According to figures from the Malawi Investment and Trade Centre (Mitc), Malawi’s investment has lowered amidst the coronavirus (Covid-19) pandemic, since businesses across the globe have been disrupted.
Mitc public relations manager Deliby Chimbalu told The Nation newspaper that investment has lowered by 59% decline compared to the first quarter review last year.
On the other hand, a United Nations Conference on Trade and Development (Unctad) Investment Monitor for April 2020 rated Malawi among countries in Africa with the lowest levels of FDI and advised the country to consider liberalising measures in various industries so as to ease entry barriers for investors. The report advocated for serving customers online to be reducing the regulatory and institutional burden to attract FDIs.