Malawi marketing 18 bankable projects at UK-Africa summit

Written by  MBC Online

Malawi Investment and Trade Centre (MITC) says it is marketing 18 bankable projects at the inaugural UK-Africa Investment summit which opened on Monday in the British capital London, where Malawian President Professor Arthur Peter Mutharika is in attendance.

APM arriving at the Intercontinental Hotel 02 in London for the official opening of the summit APM arriving at the Intercontinental Hotel 02 in London for the official opening of the summit
20
January


MITC Chief Executive Officer Clement Kumbemmba was qouted by local media as saying  the summit presents a greater opportunity for Malawi to showcase its available investment projects.


He said: “We have 10 private sector companies, including Press Corporation, Nico Holdings plc, CDH Investment Bank and six public sector companies with projects, among them, Egenco and Lilongwe Water Board, all these with bankable projects to  market at the summit.


“In total, we are marketing about 18 projects at the summit. Besides, we will have a Malawi Investment Forum on 22 January, a platform dedicated to Malawi.”


Some of the projects to be marketed include the Kholombizo hydro power project worth $515million (about K380billion), cable car project on Mulanje Mountain worth $200million (about K148billion), and Diamphwe bulkwater project worth $300 million (about k222 billion).


The summit seeks to strengthen the UK’s partnership with African nations to build a secure and prosperous future.

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