R/€ = 14.22
R/$ = 10.61
Au 1298.50 $/oz
Pt 1480.50 $/oz
Oct 19, 2001
Malawi seeks investor for hotel projectBack
Agriculture|Construction|DaimlerChrysler|Donier Systems|Malawi Development Corporation|PROJECT|Projects|Systems|Malawi|USD|Golden Sand|Lake Malawi National Park|Giant Car Manufacturer|Product|Proposed Hotel Project Site|Systems|Cape Maclear|Bakili Muluzi|Ken Lipenga|Mangochi
© Reuse this Malawi is seeking an investor for a $6,14-million hotel-construction project at one of its tourism havens, Cape Maclear in the southern lakeshore district of Mangochi.
Malawi's Tourism Minister, Ken Lipenga, reports that the Malawi government has launched a fresh hunt for an investor for the hotel project as giant car manufacturer DaimlerChrysler, which had earlier shown interest in the project, has become silent on the issue.
He says DaimlerChrysler, who wrote to the country's president, Bakili Muluzi, in February last year indicating interest in the hotel venture, had promised to assign a South African firm, Donier Systems, to conduct a feasibility study on the project. He says since then there has been no news regarding the project from the automobile maker.
"They had shown great interest in Malawi but they may have had their own difficulties regarding the project because they are not into hotels," explains Lipenga.
Malawi's parastatal responsible for undertaking development projects, the Malawi Development Corporation (MDC) has been promoting the project.
MDC has planned to build a 150-bedroom four-star hotel facility and is seeking a partner, especially one conversant with ecotourism, as the proposed hotel project site is within Lake Malawi National Park.
In a related development, the Malawi government is planning to refurbish a lodge known as Golden Sand in the same Cape Maclear area.
Lipenga reports that, after refurbishment, the Malawi government, which owns the lodge, will concession it to a private operator. He says this will be done in line with Malawi's tourism policy of letting the private sector play a key role in tourism business.
Lipenga says the Malawi government will soon make funds available for the refurbishment project. He would not detail the cost of the project.
Malawi has launched a campaign to promote its tourism sector and turn it into one of its main foreign exchange earners, as the sales of tobacco, the country's major foreign exchange earner, are under threat from the worldwide anti-smoking lobby.
One of the strategies the country is using to boost the tourism sector is the building of hotels of international standards as there are only a few hotels of that standard in the country.
Tourism contributes three to four per cent of Malawi's gross domestic product but analysts say the sector has the potential to contribute much more than that to the country's agriculture-driven economy.
Edited by: Marcel Chimwala© Reuse this Comment Guidelines (150 word limit)
Other News This Week News
Updated 3 minutes ago Thailand Automotive Parts Manufacturers Association (Tapma) president Achana Limpaitoon has expressed interest in partnering and forming joint ventures (JVs) with the organisation’s South African counterparts to grow the automotive manufacturing industries of both...
Updated 1 hour 10 minutes ago Trade and Industry Minister Dr Rob Davies has issued, for public comment, the application for the designation of an industrial development zone (IDZ) at Tshiame, in Harrismith, in the Free State, as well as the granting of an operator’s permit for an IDZ. The...
Updated 1 hour 53 minutes ago Tullow Oil drifted into the red after writing off more than $400-million in exploration costs but the Africa-focused explorer remained confident that its strategy will pay off. A disappointing run of oil wells exploration in Mauritania, Ethiopia and Norway over the...
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...