Jeff Zehang President of Chinese investors to Malawi whose company China-Lilongwe Grand Holdings Corporation Limited (CLGHC)is to invest US$100 million disclosed this to MBC.

Zehang said Malawi will soon have another five star hotel in the capital Lilongwe adding that the investors are coming as a result of their attendance to first ever Malawi Investment Forum in 2015.

“All we are waiting for is allocation of land by the relevant authorities. But we are ready to bring in our equipment,” said Zhang.

He said the five star hotel will also be “one stop recreation centre “ with a casino, karaoke, basketball and tennis courts and cinema to help the country attract more tourists and boost revenue collection.

We also have plans to build in Malawi “the largest solar power plant in Africa,” said Zhang

The investment is expected to create over 300 jobs for Malawi.

Minister of industry and trade Joseph Mwanamvekha said the coming in of investors speaks volumes of the effectiveness of the 2015 Malawi Investment forum.

He said both the compendium and the investors forum has made it easier for investors to bring their monies to Malawi.

“We are very happy because when we set on the journey to bring change to the country’s economy we were been doubted, this is the year when Malawians will see the fruits of all the efforts we have been investing in the sector.” said Mwanakha.

He said government is making everything possible that the economic landscape benefits both small enterprise business persons and big entrepreneurs.

“We will have talks this year with relevant authorities so that interest rates which have been choking investments goes down.” he added.