17 UK investors in town

  Prospective British investors arrived in Malawi yesterday on a five-day scheduled investment mission. The investors, 17 in total, are on a follow-up mission to the meetings they had with Minister of Industry and Trade Joseph Mwanamvekha in London last July ahead of the Global African Investment Summit scheduled for December 1 and 2 2015.…

PTC acquires Spar franchise, seeks govt support

People’s Trading Centre (PTC), a subsidiary of dual-listed conglomerate Press Corporation Limited (PCL), on Friday opened a Spar-branded shop in Lilongwe, following PCL’s acquisition of the South African retail chain franchise. PCL group chief executive officer Matthews Chikaonda assured that the Spar franchise will succeed this time around after poor business performance that necessitated its…

High prospects from visiting UK investors

  The Malawi Investment and Trade Centre (Mitc) says it will host a delegation of 17 United Kingdom (UK) investors who are scheduled to visit Malawi from August 31 to September 4. Mitc chief executive officer, Clement Kumbemba, addressing journalists ahead of the visit in Lilongwe Tuesday, said the investors will prospect various potential investment…

Malawi extremely resource rich—survey

  Government on Thursday launched the nationwide high resolution airborne geographical survey data in Lilongwe, which has revealed that the country is sitting on ‘extremely’ vast reservoir of minerals. The launch follows an airborne geophysical survey involving magnetic, radiometric and gravity methods which was conducted between September 2013 and August 2014. The launch of the…

Entertainers touts  Salima concert

Livingstonia Beach in Salima, which is expected to host Sound and Light concert organised by Entertainers Promotion will be turned into a paradise, is a key message coming from Mr. Entertainer Jai Banda. The show, slated for September 5 and 6, promises nonstop entertainment and brings together the Chileka-based reggae outfit Black Missionaries Band, Antony…

EU quota abolition to hurt Malawi

Government and the Sugarcane Growers Association of Malawi have separately expressed concern over uncertainty of Malawi’s sugar market in the European Union (EU), which plans to scrap off sugar quotas come 2017. The planned arrangement means that Malawi, alongside other sugar producing countries, will lose a significant portion of their export market in 2017 when…

Mining sector tax burden to investors—Report

Taxes imposed on mining companies in the country are overburdening investors in the sector, an analysis conducted by the Centre for Environmental Policy and Advocacy (Cepa) has revealed. Cepa’s assessment of mining policy implementation in Malawi, whose findings are set for dissemination next week, also reveals that some specific fiscal and investment incentives in the…

NCIC unveils Construction Policy

The National Construction Industry Council (NCIC) has rolled out the much-awaited Construction Policy that is set to foster economic growth and international competitiveness as opposed to the past. The policy comes at a time the local construction sector has been facing challenges that have led to its slow growth. NCIC chief executive officer Linda Phiri,…