Malawi and Japan—A Destiny for Investment

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H.E. Mr. Grenenger Kidney Msulira Banda
Ambassador Extraordinary and Plenipotentiary of the Republic of Malawi to Japan
 
 
 
First, I would like to extend cordial greetings from Malawi, the warm heart of Africa. Malawi gained its independence from Great Britain in 1964 and began its bilateral relations with Japan that same year. I arrived in Japan in November 2016 as the seventh Ambassador of Malawi in Japan.

Malawi is an untouched destination full of attractions unique to the country, with over 1500 species of fish, over 650 species of birds, over 1000 species of butterflies and other big game species in wildlife reserves, which all portray the country as a haven for fauna and flora for tourism investment.

Malawi’s agro-based economy is heavily reliant on tobacco, sugar, tea, cotton, rice, coffee and other crops, tobacco alone contributing to 55-60% of the country’s nominal GDP. All agricultural crops, including rice are organically produced and are non-genetically modified organisms, thus giving Malawi a head start ahead of other African countries in terms of finding a market in Japan.

Malawi is also endowed with un-mined mineral deposits like heavy metals, base metals, high quality rare earths, bauxite, iron and gemstones amongst others, which can help enhance economic growth. The Japanese company JOGMEC has been the backbone behind discovering these metals using high technology and with support from the World Bank and the EU.

The country’s market potential is extensive due to ratification of various world trade treaties such as AGOA, EAB, China, the EU, India, Brazil and Africa with the COMESA free trade market and in Japan, Malawi enjoys a tax-free status on all products except rice.

In response to changes in the international markets, globalization and competition for market products, there have been changes designed to improve and accelerate economic empowerment aimed at involving investment from the private sector in the creation of wealth. The government of Malawi has also established an investment trade center, MITC, aimed at facilitating investment registration formalities and shortening the time for registering businesses in Malawi.

Last but not the least, I would like to appeal to investors of all clientele to look at Malawi as a country with potential investment climate in Africa.

For more information about Malawi, please visit the official website: www.malawiembassy.org.


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