MW’s 16 companies to attend UK-Africa investment summit

Written by  Chimbizga Msimuko in London

Up to 16 Malawian companies will attend this year’s UK-African investment summit slated for January 20 in London, the Malawi Investment and Trade Center (MITC) says.

Kumbemba: Malawian companies seek to attract investment. Kumbemba: Malawian companies seek to attract investment.

Speaking to MBC in London, Chief Executive Officer for MITC , Clement Kumbemba said out of the 16, ten are from the private while six are public entities.


"The presence of these companies at the summit is a milestone because these are the entities with bankable projects hence the optimism that Malawi shall immensely benefit from the forum which will be graced by the Malawi leader, His Excellency Professor Arthur Peter Mutharika," said Kumbemba.


Among the companies from the private sector are Press Corporation and Nyama World, while Electricity Generation Company (EGENCO) and Lilongwe Water Board are among those from the public sector.


Commenting on the importance of the summit with regard the presence of the President, Malawi's Minister of Foreign Affairs and International Cooperation, Francis Kasaila said this complements the President's ideals of wealth and job creation as ably spearheaded by his government.


"His Excellency the President remains committed to creating wealth and jobs especially for the youth hence his presence at the UK-Africa Investment summit here in London will be a great achievement. It is expected that our President will consolidate his initiatives by meeting with other global leaders on the same," the minister explained.


The UK-Africa Investment summit has been convened by the British Prime Minister Boris Johnson to strengthen partnerships with Africa countries and subsequently build a prosperous future for the peoples from of Africa and the United Kingdom.


Mutharika is expected to leave Malawi on Friday for the summit.

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