Malawi, the warm heart of Africa

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  • 13 décembre 2023

Malawi, the warm heart of Africa

MALAWI:  The Warm Heart of Africa

On December 13, in partnership with the Monaco Economic Board (MEB), CEMA organized an online presentation of investment and development opportunities in Malawi, with top-quality speakers including :

H.E. Dr. Naomi NGWIRA

Ambassador of Malawi to Belgium, France, Monaco, Italy, Holland, Luxembourg and the European Union.

Mr. Chancy Mkandawire 

Economic Analyst, Malawi Chamber of Commerce and Industry.

Mr Paul Kwengwere

CEO Malawi Investment and Trade Centre

Mr Richard Chiputula

Deputy Ambassador , Head of Mission of the Government of Malawi.

They were interviewed by Mr Frédéric GEERTS, President of CEMA, Mr Guillaune ROSE, Director General of MEB, and Mr Justin HIGHMAN, Deputy Director General of MEB.

With a population of 20 million, the country's economy is set to grow by 0.9% by 2022, and is essentially based on agriculture (23% of GDP), with strong exports of tobacco, tea, coffee and sugar. New crops are being developed: vegetables, macadamia nuts and oilseeds. Investment opportunities lie not only in agriculture, but also in tourism, mining, energy and manufacturing.

The country has been industrializing and urbanizing for over 10 years, but Malawi Vision 2063 aims to make it a leader in environmental preservation. It's a regulated country, and many economic processes are automated (company formation, residence permits, tax declarations....).

The main reasons for investing in Malawi: low political risk, a smooth investment process, a constantly developing business environment, an active regional market, easy access to international markets, low labor costs, a focus on the environment and sustainable development, and last but not least, a very broad investment field.