LILONGWE, (MaraviPost): The Malawi-China business forum which the country hosted last month has started bearing fruits with 11 Chinese companies showing interest to invest in Malawi, The Maravi Post have established
The forum was aimed to courting transformational Chinese investments and to empower Malawians entrepreneurs through possible business joint ventures with Chinese companies.
The Malawi Investment and Trade Centre (MITC) and conjunction with Ministry of Industry, Trade and Tourism were behind the hosting of the forum
In a press statement the ministry through MITC has issued and made available to The Maravi Post reveals that most investors are much interested in tourism, energy, banking, agriculture, manufacturing industry, research, and design among others
According to the statement which Deliby Chimbalu, MITC’s Public Relations Manager has signed said her institution is currently following all investors to ensure that their interests come to fruition and establish their businesses in Malawi as soon as possible.
“Following engagement with the Malawi private sector, some Chinese companies have already expressed interest to consider investing in the following projects: Anhui Hengjin Agricultural Development Co. Ltd plans to invest US$15million in the Agriculture sector in Malawi.
“Goocoo Group plans to cooperate with a local foundation in Malawi to invest in a mineral water bottling and producing factory and Anhui Import & Export Co. Ltd will cooperative with Anhui Foreign Economic Construction Co. Ltd (AFECC) and plans to invest US$15 million to establish photovoltaic power stations in Malawi,” reads the statement in part.
The statement adds that after negotiations with a local company in Malawi, Anhui Yingdeli Group plans to invest in the extension of a current lodge and jointly construct new office buildings and hotels, and currently the two parties are conducting detailed negotiations on the design and planning.
MITC Further said Anqing yingdeli Group plans to purchase or rent an area of about 13.33 hectares to establish a grant comprehensive mall as the group is collecting project feasibility information.
The forum has also managed to attract Anhui Hengrui New Energy Co. Ltd is in discussion with a Malawian company. They plan to cooperate in the construction of photovoltaic power stations, small power systems (for household use), and energy storage.
The nation has also caught members of Anhui Association of Mechanical and Electrical Industry (AAMEI) plan to jointly invest in Malawi and start a mechanical and electrical industry park with an area of about 130 hectares.
The park will host companies to produce hardware, mechanical products, electrical products, and electrical appliances while creating an upstream and downstream industry chain.
“Four enterprises from Susong Country plan to cooperate with a local company in Malawi to invest in beverage production. Not only that but also Anhui Guohao Agricultural Technology Co. Ltd plans to start a farm in Malawi, focusing on the production and processing of vegetables and fruits. It plans to organize experts to come to Malawi again and conduct further in-depth research.
“The forum has also managed to court Bo Blackstone Elevator Co. Ltd plans to establish an elevator assembly and production base and technicians training base in Africa. It is seeking cooperation partners as the sales agent of elevators.
“In collaboration with other enterprises, Susong Commerce and Trade Company plans to establish a bank in Malawi. It also plans to invest in the production, processing and selling of tobacco. It is embarking on a feasibility study,” said MITC statement.
Malawi Investment and Trade Centre (MITC), a merger of the Malawi Investment Promotion Agency (MIPA) and Malawi Export Promotion Council (MEPC) was incorporated under the Companies Act and became operational on October 1st, 2011.
MITC is geared to towards promoting production (investment promotion) and marketing (export promotion) of Malawi’s goods and services including participate in trade fairs, facilitate investment process for potential investors, industrial assessment, counseling of investors and exporters.