Malawi Investment Forum Begin Bearing Fruits MoreDeals Signed With Investors

The Malawi Investment Forum (MIF) ends with excitement to the Government as the outcome apparently begins to bear fruits following serious deals made with a lot of interest from numerous investors.

The Communiqué read at the end of the two day conference indicates that so far “three known deals have been quantified and offer over US $1.1 billion of investment” and that investors are coming up with serious investments promises to the country. 

The Principle Secretary for the Ministry of Industry and Trade, Cliff Chilunda who read the communiqué on Tuesday evening said up to six projects which have reached a preliminary understanding “from Tuesday’s forum.”

The Following are some of the deals that Malawi has managed to get from the MIF which drawn investors from 31 countries across the globe.

The flowing is the list of investments deals 

The Blantyre City Council has signed a Moue with the China-Zambia and China-Tanzania Friendly Cultural Exchange Program for the combined implemented of 11 projects in Blantyre.  The program will be facilitated by the Chinese Government;

An American company, Briggs International, will be signing an MoU with the Government of Malawi for the implementation of a multi-billion dollar rail system that will connect Lake Malawi down to the Port of Nsanje onto the Zambezi River to the Indian Ocean by-passing the 36-kilometer rapids on the Shire River and therefore connecting Lake Malawi to the Indian Ocean without barges having to off-load their goods.  This will give Malawi direct access to lake Malawi;

Country-wide Group of Companies has received preliminary funding consideration for the development of their 5-star hotels in Blantyre and Chinteche respectively by three international financiers;

A local company, called Atlas Energy, has received a commitment by an international financier for US$80 million to develop a 40 megawatts solar project in Malawi;

A coal mining company which has two mining projects in Rumphi and Nthalire are looking for joint venture partners. They have met with a Japanese company who are interested to further discuss the prospect.  The foreign counterparts will supply the equipment while the local counterparts will provide the resource, if the deal goes through;

China Railways No. 3 Engineering Group company Limited has picked three projects which they intend finance and own:

Kamwamba Coal fired  Power Station:US$600 million 

Railway construction and rehabilitation:US$250 million 

Mangochi Airport:US$250 million

MoUs will be signed between Government and the company by Thursday this week.

More deals are being unraveled and the Press will be updated as we continue interaction