The 2018 Malawi Investment Forum (MIF) is expected to create over $9 billion-worth investment opportunities to both local and foreign investors, organisers have said.
The forum, third of its kind, is expected to commence next week Monday in the administrative capital, Lilongwe.
The projects, according to the MIF website, fall under six sectors of agriculture, energy, transport, manufacturing, tourism and ICT.
Organisers of the forum, the Malawi Investment and Trade Centre (MITC), recently said the event is expected to attract over 800 delegates this year.
According to MITC, 300 delegates have confirmed their participation.
Mitc Public Relations Manager, Deliby Chimbalu, said the Centre was working with Malawi’s foreign missions to woo more delegates to the event.
“We are working with our foreign missions in recruiting more foreign delegates and I am happy to report that our embassies have responded positively by promoting the forum and we are expecting more delegates. Our target is 800 delegates,” she said.
Chimbalu further said six financial institutions have confirmed their participation in the forum.
Some of the projects outlined include an integrated cable car resort on Mulanje Mountain.
The project proposes development of a world-class tourism destination based on fantasy and adventure.
Underpinned by a cable car facility, the project would include luge and skyride, segway fun rides, health spa and wellness centre, living museum story-telling, eco-lodge, eco-adventure activities and a variety of themed restaurants.
Another target project under the tourism sector is the Cape Maclear Resort, Cape Maclear International Airport and Cape Maclear Business Hub in Mangochi District.
There are about five projects under the manufacturing sector including a fertiliser manufacturing plant and a wet milling corn starch production plant.
The corn starch plant will use the wet milling process to convert shelled maize into starch (a raw material for many industrial processes) which would be further converted into refined food, manufacturing, industrial and fuel products.
Under the transport sector, there are nine projects which include Blantyre City recreation parks, development of Kanengo Northgate industrial park and Mzuzu City shopping mall.
The energy sector has projects such as Chasomba hydro power plant, Fufu hydro and Mwabvi coal mining and thermal power plant.
The agriculture sector has projects such as commercial fish farming, spinning of cotton lint into yarn and upgrading of rice processing plant among others.
The ICT sector has one project, Digital Malawi, which is aimed at increasing access to affordable internet and ICT services.
Last on the list is the Rare Earth mining project on Lake Malombe, which falls under other sector projects.
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