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FINANCIERS FORUM
Wednesday, 20 April 2016 12:24

Malawi gears for Second Investment Forum with major financing summit

Malawi has started preparations for the second ever Malawi Investment Forum (MIF) scheduled for later this year with a mini forum for major investment financiers slated for Blantyre on 10th May 2016, the Malawi Trade and Investment Centre (MITC) announced on Wednesday.

MITC Chief Executive Officer Clement Kumbemba said at a media briefing in Lilongwe the financiers' forum will bring regional and international financiers to a roundtable with local private sector and entrepreneurs.

"The objective is to bring the financiers to our doorsteps to interact with our private sector companies and entrepreneurs that have bankable proposals and discuss with financiers on project finance support and equity participation, among other possible models," Kumbemba added.

Among the international financiers attending the Blantyre forum include the PTA Bank, Overseas Private Investment Corporation and African Development Bank, Afrexim Bank, African Development Bank and Industrial Development Corporation of South Africa.

Meanwhile MITC has confirmed preparations are already underway for the main investors' forum slated for October with invitations to speakers and participating companies being sent.

MITC says it expects this year's forum to be more improved following lessons drawn from maiden forum, citing for example, the decision that this year only fifteen bankable projects will be promoted during the forum to ensure tangible progress.
"We want Malawi to be an attractive and preferred destination on the global investment map," said Kumbemba.

However, Kumbemba said the first forum continues to bear fruits citing scores of investors who have followed up on interests expressed during the 2015 forum with subsequent visits to sign MOUs, embark on construction of physical infrastructure or sign contracts.

He cited, among others, over 27 deals Malawi government has signed MOUs in the energy sector including with independent power producers, the start of construction of a five-star hotel near Mchinji roundabout in Lilongwe, a new fertilizer manufacturing plant under construction in Lilongwe, a company interested in turning the Zambezi and shire river into navigable waters for the Shire Zambezi waterway project, among others.

The MIF, which Malawi last year trumpeted as a push to put the country on the radar for global business and investment, will this year be held in October on 10th and 11th October.

 
Buy Malawi
Monday, 21 March 2016 07:08

Malawi launches Buy Malawi Strategy

The Government of Malawi has launched a Buy Malawi Strategy (BMS) aimed at encouraging consumption of locally produced goods and services.

Launching the strategy on Friday, President Professor Arthur Peter Mutharika said it is high time Malawians play a role in spurring investment and local manufacturing

 “We are importing too much because we are not patriotic enough to promote our own industries and services. Under Buy Malawi Strategy, we are talking about investment. We are talking of change of business strategies,” pointed out President Mutharika.

The President also encouraged local businesses and the private sector to be innovative for them to compete favorably on the market.

“I would therefore like to challenge the private sector to be innovative, to diversify their portfolios, and become aggressive in producing value added products, for both the domestic, and foreign markets. We must produce; and promote what we produce,’’ added Mutharika.

The Buy Malawi Strategy is being driven by Ministry of Industry and Trade.  

 
MITC LAUNCHES TRADE PORTAL
Thursday, 19 November 2015 08:37

MITC  LAUNCHES TRADE INFORMATION PORTAL

The Malawi Investment Trade Centre and the National Statistics Office (NSO) yesterday (Tuesday) launched web-based information hubs NSO-run Trade Map and MITC-run Trade Information Portal hailed to improve trade intelligence for potential investors and traders.


Speaking during the double launch in Lilongwe, MITC Chief Executive Officer Clement Kumbemba said information on the hub and map was crucial for diversification of the economy by ensuring both foreign investors and local producers have access to vital trade information.


Kumbemba said the trade portal will also help policy makers to ensure policies that can improve trade prospects for the country. "This will enable policy-makers to make better informed trade related decisions. Malawi has been encountering challenges in collecting, packaging and disseminating trade information. This will improve accessibility and relevance of the information services by MITC," said Kumbemba.


Kumbemba said that MITC has dedicated a team to be regularly upgrading the Portal and also respond to queries raised by investors and traders seeking feedback.
The European Union with technical support from International Trade Centre (ITC) has been facilitating the development of the two web-based centres as part of the improved trade Statistics and Information System programme.


EU Head of Delegation Marchel Germann said Malawi's attempt to diversify the economy needs to be supported with initiatives such as the establishment of the information systems.


"This is an excellent time to reflect on the importance of trade data and intelligence but also on the need for reliable and robust trade data and information. The data will enable the major stakeholders who determine Malawi's economic activity to enhance the nation's export diversification and development efforts," said Germann.


He explained that 12 million Euros was invested in the two programmes specifically to improve growth and promote diversification of the economic base.
He said the EU is also supporting development of governance structures in the mining sector and improved sector investment in mining.


Germamn further urged the country to urgently diversify the economy; warning that continued over-reliance on tobacco, whose sales currently face a global anti-smoking lobby, puts the country's economic future at great risk.

 
MITC Trade Information Portal
Thursday, 12 November 2015 12:54
MITC TO LAUNCH TRADE INFORMATION PORTAL 
 
Malawi Investment and Trade Centre will launch the first ever Trade Information Portal. The MITC Trade Information Portal is a web-based platform that provides an authoritative “one-stop shop” of readily accessible trade information. 
 
Briefing members of the press in Lilongwe, Chief Executive Officer for MITC Mr. Clement Kumbemba said the Trade Information Portal has been purposefully designed to significantly reduce the financial and time cost that has for so long restricted trade between Malawian producers and the rest of the world.
 
“This Trade Information Portal reflects the commitment of MITC to build a robust, knowledge-based society through various modernization projects. I cannot begin to explain how much easier having this information available at the click of a button will make things, for us and our clients. It is a breakthrough for Malawian trade and will give us a competitive edge,” explained Kumbemba.
 
Kumbemba further said that MITC believes that improving trade information availability can improve trade flows in Malawi. 
The Trade Information Portal has been developed with assistance from the International Trade Centre-ITC.
 
 
Malawi to Participate in CBF & GAIS
Thursday, 12 November 2015 12:33

MITC COURTS BUSINESSES TO COMMONWEALTH BUSINESS FORUM AND GLOBAL AFRICAN INVESTMENT SUMMIT

Malawi Investment and Trade Centre, MITC has urged companies and business captains in Malawi to participate in the forth-coming Commonwealth Business Forum to be held in Malta from the 24th to the 26th of November 2015 and the Global African Investment Summit to be held in London, United Kingdom from the 1st to the 2nd of December 2015. The Forums convene Heads of Government, senior ministers, government delegates and the private sector to discuss business opportunities and policies.


According to Chief Executive Officer for MITC, Clement Kumbemba such forums provide a good opportunity for Malawian businesses to sell their projects to international audience.

"As MITC we are calling upon companies and individuals who have not yet made contact with us regarding participating in this year's Commonwealth Business Forum and the Global African Investment Summit to kindly do so. MITC will help you to market your project proposals to a global audience," explained Kumbemba.

The Global African Investment Summit will be attended by government and top business leaders from across the globe and will attract over 1000 qualified global investors.

The summit will include business seminars and business to business meetings. It will focus on a number of sectors which will include; Agriculture, Power, Financial Services, Capital Markets, Gas, Oil and Infrastructure.

 
Doing Business Ranking
Thursday, 29 October 2015 08:28

MALAWI IMPROVES ON DOING BUSINESS INDEX


Malawi has registered some improvements on the World Bank Doing Business Index for 2016. Malawi is now ranked position 141 from 164 out of the 189 global economies. This is according to the Doing Business 2016 Measuring Regulatory Quality and Efficiency report released on Tuesday, 27th October, 2015.
This is the first time in more than three years for Malawi to register positive movement on the doing business index. Malawi registered a score of 51.03 to move 23 places up the doing business ladder.


The positive movement is an indication of the fruits of the reforms that the Government is implementing. For the past months, the Government of Malawi has put in a number of reforms towards improving the ease of doing business such as reducing number of agents at the borders to facilitate smooth flow of goods, reducing number of days needed to register a company through the establishment of a One stop Service Centre at MITC as well as handling of business related cases.


Doing Business 2016 is the 13th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. The report provides quantitative indicators covering 11 areas of the business environment in 189 economies. The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.

 
OPIC to fund Malawi SMEs
Thursday, 08 October 2015 06:05

US$100 million to support Malawian SMEs-OPIC

Mutharika-UN-3-696x464

President Mutharika (right) during some of the side meetings in New York

The Overseas Private Investment Corporation-OPIC, a U.S. government's development finance institution, has assured Malawi that it will provide funds amounting to US$100 million to support SMEs in the country.

The CEO of OPIC Elizabeth L. Littlefield made the assurance in New York during a side event of the UN General Assembly, the US-Africa CEO Institutional and Investment Forum. According to Littlefield the US$100 million SME fund that OPIC promised during the recent Malawi Investment Forum is in its final stage of being rolled out.

The Africa Investor in partnership with Thomson Reuters organized a two days US-Africa CEO Institutional and Investment Forum on opening up Africa for more US Investment. The session was attended by more than 100 CEOs from mostly the United States of America with some from Africa.

The Malawi President, Professor Arthur Peter Mutharika was in attendance. In his speech, he wooed investors to come and invest in Africa and Malawi, in particular. He said Africa's economy is growing at a much faster rate compared to other regions of the world, hence a good destination for investment.

He cited various reforms that Africa is carrying out to make it more attractive with the most recent one being the signing of the tripartite free trade area between SADC, COMESA and the EAC. He reiterated the resolve by African leaders to deal with infrastructure development issues in a bit to reduce cost of doing business in Africa. He also sighted the peace reigning in many African countries as another major attraction.

Coming home, the State President was quick to point out that Malawi has embarked on several reforms with the view to creating a very conducive environment for investors among them, the legislative, regulatory and administrative ones. He cited the creation of the One Stop Service Centre at the Malawi Investment and Trade Centre, single window at our borders as some of the reforms. He called upon the investors to seriously consider investing in Malawi and assured them that Malawi is ready to receive and facilitate their investment in the most efficient manner.

 
UK Delegation
Friday, 28 August 2015 07:16
UK Investors to visit Malawi
 
A delegation of seventeen investors from the UK will be visiting Malawi from the 31st August to the 4th of September 2015 to explore investment opportunities that are available in the country. The visit is a follow up to the meetings which the investors had with Malawi’s Minister of Industry and Trade during his visit to London. 
 
During this mission, the Minister met with twenty-five companies which were interested in a number of sectors.  Out of the 25 companies who met with the Minister 17 delegates from 10 companies will be visiting Malawi from the 31st August to the 4th of September 2015, as a reciprocal mission to verify the opportunities that were discussed in London.  This visit will culminate in discussing their decisions to invest with His Excellency the State President Professor Arthur Peter Mutharika when he attends the Global African Investment Summit in December. 
 
Some of the companies that will form part of the delegations are: 
•A construction company called Dawnus, which is interested to finance and construct infrastructure projects, to a valued of US$80 million
•Aggreko Company that specializes in the provision of off-grid interim supply of electricity from either gas or diesel.  It has big investments in Mozambique with capacity of 350 megawatt from gas, in South Africa, Ghana and many other countries globally.
•Mott MacDonald a global management, engineering and development consultancy company that adds value for private and public clients.  It mostly undertakes pre-feasibility studies for both public and private projects leading to bankable feasibility studies.  
•PW Mining International a British owned company with head office in Ghana. It has diversified business interests ranging from civil works, mining, property development and airport handling.
•Well and Able company interested in residential and  property development
 
The delegation is expected to meet the Head of State before meeting sectoral line ministries and other Key stakeholders.
 
 
MITC half year performance
Wednesday, 12 August 2015 12:16

MITC records US$368,000,000 Investment Pledges in the first half of 2015  

…as it secures export orders of US$ 23,930,454

Malawi Investment and Trade Centre MITC has registered investment pledges worth US$368,000,000 within the first half of 2015. According to MITC’s Public Relations Manager, Deliby Chimbalu the investment pledges are from 41 companies that the institution has registered so far within the One Stop Service Centre setup.

“At the moment our records indicate that 41 companies have been issued with investment certificates since January this year. These companies have pledged investment projects worth US$ 368,435,487. This is an 8 percentage increase as compared to the same period last year where we had recorded investment pledges worth US$ 304,711,500 ’’ explained Chimbalu.

In terms of employment the registered companies have pledged to create jobs for about 6800 people. Again this is an increase from last year where the figure was 4897.

Chimbalu further said that this year Malawi is more likely to register more investment pledges as some investments worth over US$1 billion were secured during the recent Malawi Investment Forum.

On the trade side, The Malawi Investment and Trade Centre facilitated the participation of 10 Malawian companies at this year’s Zimbabwe International Trade Fair, which saw Malawian companies securing export orders of worth US$ 23,930,454 to the Zimbabwe market. MITC continues to obtain market intelligence, ensuring the obtaining of sufficient information about particular export markets to benefit local exporters.

 
Invitation to Express Interest in Consultancy Services
Saturday, 08 August 2015 17:11

 

INVITATION TO EXPRESS INTEREST IN CONSULTANCY SERVICES
 
Procurement Reference number: MITC/PU/AP-SEZ

The Malawi Investment and Trade Centre (MITC) has received funds from Enhanced Integrated Framework (EIF) Trust Funds and intends to apply part of the proceeds of these funds towards the cost of development of an Agro-Processing Special Economic Zone (AP-SEZ) in Malawi. MITC now invites suitably qualified local and international bidders (Firms) to submit sealed Expressions of Interest (EOI) for conducting a feasibility study and develop a comprehensive and robust roadmap as well as a comprehensive step-by-step implantation plan for the development of an AP-SEZ in Malawi.

Background

MITC, a parastatal (Statutory Corporation) under the Ministry of Industry and Trade has planned to develop an Agro-Processing Special Economic Zone (AP-SEZ) in order to support the promotion of commercial farming for priority National Export Strategy (NES) crops. MITC hence intends to engage a Consulting Firm to conduct a feasibility study for the development of an AP-SEZ in Malawi.

Location

Malawi Investment and Trade Centre, Aquarius House, Lilongwe, Malawi.

Period of Assignment

70 working days spread within a maximum of 4 calendar months from the date of contract award.

Capability and Experience

  1. A profile of the firm, its organisation and staffing; and in the case of associations between two or more firms, or the name, address and profile of the participating firm(s), and the lead firm must be clearly identified

  2. Details of experience on similar assignments undertaken in the previous five (5) years, including their locations, focus on the firm’s role in similar assignments in the region or elsewhere

  3. Curriculum vitae of staff who could be available to work on the assignment

  4. The team shall comprise:-

    1. The following experts: Team Leader (Development Economics, Development Finance, Development Studies or Business Administration); AP-SEZ Specialist (Civil Engineering, Agricultural Engineering, Corporate Finance, Management Sciences) , Economist/Market Analyst (Economics, Industrial Economics, Development Microeconomics), Lawyer (Commercial Law), Gender & Community Specialist (Sociology, Development Studies, Community Development), Engineering Company (Civil Engineering) and ISO/Standards Specialist (Relevant Natural Sciences)

    2. All these experts must have advanced university degrees with terminal degrees being preferred. For the lawyer however, an LLB (Honours Degree) will be the minimum.

    3. All experts must have at least 10 years relevant experience

    4. The engineering company shall be subcontracted

    5. The Gender & Community Specialist and the Lawyer shall strictly be national experts.

 

Short-listed Consulting Firms will be invited to submit proposals.

Expressions of interest will be evaluated in accordance with the Public Procurement Act of 2003. Participation is open to all eligible bidders.

Interested eligible bidders may submit expressions of interest to Malawi Investment and Trade Centre includingan original copy and 2 copies of the EOI.

Expressions of Interest must be delivered to the address below from 8th August, 2015 and the deadline for submission is Monday, 24thAugust, 2015 at 14:00 hours CAT. Late submissions shall be rejected.

Attention: The Internal Procurement Committee Chairperson

Malawi Investment and Trade Centre

Aquarius House, First Floor, Eastern Wing,

Private Bag 302, Lilongwe 3, Malawi

 

Or through This e-mail address is being protected from spambots. You need JavaScript enabled to view it in PDF format.

Tel: (265) 01 771 315