The country’s struggles to attract foreign investment can soon be changing as Malawi has enjoyed political stability for the last decade. As stability continues, more foreign investors look to this country as a reassuring investment. The government has actively encouraged this, implementing incentives and policies to encourage FDI. The local government has also made moves to improve ICT. These include disbanding previously ineffective authorities and establishing new ones to drive development. Although Malawi remains underdeveloped if successful, these efforts could lead to a new Tech Hub in Africa.
Contrary to these possibilities, there are still challenges to overcome when importing tech goods into Malawi. These obstacles include complex and bureaucratic customs procedures as well as high import taxes and duties for tech equipment leading to delays and an inflation of the overall import costs. TecEx’s comprehensive Importer of Record (IOR) services can alleviate the burden and take on all the import risks on your behalf.