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Foreign investors eye Bingu Stadium

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Companies from South Africa and the United Kingdom are interested in investing at the yet-to-be opened Bingu National Stadium (BNS) in Lilongwe, the facility’s Operations’ Manager, Eric Ning’ang’a, confirmed on Monday.

“Apart from local companies, there has been a lot of interest from foreign individuals. One of the foreign investors wants to set up a sports academy and the company has already submitted its profile. The other investor is interested in [offering] the security of the stadium,” said Ning’ang’a while refusing to reveal the identities of the investors.

Over 20 local investors turned out for a consultative tour of the facility early this year on the invitation of the Ministry of Labour, Youth, Sports and Manpower Development.

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The stadium opening delayed because government needed extra money outside Chinese funding. Parliament approved K841 million for the completion of the facility’s sewer line, electric and network cables.

“The contractor is working with speed. Hopefully, before the end of this year, we will have the stadium opened,” he said.

Chinese Contractor, Anhui Foreign Economic Construction Company (Affecc), using a concessional loan from the Chinese Government to the tune of US$65 million (about K29 billion), constructed the stadium.

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A match between Malawi National Football Team and their Chinese counterparts has been earmarked for the opening ceremony of the stadium.

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