Several Malawian companies have managed to clinch deals in Belgium and Netherlands after the Malawi Investment Promotion Agency (Mipa) took them to Europe to explore new markets.
â€œWe managed to link Malawian exporters to potential markets and investors in Europe and some companies have already got orders to export commodities as soon as possible,â€ said acting general manager for MIPA Clement Kumbemba.
He named companies such as Mzuzu Coffee Planters Cooperative Union, Tradeline, Mulli Brothers and Malawi Aquatics Association as some that managed to get good deals.
Kumbemba said Mzuzu Coffee has been asked to export two containers of Mzuzu Specialty Coffee and another container of ordinary coffee every month while the Malawi Aquatics have been asked to export 25 boxes of ornamental fish every fortnight to Netherlands.
Nasfam and Mulli Brothers have deals to export pulses, groundnuts, soya, peas and chillies to Belgium.
â€œImagine Tradeline got an order to supply groundnuts and the company that wants to buy has already committed to pre-finance freight costs by 40 percent. This just shows that there is huge potential in the outside world and we need to upscale our agricultural activities,â€ said Kumbemba.
Mipa picked 20 companies to explore new markets for exports.
This is the first time Malawi has sent over 20 companies to Europe to explore markets and said that there is need to make such trips every year if the country is to progress.
â€œWe need to mechanise our agriculture if our export diversification drive is to gain pace in earnest. There is a huge potential to diversify our exports and never rely on tobacco only,â€ said Kumbemba.
Some of the companies who made the trip are Kennedy Chikalo Investments, Lible Investments, Jessica Creations, Malawi Council for the Handicapped, Mothers Holdings and Global Tea and Commodities Limited.