By Charles Nkhoma & Martha Rukunya

Lilongwe, November 25, Mana: Minister of Trade and Industry, Sosten Gwengwe, has announced the inaugural Malawi-European Union (EU) Investment Forum, set to take place at the Bingu International Convention Centre (BICC) in Lilongwe from November 26 to 28, 2024.

Speaking at a press briefing in Lilongwe on Monday, Gwengwe highlighted that the forum aims to solidify investment partnerships with EU member states, paving the way for increased foreign investment and driving Malawi’s economic growth.

“This partnership will open up new opportunities for local Malawians, with a focus on three key pillars: Agriculture, Tourism, and Energy. This forum is also a call to action, encouraging stakeholders to work together to attract investment and unlock Malawi’s economic potential,” he stated.

EU Ambassador to Malawi, Rune Skinnebach, said the forum is part of on-going efforts of the EU in Malawi of Growing Malawi together (Kukuza Malawi Limodzi) campaign and the EU Global Gateway Strategy.

 “The Investment Forum serves as a stepping stone for the roll out of the Global Gateway EU-Africa investment package which aims to foster strong, inclusive and sustainable growth across Africa by promoting green and digital transitions, infrastructure development, and human capital growth. The forum offers a vibrant platform for potential investors and project owners to engage and collaborate,” he said.

The Malawi-EU Investment Forum marks a significant milestone in strengthening economic ties and attracting transformative investments to Malawi.

It underscores government commitment to fostering sustainable growth and creating opportunities for its people through strategic international partnerships.

President Dr Lazarus Chakwera is expected to official open the forum on Tuesday.