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 opportunities in Malawi.

Kumbemba: The visit is a follow up
Kumbemba: The visit is a follow up

Said Kumbemba: “The visit is a follow up to the meetings which the investors had with the Minister of Industry and Trade, Joseph Mwnamvekha, in London last year.”

He said the 17 delegates are from 10 of the 25 companies that met with the minister. They will verify the opportunities that were discussed in London.

Kumbemba said a construction company, Dawnus, is interested in financing and constructing infrastructure projects worth $80 million (over K40 billion), and that Aggreko, a firm specialising in providing off-grid interim electricity supply from either gas or diesel, has shown interest to extend its footprint in Malawi.

Other companies that will form the delegation include Mott MacDonald, a global management, engineering and development consultancy company; PW Mining International, a British-owned firm that has diversified business interests, and Well and Able Company which is interested in residential and property development.

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