A group of Turkish investors are expected in Malawi this week to discuss with their counterparts on possible investments in the construction and industrial sectors.
Malawi Investment and Trade Centre (Mitc) is coordinating the visit and its spokesperson Deliby Chimbalu confirmed last week that a six-member delegation from the Confederation of Businessmen and Industrialists of Turkey (Tuskon) will be in the country from October 19 to 22.
“The delegation has interests mainly in the sectors of construction and infrastructure, food processing and industrial plants design. However, the chairperson can link other areas of interest by Malawian businesspersons with the Turkish business community,” she said.
Chimbalu said Mitc is coordinating the visit as part of its strategy to woo investors to turn around the country’s trade fortunes.
She said the grouping represents seven business federations, 211 business associations and over 55 000 entrepreneurs from all over Turkey.
They will strive to open ties with Malawian counterparts, apart from establishing Turkish investments, said Chimbalu.
“The purpose of their visit is to, among others, build and strengthen the business relationship between the Turkish private sector and their Malawian counterparts. Tuskon observes that Malawi provides safe haven for private investment that will promote Turkish investments.
“The seven-member delegation will be led by the board chairperson of Tuskon Rizanur Meral,” she said in a statement.
Chimbalu said the group will hold a business meeting in Blantyre where interested local companies will interact with the Turkish delegation.
According to the statement, Tuskon is specialised in organising international business summits in Turkey under ‘Trade Bridge’ and is also involved in organising business delegations to other countries.
The visit comes as the one-stop investment centre is pushing to turn Malawi into a favorable investment destination amid huge political focus on trade and foreign direct investment.