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Growing Sustainable Business Malawi
In an effort to strengthen its capacity to facilitate investment, the Malawi Investment Promotion Agency (MIPA) is implementing the Growing Sustainable Business (GSB) programme with support from the United Nations Development Programme (UNDP). In line with the Government of Malawi’s strategy of poverty reduction through sustainable economic growth, the GSB programme aims at attracting pro-poor investment and business to Malawi, thereby bringing new employment opportunities and needed goods and services to the poor. The GSB programme consists of two components: 1. Facilitating pro-poor investment to the country
2. Building capacity at MIPA
It should be noted that the GSB programme is a global initiative. While new to Malawi, GSB is currently operating in nine African countries, including neighboring Tanzania, Zambia, and Mozambique, as well as nine countries in Central America, Asia, and Eastern Europe with ambitious plans for expansion. The global initiative has facilitated a large number of investments, ranging from rural telecommunications to the provision of finance for small and medium size enterprises. The global GSB portfolio includes investments ranging from US $200,000 to US$23 million.
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