Britain has identified Malawi as a priority investment market, as revealed by British High Commission Charge d’Affaires Gary Leslie.  

Leslie said that a board of investment experts in London highlighted some African countries, of which Malawi is one of the beneficiaries a priority markets. “I was delighted when Malawi was chosen as a priority market.” exclaimed Leslie. Following the consideration, Malawi has been invited to attend the UK-African Investment Summit in January 2020 in London. The summit is a platform that brings together businesses, governments and international institutions to showcase and promote the quality of investment opportunities across Africa. “I hope that there will be high level places from Malawi to facilitate dialogue which will help attract significant investments into the Malawi economy.”

Commenting on the development, the Malawi Investment and Trade Centre (Mitc) chief executive officer Clement Kumbemba said the investment summit is an opportunity for Malawi to sell investment projects to Britain based on priority areas outlined in the Malawi Growth and Development Strategy III and Mitc Act.

On the other hand, in January this year, an analysis by the International Monetary Fund (IMF) found that Malawi has stronger institutions than her surrounding countries, when it comes to infrastructure financing and budget for investment, but other measures of public investment are ‘relatively poor’. The assessment report said that the gap between planned and executed capital spending is higher than neighboring countries, excluding Zimbabwe.