By Françios Kwatani

Malawi Investment and Trade Centre (MITC) says it will be conducting follow ups on companies that have pledged investment projects worth US$ 808 million in the 2021/2022 financial year.

MITC’s Public Relations Manager Deliby Chimbalu said they have issued 35 investment certificates to companies and individuals that have expressed interest to invest in our country’s economic and developmental sectors.

“If the pledges from all 35 companies are well implemented we should anticipate 15,499 jobs being created for Malawians,” Chimbalu said.

“This is a 1000 percentage increase as compared to the same period last year.”

Chimbalu further said if the companies set up their operations in the country, it will enable the growth of economy as manufacturing of products will be conducted within the country.

She also said that some of the proposals that the companies presented if implemented will help lessen challenges in the energy sector thereby having sufficient provision of energy power in the country.