Ministry outlines MIF 2018 objectives
Minister of Industry, Trade and Tourism Henry Mussa says the Malawi Investment Forum (MIF) 2018 has been designed to facilitate domestic and foreign direct investment.
In an interview, the minister said MIF has proved to be an important platform to market investment and trade opportunities that Malawi has.
Said Mussa: “It is now official that we will host the third edition of the Malawi Investment Forum on June 11 and 12 in Lilongwe.”
the event are almost done
“Specifically, the forum this year has been organised to attract both domestic and foreign direct investments into selected strategic public and private sectors. These forums have been a success and we have made notable gains.”
He said all preparatory work for the event are almost done and registration is now open through the event website www.mif.mw.
“Participation to the MIF 2018 is through prior registration [and] if you do not register you won’t be allowed to be part of the deliberations,” said Mussa.
In terms of project profiling, he said, so far, they have 24 projects packaged ready to be marketed during the forum.
“We are still engaging different stakeholders to submit their bankable projects for the forum,” said Mussa,
The forum is organised jointly with the Malawi Investment and Trade Centre (Mitc)
In an interview, Mitc public relations officer Deliby Chimbalu said forums have helped to put Malawi on the world map.
“We are optimistic and we are more than ready to host the MIF 2018. We want to encourage local investors to register in large numbers so that they can be able to sell their bankable projects,”she added.
The MIF has been used to promote exports of Malawian products through trade exhibition.
MIF 2015, which was the first to be held, recorded 10 commitments, including projects in power, mining, water development and marine transport.
The MIF 2016 also resulted in 10 public private partnerships (PPPs) deals being signed with 14 commitments from the private sector.
The trade side of the forum has, so far, recorded orders worth $26.3 million (K19.2 billion).
Some of the notable achievements, according to Ministry of Industry, include Lilongwe China Grand Holdings with an investment of $100 million (K73 billion). n
