The Malawi Investment and Trade Centre (MITC) says it has identified export markets for Malawian Products worth &547 million (about K397 billion). In a statement made available to Business News, MITC Public Relations Manager Deliby Chimbalu said the markets are mostly for agroculturral products such as soya beans, groundnuts, rice, beans sunflower and poultry.
The Markets include China ($141.7 milllion), Zambia ($11 million), Zimbabwe ($76.7 million), Tanzania ($510.6 million), South Africa ($100 million), Mozambique ($1 million), and Egypt ($200 million) while the Malawi Investment Forum (MIF) 2018 fetched $16 million in investment pledges. She said there is still demand for some manufcactured products like soya pieces, sunflower cake, plastic products, peanut butter, tea, coffee, cotton cake and beverages.
Said Chimbalu "Last year we rolled out an export pomotion campaign where we organized several trade missions to different countries with an aim of identifying markets for our products."
"Some of the countries visited include Mozambique, Zambia, Tanzania, Zimbabwe, South Africa, Egypt, and China. We are happy that these missions have exposed our Malawian producers and manufacturers to market oportunities beyond the borders of Malawi".
Meanwhile, MITC is calling on all export ready companies to take advantage of the explored market opportunities.
Source: The Nation Newspaper