• Tue. Aug 22nd, 2023

Malawi Exclusive

Breaking Authentic News

President Chakwera beckons Sizampilo Projects to finance construction of twin towers at Capital Hill

Aug 22, 2023

By Cedric Nkungula

President Dr. Lazarus McCarthy Chakwera on Tuesday 22nd August 2023 held talks with South Africa based investor, Sizampilo Projects to finance and construct twin towers at Capital Hill in Lilongwe.

It was a busy day for the Malawi leader who also met officials from Hosken Consolidated Investments Limited (HCI), which has a diverse portfolio in hotel and leisure; interactive gaming; media and broadcasting; transport; mining and properties.

The firm is earmarking Malawi’s tourism and gaming sectors with specific interest in the Likoma Activity Centre Project.

Also meeting the president were representatives from Blue Energy Africa, a leading Pan African developer of clean energy infrastructure that intends to invest in over 200 megawatts of power generation within a year.

Chakwera was also in talks with Natal East India Pty Ltd – a rice processing company which has expressed interest in the Lifuwu Rice Mega Farm under an investment model that utilizes out grower schemes to optimize production and a robust export strategy that supports the value chain with attractive markets.

Updating Malawians through his Facebook page, Chakwera said he has assured the investors of the government’s support in clearing all bottlenecks that stifle investment opportunities into Malawi in order to accelerate economic growth in the country.

“I have assured all these investors of a friendly business climate that is well supported by government’s deliberate policy frameworks,” said the president.

“We are leaving no stone unturned to make sure that the Malawi we all aspire for is realized in line with our development targets.”

Chakwera is currently in South Africa attending BRICS summit.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.