JB woos foreign investors

Government is geared to create a conducive environment for businesses to put Malawi among top 100 countries attracting investors in the next five years, President Joyce Banda has said.

Speaking at the Malawi Business Forum held in Brussels on Thursday, Banda said her government is reviewing commercial and trade-related laws to woo investors.

Said Banda: “Malawi has liberal investment policies that provide freedom to invest in any sector, allow for investors protection, repatriation of capital gains and equal treatment for both domestic and foreign investors.

 “I would like to invite fund managers, financial institutions and private corporations here present to seriously consider partnering with us. We want to create a growing and expanding market by entering into bilateral trade agreements with various countries,” said Banda.

Malawi Investment and Trade Centre (MITC) chief executive officer Clement Kumbemba said the country has a lot of mineral deposits and natural resources that need foreign investment.

He said Malawi is at the heart of an attractive and fast growing part of the African region.

“We connect Southern Africa to Eastern Africa and will be an excellent base for a regional business,”—Mana