Mitc records K120bn investment pledges in Q3
Malawi Investment and Trade Centre (Mitc) has attracted investment pledges worth K120 billion (about $200.7 million) in the third quarter (July to September) of 2015.
In 2014, Malawi attracted investment pledges totalling $1.9 billion (about K1.1 trillion), a big jump from $656 million (K398 billion) the year before.
create jobs
“At the moment, our records indicate that 16 companies have been issued with investment certificates in the said period. This is in addition to the 41 companies that were issued with investment certificates between January and July this year,” said Mitc public relations manager Deliby Chimbalu.
She said out of 16 companies, nine have expressed interest to venture into manufacturing.
Said Chimbalu: “We have nine companies wanting to venture into manufacturing of pharmaceuticals, cement, beverages, fertiliser, textiles, food and beverages, energy saver bulbs, lunchboxes and steel.
“We also have three other companies from South Africa, China and Britain which are interested to venture into tourism and another company, JCN Matswani Solar Corporation, a Canada/ South African joint venture, wanting to venture into the energy sector in solar energy generation.”
Chimbalu said of the 16 companies, four are from China.
In terms of employment, she said the companies have pledged to create 3 736 jobs. n
