President Lazarus Chakwera Tuesday met a group of South African business captains who have expressed interest in investing in Malawi.
During the meeting, Chakwera reassured the investors that Malawi has created a conducive environment for investors, replete with a supportive policy framework.
“We remain steadfast in our commitment to exhaust all efforts in realising the shared vision we hold for Malawi. Our endeavours are closely aligned with our developmental objectives, aiming to drive a transformative agenda that aligns with our predefined targets,” he said.
The business captains included officials from Hosken Consolidated Investments Limited (HCI), Blue Energy Africa, Natal East India Pty Limited and Sizampilo Projects.
According to the State House, HCI is interested in exploring opportunities within Malawi’s burgeoning tourism and gaming sectors, with a special emphasis on the Likoma Activity Centre Project.
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Blue Energy Africa has expressed desire to invest in the generation of more than 200 megawatts of power within the coming year.
Natal East India Pty Ltd, which is involved in rice processing, has reportedly expressed interest in collaborating with the Lifuwu Rice Mega Farm in areas that entail increasing production volumes and bolstering the entire value chain through a robust export strategy, tapping into lucrative markets.
Sizampilo Projects, on the other hand, is said to be interested in construction of Twin Towers at Capital Hill in Lilongwe.
Chakwera is in South Africa where he is attending the 15th Session of the Brazil, Russia, India, China and South Africa (Brics) Plus Outreach Summit from August 22 to 24 2023.
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The session is being held under the theme ‘Brics and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development, and Inclusive Multilateralism’.
The objective of the meeting is to pursue alternative international financing systems.
