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Sunday, June 17, 2018

MIF yields $3 billion worth of deals | The Times Group

MIF yields $3 billion worth of deals | The Times Group: MIF yields $3 billion worth of deals
Posted By: Chimwemwe Mangazion: June 14, 2018In: BusinessNo Comments
About 24 business deals valued at over $3 billion [about K2.2 trillion] have been signed at the just ended 2018 Malawi Investment Forum (MIF) .

This is compared to seven companies which signed Memoranda of Understanding (MoUs) by end of the 2016 MIF, while the one held in 2015 yielded deals and MoUs worth $1 billion [about K734 billion].

The deals, most of which would lead to attraction of Foreign Direct Investments (FDI), come at a time a recent report by the United Nations Conference on Trade and Development suggests that Malawi’s FDIs remain unstable amid initiatives by the government to increase the inflow

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