Monday, January 18, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Malawi misses out on FDI potential

by Grace Phiri
18/06/2019
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Malawi is yet to fully utilise its foreign direct investment (FDI) potential, making it one of the least attractive destinations for foreign capital, an economist has said.

University of Malawi’s Chancellor College economics professor Ben Kaluwa said this in an interview on Sunday in the context of a 2019 United Nations Conference on Trade and Development (Unctad) World Investment Report 2019, which has ranked Malawi as one of the countries with lowest levels of FDI in the region.

RelatedHeadlines

Banks reaping from high lending rates

Traders cheating farmers under govt watch—study

MSE value drops

TOURISM | The Nation Online
Mulanje Mountain is one of the country’s tourist attractions

The report shows that in 2018, the country raked in $102 million (about K75 billion) in FDIs, an increase from $90 million (about K67 billion) in 2017, but a decline from 2016s $116 million (about K86 billion) and $510 million (about K377 billion) in 2015.

Compared to its neighbours, Malawi lags behind South Africa ($5 334 million), Mozambique ($2 711 million), Zimbabwe

($745 million), Zambia ($569 million), Botswana ($229 million) and Namibia ($169 million), but is ahead of Lesotho ($39 million) and Eswatini, formerly Swaziland at ($25 million).

Kaluwa called for scaling up efforts in marketing the country’s potential investors.

He said: “There is a lot that Malawi can do with very marginal effort like in the tourism and hospitality industry as well as manufacturing.

“Other countries don’t have the resources that we have in Malawi such as mountains and the fresh water lake yet they outperform us.”

Malawi Investment and Trade Centre (Mitc) figures show that the country’s total FDI stock is estimated to stand at $1.15 billion or 17 percent of gross domestic product (GDP).

The figures show that the agricultural sector attracts the most FDI, primarily from South Africa, Germany and the United States.

Experts say FDI is one way of compensating for the lack of domestic investment, and can help kick-start the process of economic development as well as create jobs, increase productivity and reduce importation.

An analysis of the country’s investment policies by United Nations Economic Commission for Africa shows that the  policies are dedicated to trade liberalisation, promotion and facilitation with a few investment conditions to promote sector-specific liberalisation.

Previous Post

TC sensitising growers to new Tobacco Act

Next Post

DPP, CSOs on collision path

Related Posts

graph 4 | The Nation Online
Business News

Banks reaping from high lending rates

January 16, 2021
Maize prices are on the rise on the market
Business News

Traders cheating farmers under govt watch—study

January 15, 2021
Trading in progress at Malawi
Stock Exchange
Business News

MSE value drops

January 15, 2021
Next Post
Demos Malawi6 | The Nation Online

DPP, CSOs on collision path

Trending Stories

  • Spending more: Chakwera

    Wasteful Chakwera

    0 shares
    Share 0 Tweet 0
  • Nocma in race against time

    0 shares
    Share 0 Tweet 0
  • Rot at Neef over loans

    0 shares
    Share 0 Tweet 0
  • Neef bosses, board fight in court

    0 shares
    Share 0 Tweet 0
  • Tonse owes ‘ife tonse’ an apology

    0 shares
    Share 0 Tweet 0

Opinions and Columns

My Thought

Don’t relax, Covid-19 still here

January 17, 2021
Political Uncensored

Maddening chaotic virus

January 17, 2021
Emily Mkamanga

Chakwera has to instill unity

January 17, 2021
People’s Tribunal

Perilous times and the need for accountability

January 17, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

WhatsApp us

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.