• June 25, 2022 10:27 pm

Malawi/ Zimbabwe holds high profile business interface

By Malawi Exclusive

Senior Government and Business officials from Malawi and Zimbabwe on Friday held high level Business interface in the Capital City Lilongwe where the two sides discussed on possible measures on reducing trade barriers and as well as promote trade between two sides.

These officials include CEO Africa Round Table, a high-level platform for Corporate Chief Executive Officers and Senior Executives, who converged with support of Malawi Investment and Trade Centre (MITC) and Wealth Magazine Malawi.

Opening the Indaba Minister of Transport Jacob Hara on behalf of Minister of Trade and Industry Mark Katsonga Phiri said Malawi is greatly willing to in ensuring promoting conducive environment for the business sector.

He said currently, Malawi’s vision is guided by Malawi 2063 whose target is for Malawi to become an inclusively wealthy and self reliant industrialized upper-middle-income country by 2063.

He said this will be achieved through agriculture productivity and Commercialisation, industrialization and urbanization.

“As such, distinguished ladies and gentlemen, the Government has been undertaking business reforms to ensure that the business environment is conducive for investment and
trade. One such reform is the
institutionalization of a One-Stop-Services Centre in the Malawi Investment and Trade Centre (MITC) to support investors with business registration, business permits and licensing, access to land, access to incentives and many other services that facilitate business establishments. I, therefore, wish to invite distinguished investors and commodity buyers from Zimbabwe to come and invest and trade in Malawi. Other investment opportunities are in large-scale farming, food processing, fertilizer manufacturing, textiles manufacturing, power generation, mining, information and communication technology, tourism, housing and real estate and infrastructural development.”

Delegates at the Business interface

Hara said he was honoured to
welcome brothers and sisters from Zimbabwe who are here to explore investment and trade opportunities in Malawi.

He said Malawi share a long history of cordial relations and have made strides in economic cooperation in order to promote trade and investment between the two countries.

“We have a Joint Permanent Commission of Cooperation and signed a bilateral trade agreement to strengthen our relationship ties and explore areas for cooperation.” He said.

Hara stressed the importance of the meeting saying it’s good development towards the mutual economic cooperation between two countries.

In his speech the Deputy Minister for Industry and Commerce, Zimbabwe, Honorable Rajeshakumart Modi
who was accompanied by Ambassador of the Zimbabwe Diplomatic Missions to Malawi, Dr. Nancy Saungweme, thanked Malawi Government for this strong interface.

He said in line with MITC’s mandate of promoting and facilitating investments and trade in Malawi and in line with the Malawi 2063, the meeting was an opportunity to strengthen economic relations with Zimbabwe and also promote the actualisation of Malawi 2063 through investments and trade that can be generated through this business mission.

“I would therefore like to thank the private sector that is here with us this morning. This is your opportunity to explore business partnerships with the Zimbabwe delegation. MITC is here to provide any support that you may require in order to actualize deals and partnerships that will be generated from this forum. Please note that the delegation is here up to tomorrow, so you are free to arrange meetings with them at your convenient times.”

He also thanked the Ministry of Trade and Industry for continued to support in promoting and facilitating trade and investments.

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