Sunday, February 25, 2024
HomeNationalNico Holdings pumps in K30m towards Malawi's participation at the 2023 IATF

Nico Holdings pumps in K30m towards Malawi’s participation at the 2023 IATF

PUBLISHED BY

Nico Holdings Limited has announced the K30 million sponsorship towards Malawi’s participation at this year’s Intra African Trade Fair (IATF) scheduled to take place in Cairo, Egypt, from 9-15th November.


 As a leading financial services company in Malawi, Nico Holdings said it is committed to supporting Malawian businesses, especially small and medium enterprises in accessing trade and investment opportunities on the African continent.

Head of Marketing and Customer Experience at Nico Holdings Group, Lorraine Phiri said they are delighted to be partnering with the Export Development Fund (EDF) and for the important event. 

“The Intra African Trade Fair is a great opportunity for Malawi to showcase its products, services, and investment potential to a wider audience.” Adding that: “This support will help companies, especially SMEs who could not afford to pay the costs for setting up exhibition booths at this fair to have a chance and exhibit their products through the Malawi pavilion.’

Managing Director for ED, Fredrick Chanza said they are excited that Nico Holding has come on board to support Malawis participation at this years Intra African Trade Fair.

 He said the IATF is an opportunity for the country to expand its export markets and tap into the opportunities presented by the AfCFTA.

“As EDF one of our strategic pillars is the promotion of cross border trade. We acknowledge the growing demands that as a country we need to expand our export trade footprint within Africa and beyond. But for us to achieve that we need collaboration with key players like Nico holdings to patronise such events and explore business opportunities for the benefit of our economy as a country,” he said.

NICO Holdings presenting a cheque to EDF

Chanza said with Malawi’s participation in this event, the country hopes to attract new trade and investment opportunities.

The K30m sponsorship from Nico will go towards supporting the construction of the Malawi Pavilion at this year’s where at least 21 companies including Small and Medium Enterorises have confirmed their participation.

The Intra African Trade Fair, is the continent’s largest trade fair, providing a platform for African businesses to connect, learn, and do business with each other.

 Currently, the African continent is home to over 1.2 billion people and has a combined GDP of over $2.5 trillion yet intra-African trade remains low, presently around 15 per cent.

Therefore the IATF seeks to address this challenge by creating a unique and valuable platform for businesses to access this integrated African market created under the African Continental Free Trade Area (AfCFTA).

RELATED ARTICLES

Malawi Government hails communities for being in frontline of Aids fight

Principal Secretary (PS) in the Ministry of Health (Administration), Bestone Chisamile, has commended the contributions communities have made towards sstrengthening of health systems.

LL Chinese Community donates MK75m to Malawi Government

The Chinese Community in Lilongwe on Tuesday donated MK75 million to the Malawi Government with a pledge for continued support as the government responds to effects of Tropical Cyclone Freddy.

UK pledges sustained, strengthened diplomatic ties with Malawi

The British High Commissioner to Malawi, Fiona Ritchie, has pledged her government’s commitment to always be there for Malawi and its people in times of crisis.

Pamoza Tingakwaniska empowers youths

Pamoza Tingakwaniska youth organization has held a talent exhibition at Karonga Freedom Park in an effort to expose youths to potential buyers and empower them to be innovative champions and become self-reliant in their communities.

Latest Posts

popular posts

Mchinji’s agriculture committee emphasises on collaboration

Mchinji District Agriculture Extension Coordination Committee (DAECC) has stressed the need for strong relationships and collaboration among stakeholders to sustain agriculture initiatives being implemented in the district.

Woman drags Nankhumwa to court over child maintenance issues

A little known woman, Letina Kamwamba, has dragged Leader of Opposition and Democratic Progressive Party (DPP) presidential aspirant, Kondwani Nankhumwa, to court over child maintenance issues.

2024 Aviator Strategy and Tips to Win (TESTED AND VERIFIED)

With the recent surge of users on Premierbet Malawi Aviator; we keep seeing many Facebook and Twitter posts about whether there’s a strategy of some sort for the Aviator game. We haven’t seen any definite answers to this which pushed us to answer this, using a program that compiles the results and gives you an idea of different strategies and numbers to try on Aviator.

MCP publicist Reverend Maurice Munthali resigns

Publicity Secretary for the Malawi Congress Party (MCP) Reverend Maurice Munthali has resigned from his position, citing the prevailing governance atmosphere marred by persistent corruption allegations and related scandals as reasons for his resignation.

MK17.28bn Mzuzu Civic Office Complex construction at 45%

Plem Construction Limited (PCL) has disclosed that progress of the construction of the first ever Mzuzu Civic Office Complex is at 45 percent.
Nthanda Times