About 40 investors from China are seeking to invest in the Special Economic Zones (SEZs), the Malawi Investment and Trade Centre (MITC) has said.
It says the would-be investors are expected to come to Malawi for exploration,
MITC Director General Kruger Phiri said the prospective investors were primarily from 20 Chinese companies and were asking for substantial land allocations, ranging from 200 to 500 hectares, to develop into SEZs.
The companies include FengChaoHui Technology, Huarda Technology, HuaTai New Material Technology, RuiTai Biotechnology, Kings Group, QunXing Industrial, HuaLiDa Garment Group and ZhongXing reorganisation Group.
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Furthermore, making the Malawi trip is WeiYue Holding, XingFu Building Materials, FeiYang Tourism Group, Sino Euro Network, JinDu Animal Husbandry, Liangzhi International Trade, ShanShui Liquor Industry, Ensong Biotechnology and JinTun Printing.
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“The interest from these international investors represents a significant opportunity for Malawi’s economic development. Their visit will allow us to showcase the potential our country offers for strategic investment,” Phiri said.
MITC has since extended invitations to mayors from all three city councils–Blantyre, Lilongwe and Mzuzu– to pitch their cities as potential destinations for industrial parks at an upcoming business forum in Lilongwe, where the 40 investors will be present.
“This approach will ensure that development opportunities are spread throughout the country, maximising the benefits for all Malawians,” Phiri said.
Meanwhile, MITC has renewed its commitment to fast-track compensation for residents affected by the proposed Dunduzu Industrial Park, a project that has stalled since land assessments were conducted in 2022.
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During a familiarisation tour of the 74-hectare area earmarked for an SEZ, MITC Board Chairperson Godwin Sam Ng’oma assured community members that compensation processes would begin immediately.
“We have a new board, new management and a new line minister. We want to ensure that we plan properly for compensation,” Ng’oma told residents who gathered to air their grievances.
