Companies from South Africa and the United Kingdom are interested in investing at the yet-to-be opened Bingu National Stadium (BNS) in Lilongwe, the facility\u2019s Operations\u2019 Manager, Eric Ning\u2019ang\u2019a, confirmed on Monday.<\/p>\n
\u201cApart from local companies, there has been a lot of interest from foreign individuals. One of the foreign investors wants to set up a sports academy and the company has already submitted its profile. The other investor is interested in [offering] the security of the stadium,\u201d said Ning\u2019ang\u2019a while refusing to reveal the identities of the investors.<\/p>\n
Over 20 local investors turned out for a consultative tour of the facility early this year on the invitation of the Ministry of Labour, Youth, Sports and Manpower Development.<\/p>\n
The stadium opening delayed because government needed extra money outside Chinese funding. Parliament approved K841 million for the completion of the facility\u2019s sewer line, electric and network cables.<\/p>\n
\u201cThe contractor is working with speed. Hopefully, before the end of this year, we will have the stadium opened,\u201d he said.<\/p>\n
Chinese Contractor, Anhui Foreign Economic Construction Company (Affecc), using a concessional loan from the Chinese Government to the tune of US$65 million (about K29 billion), constructed the stadium.<\/p>\n
A match between Malawi National Football Team and their Chinese counterparts has been earmarked for the opening ceremony of the stadium.<\/p>\n","protected":false},"excerpt":{"rendered":"
Companies from South Africa and the United Kingdom are interested in investing at the yet-to-be opened Bingu National Stadium (BNS) in Lilongwe, the facility\u2019s Operations\u2019 Manager, Eric Ning\u2019ang\u2019a, confirmed on Monday. \u201cApart from local companies, there has been a lot of interest from foreign individuals. One of the foreign investors wants to set up a […]<\/p>\n","protected":false},"author":3,"featured_media":27571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-34362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/34362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=34362"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/34362\/revisions"}],"predecessor-version":[{"id":34364,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/34362\/revisions\/34364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/27571"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=34362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=34362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=34362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}