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Malawian Companies Invited to Mozambican Trade Fair

The Investment and Export Promotion Agency of Mozambique (APIEX) will hold the 54th Edition of the Mozambique International Trade Fair(FACIM) to be held in Maputo from the 27th August to 2nd September 2018., under the theme “Mozambique and the World: Broadening the market, promoting investment and fostering partnerships”.

 

APIEX is therefore inviting Malawian companies to participate in the fair which will bring together various players from all sectors of the economy in Mozambique and abroad.

According to an invitation sent by the Malawian High Commission in Mozambique, the 2017 fair attracted 2000 exhibitors from Mozambique and foreign countries.

The invitation reads:” The mission believes that this will be a great opportunity for Malawian businesses to showcase their products and services to Mozambique and the world at large, and therefore wishes to appeal to the stakeholders in Malawi to lobby Malawi’s participation to this very important event,”

 The invitation letter further said the mission together with the Consulate in Tete will facilitate an Investment Forum on the sidelines of the FACIM.

 The forum is expected to be attended by the Minister of Industry, Trade and Tourism, Malawi Investment and Trade Centre, Malawi Confederation of Chambers of Commerce and Industry, Export Development Fund and other stakeholders that will be key in the lobbying efforts to promote opportunities in Malawi.

For more details visit: www.facim.gov.mz

 

 

 

 

How to become MCCCI member

 

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) is a membership based business Association committed to the promotion of trade, commerce and industrial development in Malawi. Its membership is voluntary and open to all businesses from all sectors of the economy; small to medium enterprises and large-sized corporates.

BENEFITS OF MCCCI MEMBERSHIP

  • MCCCI members play an active role in the formulation of economic and social policies for the benefit of businesses.
  • Members contribute to shaping the business environment by participating in lobbying and advocacy.

MCCCI membership is annual running from 1st January to 31st December every year. At the end of each year, you are encouraged to renew your membership. The annual subscription fee is paid in advance by the 1st day of January in each and every year.

MCCCI FUNCTIONS

• Identification and analysis of legislation, policies, regulations and other measures for the growth of businesses.

• Collection and publishing of information with respect to business

• Provision of advice to members on matters related to business

• Representation of members at trade conferences and business meetings.

• Arbitrate where essentially commercial matters are in dispute.

HOW TO BECOME A MEMBER

Visit any of our regional offices in Blantyre, Lilongwe or Mzuzu to get an application form or download the application form from www.mccci.org

Fill your application form and send it to MCCCI with an application fee of MK2,500 if you are a new member.

Pay in full your desired category’s subscription fee to our designated officers and a receipt will be issued upon your payment.

You are now a full member of MCCCI.

Enjoy the benefits outlined for your category.

Lilongwe Trade Fair

The Malawi Confederation of Chambers of Commerce and indusrty will hold the Lilongwe Trade Fair from 26-31 july at the Gateway Mall in Lilongwe. The trade show is a continuation of the Malawi International Trade Fair hence adopting the theme Industrialisation: Basis for Trade competitiveness. Register to participate:  email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or This e-mail address is being protected from spambots. You need JavaScript enabled to view it   

Malawi Economic Outlook

  1. Malawi revised economic growth estimate for 2017 is at 5.1 percent.
  2. Growth forecasts for 2018 remain at 4 percent on account of good macroeconomic performance (tight monetary policy).
  3. Inflation rates is on the downward trend and now stands at 7.8 percent (February).
  4. Forecasts for real growth rates as expenditure on GDP for 2018 and 2019 according to Economist Intelligence Unit:

          Private consumption:                     5.3 % in 2018 and 5.1 % in 2019-slow down

          Government consumption:         3.0 % in 2018 and 3.8 % in 2019-increase

          Gross Capital Investment:            3.1 % in 2018 and 1.6 % in 2019- slow down

          Exports of goods and services:   4.6 % in 2018 and 4.4 % in 2019 -slow down

          Import of goods and services:    5.1 % in 2018 and 4.1 % in 2019- slow down

Global Economic Outlook (IMF Outlook January 2018)


Global output is estimated at 3.7 percent in 2017, which is 0.1 percentage point faster than projected. The pickup in growth has been broad based, with notable upside surprises in Europe and Asia during to increased manufacturing (i.e, Smartphones)
Global growth forecasts for 2018 and 2019 have been revised upward by 0.2 percentage point to 3.9 percent. The revision reflects increased global growth momentum and the expected impact of the recently approved U.S. tax policy changes(USA have reduced their corporate income taxes from 35 % to 21%).
The growth pickup in Sub-Saharan Africa (from 2.7 percent in 2017 to 3.3 percent in 2018 and 3.5 percent in 2019) is broadly as anticipated, with a modest upgrade to the growth forecast for Nigeria (oil output)
There is more subdued growth prospects in South Africa, where growth is now expected to remain below 1 percent in 2018–19, as increased political uncertainty weighs on confidence and investment.
Growth in World Trade is expected to slow down from 4.6 percent in 2017 to 4.3 percent in 2018 and 4.0 percent in 2019

Malawi-Tanzania joint Investment forum

A Joint Permanent Commission for Cooperation (JPCC) between the Governments of Malawi and Tanzania which was held in Lilongwe in February, 2017 agreed that Malawi and Tanzania should be patronizing each other's trade and investment fairs and forums, and should hold joint trade and investment forums as a way of promoting trade, investment and information sharing between the two countries.

In view of this, Tanzania will be hosting the first trade and investment Forum which will be held at Mkapa Conference Center in Mbeya on 26th and 27th July, 2018. The Forum will focus on business and policy discussions around the following sectors:
• Trade & Industry
• Tourism
• Agriculture
• Fisheries
• Transportation
• Mining
• Finance & Banking
• Education
• Health
• Information Communication (ICT)

The private sector in Malawi is invited to patronize this Forum. You may register your interest by emailing your full name, contact details including email and your professional/business designation (nature of business). Please email your interest to the following address: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or contact Dominic Chanyenga on 0999 228 498 if you require more information.

President Mutharika optimistic to end electricity challenges

President Peter Mutharika has said that Malawi is a land of great opportunities and possibilities and a land of untapped investment potential.
Speaking during the official opening of the Malawi Investment Forum in Lilongwe on June 11, the president likened Malawi with an island whose inhabitants did not wear shoes but a shoe making company saw a great market potential in that island.
He said: "Malawi is the African paradox of a rich country with poor people. Malawi is a small but great country. Where many see poverty, we see potential riches. Where others see challenges, we see opportunities."
He further said that Malawi is spearheading the investment drive within the Pan-African spirit of promoting private sector development and trade integration.
"I am most delighted that Malawi is hosting this investment forum at the time when Africa is remembering herself from years of economic disintegration. We are re-integrating our policies and rebuilding our bonds of doing business as a continent." Mutharika said.
The president said his government's goal is to have a smaller government and a bigger private sector. "We have undertaken aggressive reforms and ensured that we have a legal environment that protects investments. As a result of our reforms, we have drastically reduced the cost of doing business."
Adding that Malawi is ranked the third topmost reformer in Africa. "We are the 110th in the World in the latest Ease of Doing Business report by the World Bank."
The President said his government has lined up projects that will double the current power supply of 360MW to 720MW by 2020 and generate 1,000MW by 2023. He envisaged that the country will be generating 2,000 megawatts within 10 years.

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Malawi Investment Forum starts Monday

 

Investors from 29 countries across the globe meet in Lilongwe Monday to discuss possible investment deals during the third Malawi Investment Forum (MIF).
President Peter Mutharika is expected to open the two-day gathering.
According to Trade and Industry authorities, there are 24 bankable projects to be discussed under the Public-Private Partnership arrangement and 18 private sector projects to be marketed during the two-day forum.
They further indicated that 70 local Small and Medium Enterprises (SMEs) will be given an opportunity to exhibit their products at the event in a quest to help them find international markets for their products.
The African Union (AU) has since tipped Malawi to take the MIF as an opportunity to enhance regional integration through private sector empowerment.

 


 

Japanese Ambassador promises to mobilize Japanese businesses

The Japanese Ambassador to Malawi Kae Yanagisawa paid her maiden visit to the Malawi International Trade Fair which ended on 3rd June 2018. Adressing members of the press after her visit she said she was impressed with the exhbitions.

She said: "It is not only the private sector exhbiting but also public instutitions such as government departments as well as international exhibitors," Adding that the embassy will mobilize companies from Japan to participate in future trade fairs in Malawi.

She further said her country will continue supporting Malawi especially in the Agriculture sector.

She said that her country have programmes in place aiming at connecting Japanese businesses with Malawian businesses to promote trade between business people of the two countries.

japanese

President Mutharika cuts ribbon to officially open the 30th Malawi International Trade Fair

President Peter Mutharika on May 24, 2018 opened the 30th Malawi international Trade Fair in Blantyre with a call to industries to be on the producing end and not on the receiveing end.

He said indusrtial growth can only happen within a growing economy."We can only grow competitive industries when our economies are on the producing end and not on the receiving end,"

Mutharika said the first step his government has taken is to stabililize the economy.

He said: "We have reduced inflation to the single digit and made prices more stable and predicatble. We have kept our local currency stable and business planning more possible. We have reduced interest rates to make businesses access capital from banks more easily. We have taken our forex reserves to the highest levels to enable business trade internationally with ease,"

Adding that his government's mission is to create a productive economy where citizens participate in growing the economy hence nurturing the private sectro.

"These are times to showcase the pride of our industry” referring to the trade fair adding that he was impressed with the participation of Small and Medium Enterprises as well as International exhibitors.

“What I have seen today says one thing. From our small efforts, we can do great things for our countries. We can be ordinary men and women doing extraordinary things,” He said.

Commenting on the theme: Industrialisation: Basis for Trade Competitiveness, The president said African countries cannot progress and break out of the poverty cycle if they do not industrialise.

“Investing in industrialization is one of the best ways of supporting the private sector. The industry is the heartbeat of the private sector," He said

President Mutharika

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