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MIPA offers growth opportunities through investment

08 May '06
1 min read

The Malawi Investment Promotion Agency (MIPA) is Your One - Stop Investment Centre mandated by an Act of Parliament (1991) to promote, attract, encourage, facilitate and support foreign and domestic investment in Malawi.

MIPA offers following opportunities

Manufacturing:
Spinning, weaving and finishing mill
There is significant potential for an investor in establishing a second spinning, weaving, and knitting plant in the country to meet the demand of garment manufacturing companies operating under the Export Processing Zones (EPZ) status.

The investment would address the present inadequacy of their raw materials, particularly of knitted fabric.

Manufacture of Textile Accessories
Malawi is looking for investment in the manufacture of accessories such as zippers, buttons, fastenings, all of which are currently imported.

Some markets require industries to export duty or quota free if a certain percentage of local content is reached.

Garment Manufacturing
Malawi's garment industry is small and developing, with eight garment companies operating under Export Processing Zone (EPZ) status.

More companies are required to fully utilise the country's resources as well new trade opportunities arising from the African Growth and Opportunity Act (AGOA) initiative by the USA Government.

Malawi Investment Promotion Agency

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