02:39 am - Wednesday 21 November 2018

Investors encouraged to invest in Agriculture

By Amalawi - Mon Aug 05, 10:14 pm

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Lilongwe, August 5: The Malawi Investment and Trade Centre (MITC) has called upon all investors to come forward and invest in Malawi’s Agricultural sector as it is attractive and worth investing in.

MITS’s Investment Promotion and Services Director Joshua Nthakomwa said Malawi’s agriculture sector is very attractive for investment.

“Malawi’s agricultural sector is attractive because of its abundant water supplies, good agro-ecological conditions and arable land which could be leveraged by investors in commercial agricultural projects,” said Nthakomwa.

Nthakomwa further emphasised that Malawi’s abundant water supplies provide irrigation possibilities that could increase production capacity.

Malawi possesses vast bodies of water that cover at least 21 per cent of the country’s total land area including major lakes like Malawi, Chirwa and Malombe.

Nthakomwa added in recognizing the importance of agriculture to the economy, the Government of Malawi has created unified strategies to usher
investment into priority clusters like the Economic Recovery Plan (ERP), the National Export Strategy (NES)
and the Agricultural Sector Wide Approach (ASWAP) which are all good for investors in agricultural produce.

He added Malawi is also in a better position to supply its products and services to the local, regional and global markets.

Tea Estates in Thyolo

Tea Estates in Thyolo

“Malawi already has established trade relationships with some European Union (EU) and Asian countries that could be leveraged by investors to supply the global market.
Malawi’s SADC membership and geographical positioning as a ‘land-linked’ country provides a good opportunity for investors seeking to supply to the regional market,” he said.

Nthakomwa further said as a participant to bilateral trade agreements with South Africa and Mozambique, Malawi is well positioned to help feed growing food consumption in these two countries.

MITC is a body that encourages investors to come and invest in Malawi. It was formed in 2012 through the merger of Malawi Investment Promotion Agency (MIPA) and the
Malawi Export Promotion Council (MEPC) to act as the single interface for foreign and local investors and traders seeking to invest and trade in Malawi.

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