Maravi

(NYASATIMES) ‘Doing business in Malawi’ – US investors beckoned at breakfast forum

‘Doing business in Malawi’ – US investors beckoned at breakfast forum
By Nyasa Times
Published: October 3, 2009

The Malawi Ministry of Industry and Trade and the Embassy of Malawi in Washington D.C. held a “Doing Business in Malawi” forum in Washington D.C. on September 30 at the Washington Renaissance Hotel alongside the 7th biennial Corporate Council on Africa US-Africa Summit.

Ambassador of Malawi to the United States, Hawa Ndilowe urged the business community in US to invest in Malawi, pointing out that a conducive business climate has been created.

Ambassador Ndilowe emphasised that Malawi is a safe country, respects the rule of law and investors would enjoy high rates of return on their investment in peaceful nation.

Malawi’s Trade and Industry Minister Eunice Kazembe (pictured) led a delegation of about 13 people from Malawi.

Kazembe reached out to the American business firms by stating clearly that “Malawi is ready and open for business.”

The Minister invited the U.S. Business community to visit Malawi and take advantage of the various incentives for business operators in the southern African country.

She informed U.S. Business firms that the construction of the Nsanje port was underway and that soon Malawi will have access to the Indian Ocean through Mozambique.

The port would also service other surrounding countries and reduce transportation costs in Malawi by up to 60%.

She urged U.S. business firms to seriously look at the various projects in Malawi in the areas of tourism, agriculture, transport, energy and other sectors.

The breakfast meeting attracted about 80 U.S business entities and a number of high profile dignitaries such as the influential democrat -Congresswoman Diane Watson representing California’s 33rd District.

In her remarks at the breakfast the congresswoman appealed to the U.S. business community to consider doing business in Malawi because of its notable achievements in the last five years.

The congresswoman stated that Malawi is one of the shining examples in Africa having been able to achieve food security and feed surrounding countries.

She urged the business community to look at the various investment projects in Malawi and invest in a peaceful, stable country which has been rated the second safest country in Africa after Botswana and the fourth fastest growing economy in the world in 2009.

Congresswoman Diane Watson stated that she was proud to have a President such as Ballack Obama a true son of Africa and that the U.S. and Africa will work together in partnership to assist Africa meet its development goals.

Labels: INVESTMENT, MALAWI

posted by MrK @ 5:04 PM