{"id":72959,"date":"2019-01-08T10:22:41","date_gmt":"2019-01-08T08:22:41","guid":{"rendered":"http:\/\/www.times.mw\/?p=72959"},"modified":"2019-01-08T10:22:41","modified_gmt":"2019-01-08T08:22:41","slug":"investment-pledges-jump-250-in-2018","status":"publish","type":"post","link":"https:\/\/archive.times.mw\/index.php\/2019\/01\/08\/investment-pledges-jump-250-in-2018\/","title":{"rendered":"Investment pledges jump 250% in 2018"},"content":{"rendered":"<p><strong><em>By Chimwemwe Mangazi: <\/em><\/strong><\/p>\n<p><a href=\"http:\/\/www.times.mw\/wp-content\/uploads\/2017\/04\/deliby-chimbalu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-43949\" src=\"http:\/\/www.times.mw\/wp-content\/uploads\/2017\/04\/deliby-chimbalu-300x168.jpg\" alt=\"\" width=\"300\" height=\"168\" srcset=\"https:\/\/archive.times.mw\/wp-content\/uploads\/2017\/04\/deliby-chimbalu-300x168.jpg 300w, https:\/\/archive.times.mw\/wp-content\/uploads\/2017\/04\/deliby-chimbalu.jpg 650w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Malawi Investment and Trade Centre (MITC) recorded investment pledges worth $1.49 billion (about K1.1 trillion) in 2018 from 105 companies that were issued with investment certificates.<\/p>\n<p>The value of the pledges is 250 percent higher than the $400 million recorded from 42 firms in 2017.<\/p>\n<p>MITC spokesperson, Deliby Chimbalu, attributed the development to a number of projects in the energy sector that are of high value.<\/p>\n<blockquote><p><em>\u201cWe have recorded $1,498,190,127.15 investment pledges from the various business projects we have approved. This has come about because of a number of factors, one of them being that, in 2018, we received business projects in the energy sector which usually is a capital intensive sector. The nine projects we received from this sector alone account for almost 52 percent of total investment pledges for the year 2018.<\/em><\/p>\n<p><em>\u201cThe second largest sector, in terms of value, is the agriculture and agro-processing. This has a total of 20 projects and accounts for almost 23 percent of total value of the investment pledges,\u201d<\/em> Chimbalu said.<\/p><\/blockquote>\n<p>She added that some of the investment pledges in 2018 were from existing firms planning to expand their operations in the country.<\/p>\n<p>The investment pledges in energy amount to $785.5 million, agriculture $339.1 million, banking, logistical and other services were recorded at $136.5 million while real estate investments were recorded at $100 million.<\/p>\n<p>Other top investments were in tourism at $57.7 million and manufacturing at $42.9 million.<\/p>\n<p>Chimbalu added that MITC expects that, once the companies start their operations, they will create about 16,728 employment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Chimwemwe Mangazi: Malawi Investment and Trade Centre (MITC) recorded investment pledges worth $1.49 billion (about K1.1 trillion) in 2018 from 105 companies that were issued with investment certificates. The value of the pledges is 250 percent higher than the $400 million recorded from 42 firms in 2017. MITC spokesperson, Deliby Chimbalu, attributed the development [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":72963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-72959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/72959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=72959"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/72959\/revisions"}],"predecessor-version":[{"id":72964,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/72959\/revisions\/72964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/72963"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=72959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=72959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=72959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}