Malawi Launches 6th Cycle Survey on Foreign Private Capital & Investors’ Perceptions 2013.
Malawi is among MEFMI’s pioneers in Monitoring Foreign Private Capital (FPC) and tracking investors’ perceptions on business environment. The country has so far undertaken five survey cycles since 2000. The surveys are jointly conducted by the Malawi National Statistics Office (NSO), Reserve Bank of Malawi (RBM) and Malawi Investment and Trade Centre (MITC).
Ministries of Finance and Economic Planning and Development provide oversight on the survey process analysis of findings.
As part of evidenced-based investment promotion and sensitization campaign, Malawi organized a workshop on 26 August 2013 in Blantyre to disseminate results of the 5th Cycle of Foreign Private Capital and Investors’ Perceptions (FPC & IP) Survey 2011 as well as launch the 2013 Survey. The event was jointly funded by the Government of Malawi and Germany Society for International Cooperation (GIZ). MEFMI attended the event as an observer and collaborating partner.
The occasion which attracted over 60% of stakeholders from private sector was officially opened by Honourable Ralph Pachalo Jooma, Minister of Economic Planning and Development, Malawi. In his opening remarks Honourable Jooma applauded Malawi’s private sector community for a strong cooperation with the Government. He further pointed that attracting foreign investment to Malawi is a top on the country’s development agenda and the Government is committed to sustain conducive business environment. In his concluding remarks, the Minister underscored the importance of accurate data on foreign private capital flows to properly inform policy making process. The Minister also challenged the media who were covering the event to assist Government’s efforts to promote investment in Malawi.
The event was also graced by speeches from Mr. Joshua Nthakomwa, Director of Malawi Investment and Trade Centre, Mr. Hope Chavula, Manager, Public-Private Dialogue (PPD)-Malawi Confederation of Chambers of Commerce and Industry (MCCCI), Mr. Evarist Mgangaluma, Programme Officer-MEFMI and representative from private sector Mr. Nikhil Kumar, Universal Industries Ltd. They all acknowledged Government’s efforts to make Malawi an attractive investment destination and for enhancing investors’ confidence.