Commonwealth Business Council to visit Malawi

The delegation will be interested to venture into bankable projects in the sectors of agriculture and agro-processing; banking and capital markets; transportation and core infrastructure; information and communication technology (ICT); mining and energy; and tourism and aviation.

The ministry has been calling on all business persons and firms in Malawi who have bankable projects to register with it or the Malawi Confederation of Chambers of Commerce and Industry five days before the arrival of the delegation.

Mwaungulu explained that bankable projects should preferably be worth US$10m or more although, those above US$5m could also be considered if they are very good.

Finance minster, Goodall Gondwe, attributed the interest shown by investors to sound economic management under the President Dr. Bingu wa Mutharika government since he came into power in 2004.

President Mutharika echoed this during the 44th independence anniversary celebrations in Malawi on Sunday where he acknowledged that the country's economic growth has experienced a complete turnaround.

“The country's growth rates have increased from an average of 1,5% between 2001 and 2005 to an average of 8% over the last two years,” said Mutharika.