Malawi –China forum courts 11 investors
The Malawi – China forum has yielded positive results with 11 Chinese companies showing interest in investing in the country.
A joint statement by the Ministry of Industry, Trade and Tourism and the Chinese Embassy in Malawi indicates that the investors are from the energy, agriculture and banking sectors.
According to the statement, two companies Anhui Hengjin Agricultural Development Company Limited and Anhui Import & Export Company Limited in cooperation with Anhui Foreign Economic Construction Company Limited (Afecc) plans to invest $15 million each in the agriculture sector and establish photovoltaic power stations respectively.
Susong Commerce and Trade Company also plan to establish a bank in the country and invest in the production, processing and selling of tobacco. Another company Goocoo Group plans to cooperate with a local foundation to invest in a mineral water bottling and producing factory.
The statement further said after negotiations with a local company, Anhui Yingdeli Group plans to invest in the extension of a current lodge and jointly construct new office buildings and hotels.
The two parties are conducting detailed negotiations on the design and planning. Anqing yingdeli Group is currently collecting project feasibility information to establish a grant comprehensive mall covering 13.33 hectares.
On the other hand Anhui Hengrui New Energy Company Limited is in discussion with a local company on the construction of photovoltaic power stations, for household use.
A 130 hectares park which will host companies to produce hardware, mechanical products, electrical products and electrical appliances creating an upstream and downstream industry chain is also in the offing with members of Anhui Association of Mechanical and Electrical Industry (Aamei).
Four enterprises from Susong country plan to cooperate with a local company in Malawi to invest in beverage production.
While Anhui Guohao Agricultural Technology Company Limited plans to start a farm in the country, focusing on the production and processing of vegetables and fruits.
The company plans to organise experts to come to Malawi and conduct further in-depth research. Also on the list is Bo Blackstone Elevator Company Limited which plans to establish an elevator assembly and production base and technicians training base in Africa hence it is seeking cooperation partners as the sales agent of elevators.
The forum was aimed to attract transformational Chinese investment and empower Malawian entrepreneurs through possible joint ventures with Chinese companies.
