Standard Bank courts SA investors
Standard Bank is this Wednesday hosting a round-table forum at the South African High Commission’s residence in Lilongwe to promote Malawi as an investment destination for South African businesses.
The bank’s head of marketing Linda Kachingwe said the discussion follows a similar one that the bank hosted in New York for US investors in September where President Joyce Banda was also in attendance.
“This is an ongoing effort by the bank to attract foreign direct investment into Malawi. Standard Bank believes that this country offers great investment potential and is keen to take a leading role in helping promote economic growth through FDI,†she said.
Kachingwe-Sisya said during the forum, Standard Bank managing director Charles Mudiwa will give the investors an insight into the Malawi business environment and provide appropriate investment advice.
She said the SA High Commission will take the forum as an opportunity to brief the investors on how they can maximise from the commission’s trade and economic facilitation efforts between Malawi and South Africa.
South Africa is Malawi’s largest bilateral trade partner in Africa and a key destination for Malawi’s exports. A number of South African companies and franchisers are operating in Malawi and notable ones include Shoprite, Game, Steers, KFC and Mr Price.
