Malawi hoping to woo shipbuilding investors to Lake Malawi
Malawi is looking for investors to establish shipbuilding and repair facilities on the shores of Lake Malawi.
Ministry of Transport and Public Works marine services director Laston Makudzula says potential investors have indicated their interest.
“We are looking for more investors [and] following up those that expressed interest at an investment forum held in the capital city, Lilongwe, in October. Lake Malawi has huge potential for shipping operations. If we can have our own shipbuilding yard, we will reduce the cost of acquiring ships.”
He explains that, currently, ships are built in other countries and dismantled so that they can be easily transported to Malawi, where they are reassembled at Monkey Bay port.
The investors will be expected to establish shipbuilding facilities at NKhata Bay port, including fitted workshops capable of designing, fabricating, fitting and painting cargo and passenger vessels.
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