Malawi Investment and Trade Centre (MITC) says it plans to scale up the minimum capital requirement for investment registration from the current $50 000 (about K37 million) to as higher as $250 000 (K185 million) and $500 000 (K 370 million) as a way of attracting quality FDI in the country.

MITC Chief Executive Officer, Clement Kumbemba says the Centre has already made proposals to revise upwards the current investment thresholds and what is remaining now is to gazette the proposed changes.

He further says that the minimum current threshold focuses on all the sectors but the new rates will be applied on different sectors.
"Threshold for capital requirements will now depend on sector, but they will be quiet hefty and will be as high as $250 000 (K185 million) and $500 000 (K 370 million) depending on the sectors."

There have been calls from different stakeholders requesting government to consider revising the minimum capital requirement for investment especially for foreign investors as one way of protecting small and medium enterprises.