Mitc optimistic on investor hunt
The Malawi Investment and Trade Centre (Mitc) has said it is optimistic that it will soon identify investors for its projects that were included in the revised Malawi compendium book.
In the new compendium, Mitc had put up about three projects seeking partnerships with prospective investors.
Mitc publicist, Deliby Chimbalu, said the organisation is still receiving enquiries from prospective investors.
“We are currently receiving enquiries from various investors and we are scrutinising them. These are big projects and we would want to have committed investors hence the process is taking a bit longer,” Chimbalu said.
She said the identity of prospective investors cannot be revealed at the moment.
“Be assured that the projects are attracting a lot more interest than what we anticipated and we are optimistic that shortly we will get an investor to partner with,” she said.
The projects that Mitc put up included the development of an industrial park in Blantyre at Namalowe Estate along the Limbe-Thyolo road. The 22 hectares plot has already been surveyed with topography assessment already done. The project seeks implementation equity and financial partners.
The other project is the development of an industrial park in Lilongwe. Though the land is yet to be allocated and any works undertaken, Mitc seeks expression of interest from possible partners.
Mitc office complex is another project which seeks financing through Build- Operate and Transfer (BOT) mode of financing.
Mitc also plans to construct an ultra-modern office complex to house its One Stop Service Centre and acquire some office space for letting out in a bid to achieve its financial sustenance strategic objective.
The project is expected to yield $2.8 million per annum.