US firm eyes local market

Post was last updated: October 16, 2018

By Chimwemwe Mangazi:

A United States (US)- based investment and management firm has engaged the Malawi Investment and Trade Centre (MITC) for bankable projects in the country where it has committed to invest over $100 million.

In an interview, MITC Public Relations Manager, Deliby Chimbalu, confirmed that the centre has received the request from the firm.

She said MITC is developing a dependable database of bankable projects to facilitate funding or equity partnership opportunities.

“It is our hope that the private sector would take advantage of this opportunity and submit [to us] bankable project concepts for us to help them in identifying funding for implementation,” Chimbalu said.

She said following improvements in some key macroeconomic fundamentals, there has been growing investor confidence.

Since 2014, MITC has been producing a compendium of investment projects as a way of marketing the country to potential investors.

MITC has also been hosting the Malawi Investment Forum, a gathering of international and local investors, financiers and government officials among other key stakeholders to facilitated trade and business deals.

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