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Summary of Malawi’s
Statement of Investment Policies
Malawi does not only welcome visitors, it also warms the
hearts of those seeking business opportunities. The following
investment policies spell out the Commitment of the Malawi Government
to:-
-
Freedom
of investment by local and foreign investors in any sector of the
economy with no restriction on ownership
-
Abolition of industrial licenses
-
Simplification of procedures for company formation and business
registration
-
Acceleration of transfer procedures for industrial and commercial
land
-
Development of new industrial sites and new frame works for private
development of sites (including sub-leasing)
-
Reduction of taxes and duties
-
Improving domestic and external transport routes
-
Adequate availability of foreign exchange
-
Adequate access to local financing and improved competition in the
banking sector
-
Freedom
of investors to employ workers and ready availability of temporary
residence permits for expatriate personnel
-
Continued support for small-scale and medium-scale enterprises
through training, technical and financial assistance
-
Introduction of additional incentives to encourage export-oriented
investments
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Expanding the range of bilateral investment agreements to secure
protection for investors’ assets
-
Providing access to international arbitration forums to settle
disputes amicably
Investment opportunities
TOURISM
Likhubula Falls Eco-tourism project
An
opportunity exists for construction of twenty-five eco-tourism
accommodation units at the Dziwe Lankhalamba Pool, at an elevation of
1,000 meters on the western slopes of Mulanje Mountain.
Mancewe
Falls
The
site is 4 km from the historic Livingstonia Mission in northern Malawi.
Investment is needed to construct a two-storey eco-lodge with fifteen
double rooms accommodating up to thirty people.
Likoma
Island Projects – Chiponde Site
The Chiponde site is on the southeast shores of Likoma
Island. Likoma has a diversity of attractions and the market envisaged
for the unit is local, regional and international or long haul.
Ulisa
1, 2 and 3
Ulisa is on the western shore of Likoma Island where
sandy bays are protected by granite rock outcrop.
Maleri
Islands
These
are three islands in the northern part of Lake Malawi National Park. A
multi-purpose structure incorporating a restaurant/bar/lounge with 20
independent grade separated units built with natural materials would be
suitable.
Nkhotakota Wildlife Reserve
A total of four sites have been identified for
eco-tourism development in Nkhotakota Wildlife Reserve.
MINING
Phosphate Fertilizer Manufacturing
Malawi
is an agro-based economy; the country imports huge quantities of
fertilizer because there is no local fertilizer manufacturing plant. An
opportunity exists for the manufacture of phosphate fertilizer using
the Tundulu phosphate rock deposits at Nambazo in Phalombe District in
southern Malawi.
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MANUFACTURING
Spinning, weaving and finishing mill
There
is significant potential for an investor in establishing a second
spinning, weaving, and knitting plant in the country to meet the demand
of garment manufacturing companies operating under the Export Processing
Zones (EPZ) status. The investment would address the present inadequacy
of their raw materials, particularly of knitted fabric.
Manufacture of Textile Accessories
Malawi
is looking for investment in the manufacture of accessories such as
zippers, buttons, fastenings, all of which are currently imported. Some
markets require industries to export duty or quota free if a certain
percentage of local content is reached.
Garment
Manufacturing
Malawi’s garment industry is small and developing, with
eight garment companies operating under Export Processing Zone (EPZ)
status. More companies are required to fully utilize the country’s
resources as well new trade opportunities arising from the African
Growth and Opportunity Act (AGOA) initiative by the USA Government.
Soya
Bean Oil-extraction
Malawi produces more than 35,000 metric tones of Soya
per year. Most of the Soya bean is exported raw and little is processed
for food domestically. At the same time Malawi imports oil refining
into cooking oil. An opportunity therefore exists in investment in Soya
Bean oil extraction and tofu making.
Fruit
Juice Processing Plant
Malawi currently has no processing plant for its
abundant fresh fruit. Malawi has a very favorable climate for the
cultivation of a wide range of fruits including pineapple, tangerine and
mangoes.
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AGRICULTURE
Cotton
Growing Through Contract Farming
Malawi’s cotton production has fluctuated between 13,500
and 50,000 metric tones over the past decade. However with better farm
practices and incentives yields currently around 800 kg/ha could
increase to 3,000 kg/ha.
Cut
Flower Production
An investment opportunity exists for the export of cut
flowers to Europe. There are already Malawi-based firms, which
successfully export to Europe, and additional investment in this sector
is expected to create economies of scale and thus enhance Malawi’s
competitiveness on international markets.
Fish
farming at Kasinthula
Lake
Malawi is the main source of fish for domestic demand. However, output
has rapidly declined over the years due to over-fishing. Malawi’s
tilapia species are in high demand both locally and in Zimbabwe and
South Africa.
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INFRASTRUCTURE
PROJECTS
The
Government is seeking partners to invest in a number of projects on the
build and operate (BOP) basis. These projects include:-
Kamuzu International Airport
Government
is seeking a partner to rehabilitate the runways, taxiways and part of
the apron at an estimated cost of US$ 8 million. Also requiring
attention is the rehabilitation and replacement of the
telecommunications equipment.
Chileka
Airport at Blantyre
Investors are needed to invest in the rehabilitation of
Chileka Airport at an estimated cost of US$ 1billion. This will include
building a new terminal building, rehabilitation and widening of the
runway.
New
Mangochi (Namiyasi Airport)
In 1993 plans were finalized for the construction of an
airport at Mangochi to support the tourism industry at the southern end
of Lake Malawi. An investor is invited to take up this opportunity.
For detailed project profiles please contact:
Chief Aerodrommes Officer
Tel +265 1 775 048/1 770 577
Email: aviationhq@malawi.net
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