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INVESTMENT UPDATE FOR END-year 2008

 

 NEW INVESTMENT

Lilongwe,22 December 2008 -The Malawi Investment Promotion Agency (MIPA) has facilitated 69 new investments worth USD 143,247,050.00 between January – November 2008. These new investments are expected to create 25908 jobs.

MIPA recorded highest levels of investment pledges in 2006 at US 185,299, 177.99. 52 new companies registered with MIPA and 4012 new jobs were created

In 2007 MIPA registered 66 new companies that pledged to create 15829 new jobs and the total expected investment was US 92,059,821.00

 

Origin of Investors and Sectoral Distribution

 

Asia leads as the main source of foreign direct investment into Malawi in 2008 with 27 new companies. Local companies also invested in the economy (17 new companies) followed by South Africa, Tanzania and Zimbabwe.

Presented below is a tabulated overview of MIPA facilitated investment in 2008

Year

sector

No of companies

Level of investment (US$)

2008

Manufacturing

29

30,177,721.00

 

Tourism

13

27,144,478.00

 

Services

15

28,726,107.00

 

Agriculture

11

53,298,744

 

Mining

1

4,000,000.00

 

 

DOWNLOAD APPLICATION FORMS HERE

You can download a form here and make an application for an Investment Certificate,Business Residence Permit,Temporary Employment Permit and others. Send your applications to:

The General Manager, Malawi Investment Promotion Agency,Private Bag 302,Lilongwe 3, Malawi.

 

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