Firm tips govt on investment opportunities
An investment and portfolio management firm has urged government to continuously look at how to improve Malawi with the modest resources available, if the country is to reap from the investment projects at hand and others to come.
The advice follows reports that ahead of the Malawi Investment Forum (MIF), the Malawi Investment Trade Centre (Mitc) has identified 35 additional bankable projects which it intends to add into the Investment Compendium.
But Alliance Capital Limited said in its weekly market update it is important to flash out these opportunities to economic agents, business people and firms so that they seize and take necessary steps to evaluate opportunities that they bring along.
“It is important to compile these opportunities in a publication to afford the investors a chance to carefully choose which opportunities excite them instead of engaging in the tedious task of asking around,” said the update.
To achieve the utmost objective, the portfolio managers advised authorities to be aggressive in marketing the projects and ensure peace and stability to continue to instill investor confidence.
“There is need for updates on the progress of investments to keep Malawians inspired. There are some patriotic Malawians with exposure to various people who can invest but they will have to know which projects have been taken and which ones are still available,” the firm said.
According to Mitc, the country is making strides in attracting investment with figures showing that it received K103 billion in foreign direct investment (FDI) in 2015—a 10 percent increase from the previous year’s K93 billion.
Mitc public relations manager Deliby Chimbalu in an earlier interview with The Nation said the investment sector has strived to reduce steps taken to register a business thereby reducing hussles that potential investors previously met but also intensified marketing efforts to woo more investors. n
