the warm heart of
Africa
Sports & Entertainment | Membership & Subscriptions
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the warm heart of Africa |
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Sports & Entertainment | Membership & Subscriptions |
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INVESTMENT OPPORTUNITIES IN THE TOURISM INDUSTRY |
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Although relatively small in size compared to other African countries, Malawi is a beautiful country with varied topographical features ranging from high rising plateaux to low lying areas along the lakeshore and the lower Shire area. As such, Malawi wishes to reposition herself as a leading eco-tourism destination in the medium term. Many areas have been earmarked for high quality eco-tourism projects which offer potential investors a lot of opportunities. To encourage investment, Government has the following policies:- • Freedom of investment by local and foreign investors in any sector of the economy with no restriction on ownership. • Abolition of industrial licences. • Simplification of procedures for company formation and business registration. • Acceleration of transfer procedures for industrial and commercial land. • Development of new industrial sites and new frameworks for private development sites (including sub-leasing). • Reduction of taxes and duties. • Improving domestic and external transport routes. • Adequate availability of foreign exchange. • Adequate access to local financing and improved competition in the banking sector. • Freedom of investors to employ workers and ready availability of temporary residence permits for expatriate personnel. • Continued support for small-scale and medium-scale enterprises through training, and technical and financial assistance. • Introduction of additional incentives to encourage export- oriented investment. • Expanding the range of bilateral investment agreements to secure protection for investor's assets. • Providing access to international arbitration forums to settle disputes amicably. POTENTIAL SITES
The Strategic Tourism Development Plan has identified the following areas for eco-tourism development. Likhubula Falls Eco-Tourism Project An opportunity exists for construction of twenty-five eco-tourism accommodation units at Dziwe Lankhalamba Pool, at an elevation of 1,000 metres on the western slopes of Mulanje Mountain. Manchewe Falls The site is 4 km from the historic Livingstonia Mission in northern Malawi. Investment is needed to construct a two storey eco- lodge with fifteen double rooms. Likoma Island Projects - Chiponde Site The Chiponde site is on the southwest shores of Likoma Island. Likoma has a diversity of attractions and the market envisaged for the unit is local, regional and international or long haul. Ulisa 1,2 and 3 Ulisa is on the western shore of Likoma Island where sand bays are protected by granite rock outcrop. Maleri Islands These are three Islands in the northern part of Lake Malawi National Park. A multi purpose structure incorporating a restaurant/bar/lounge with 20 independent grade separated units built with natural materials would be suitable. Nkhotakota Wildlife Reserve A total of four sites have been identified for eco-tourism development in Nkhotakota Wildlife Reserve. A Five Star Hotel in Lilongwe and an International Conference Centre. Another opportunity exists for investment in a luxury hotel in Lilongwe, the Capital of Malawi where most visitors coming to the country come to meet Government officials and conduct their business and where the diplomatic community is based. For more information contact :
Malawi Tourism Association PO Box 1044 Malawi Investment Promotion Agency Aquarius House |
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PO Box 1044, Lilongwe, Tel: +265 (0)1 770 010; (0)1 774 713 Tel/Fax: +265 (0)1 770 131 Cell: +265 (8) 865 250 Email: mta@malawi.net |
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