Representatives of 17 British companies in Malawi
British High Commissioner to Malawi has commended government for inviting a number of British-based companies whose representatives arrived in the country yesterday.
According to the press statement made available to Radio Islam, Malawi government had invited British-based companies to view for themselves the potential for trade and investment in the country.
In a statement British High Commissioner, Michael Nevin, said the initiative will boost Malawi’s economy.
Nevin said the development reflects the effort by Professor Peter Arthur Mutharika’s government to gradually move the country to a trade and investment footing.
“My office also has objectives to increase trade and investment between the two countries as part of our prosperity agenda,” said Nevin.
The British High Commissioner said British companies have a strong reputation for quality, innovation and integrity which he believes will be of great benefit to Malawi’s economic development.
Nevin also said he believes that there is more that can be done to raise the profile of the opportunities in Malawi and for increased trade with UK companies too.
He however said it is high time Malawi put in place right policy frameworks which ensure benefit to the country and reduce poverty through commercial agreements and also internationally competitive and attractive to the private sector.
Nevin therefore encouraged the public, civil society and the media to see the benefits of trade and investment to their and Malawi’s economic future.
Malawi government through Malawi Investment and Trade Centre organised a two day first ever Malawi Investment Forum where it registered over 1 billion Us Dollars trade deals.