Malawi Investment and Trade Centre (MITC) will take advantage of the Malawi Business Day to engage potential investors in South Africa. This has been revealed by MITC Public Relations Manager, Deliby Chimbalu, who said that the event was an ideal platform for addressing investment opportunities in Malawi and attract foreign direct investment.
“This is a good platform to market the opportunities that are available in Malawi for both investment and trade. It is also an event that will foster establishment of business networks, sharing of information as well as identification of possible joint venture partners,” Chimbalu said.
The Malawi Consulate in Johannesburg has organised the event in conjunction with the Johannesburg Chamber of Commerce and Industry. On the other hand, South Africa was earlier spotted as a destination that Malawi will export various services and products to. 5 South African distributors namely Kalaizi Pty, Surplus Grain Traders, Setsong Summer Trading, Polaris Group and Giants Canning CC. Chimbalu said there is a huge potential for Malawian products in South Africa as some of the distributors in that country have already been importing and stocking products from Malawi.