing costs associated with traditional payment systems.

With the Africa Trade Gateway now open for business in Malawi, abale (entrepreneurs) and wafanyabiashara (business owners) are encouraged to tengera (explore) the fursa (opportunities) available to them. By doing so, they will be contributing to kukula kwa Malawi (Malawi’s growth) and kuimarika kwa biashara (business prosperity) in the region.

Source Link

What are your thoughts on this business development? Share your insights and remember to follow us on Facebook and Twitter for the latest Malawi business news and opportunities. Visit us daily for comprehensive coverage of Malawi’s business landscape.

Vanessa Banda
Latest posts by Vanessa Banda (see all)
Post Views: 235