BUSINESS AND INVESTMENT ENVIRONMENT

Malawi has undergone a social and political transformation in recent years which has created a new optimism within the country. It is now poised to capitalise on its comparative advantage through greater cooperation with private sector investors. Foreign investment is welcome and inward transfers of capital are not restricted. The Government plans to liberalise capital flows further and the few remaining restrictions on payment for current account international transactions were lifted in February 1995. There are no restrictions on the transfer of dividends, licence fees and profits by foreign owned companies. To promote domestic and foreign investment in export-oriented manufacturing, the Malawi Government has liberalised regulations over the past 10 years. The Investment Promotion Act of 1981 cut out the need for general investment licenses for investment and the Malawi Investment Promotion Agency facilitates the entire process. MIPA is an investment promotion body whose board of directors is made up of representatives from the private sector, parastatal sector and government. It is responsible for promoting, attracting and encouraging local and foreign investment in Malawi. The services MIPA provides to investors include:

• Facilitating all aspects of the investment process in Malawi
• Providing courtesy services to investors
• Furnishing information related to investment in Malawi
• Identifying partners in or outside Malawi for joint venture business opportunities
• Working with local and international financial institutions for the benefit of investors, and
• Consulting with private sector organisations so that better informed recommendations concerning the investment climate can be made.

For more information on Investing in Malawi please click here

MALAWI TRADE CONTACTS

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