Nov 24, 2017 Last Updated 7:59 AM, Nov 24, 2017
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Malawi-China strike new deal

Published in Capital News
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The Malawi government has strengthened its efforts to bring foreign investment into the country with the Chinese government approving a number of multi-million dollar projects to be implemented under a new deal.

President Mutharika broke the news on October 21 during a press briefing held at Kamuzu Palace in the capital Lilongwe.

“These Chinese government-sanctioned investments come as a result of a meeting that was held in China weeks ago with officials from Malawi, EXIM Bank of China and China Gezhouba Group Company Limited,” he revealed.

According to Mutharika, Malawi is to benefit through the E-Government (National Identity) Project.

“The Chinese government approved the Fibre Back-bone component of the project, which will lay the fibre optic cables to increase internet connectivity. The second component of the National Identification Project, however, will be subjected to further discussions. The entire project is estimated to cost US$50 million,” he explained.

The deal will also come to the rescue of the tourism and civil aviation sectors as they will benefit through construction of a new state-of-the-art Chileka International Airport.

“Before implementation commences, the Malawi government will redesign the project, conduct feasibility study and an Environmental Impact Assessment. The total cost of the project is estimated at around US$286 million,” he pointed out.

In addition a team of experts from China will meet their Malawi counterparts in December to discuss technicalities of the 140 Km Tsangano – Neno – Mwanza Road pegged at US$170 million, the 129.5 Km Mangochi – Makanjira Road estimated to cost US$152 million and the Lilongwe Dual Carriage Way from Kanengo – Mchinji Roundabout on the M1 Road which is estimated to cost US$45 million.

The Mutharika government has been trying to woo foreign investors, and it recently held a Malawi Investment Forum which was aimed at selling business opportunities available in the country.

On his recent trip to China, Mutharika presented to the Chinese government 7 projects seeking Chinese financial support.

Among other areas, the projects are covering areas of energy, transport, and security.

The Chinese government has also given Malawi grants which according to Mutharika have no conditions attached.

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