LILONGWE (Mana) -The Organizing Committee of China-Zambia and China-Tanzania Friendly Cultural Exchange Program, has expressed interest to invest in a number of areas in form of grants and loans.
Speaking in Lilongwe, Principal Secretary for Trade and Industry, Cliff Chiunda, said some of the projects include constructions and rehabilitation of highways and railway lines in the country, and coal-fired power generation plant.
He said the investors were also interested to invest in other new areas as well apart from the programs they highlighted during the Malawi Investment Forum (MIF) which held from 29 – 30 June, 2015 at the Bingu International Conventional Centre (BICC) in Lilongwe.
“As government of Malawi we are more than happy, we are excited to receive these investors, but now what is remaining is for them to work with the relevant ministries so that they come up with concrete agreements for them to start negotiating and then putting the agreements into effect,” said Chiunda.
He said Government expected this to be done as soon as possible and that there should be some commitments with the Malawi government in form of Memorandum of Understandings (MoUs).
“We are yet to get response from our lawyers at Ministry of Justice and Constitution Affairs to provide necessary guidance on how these agreements could be conducted,” explained the PS.
He said as government they were pushing the deal to be sealed as soon as possible and that the investors were also keen to roll out as soon as possible.
Managing Director for the Organizing Committee of China-Zambia and China-Tanzania Friendly Cultural Exchange Program Reuiqi Zhang thanked the Malawi Government for inviting them to the forum.
Reuiqi said what impressed them most was the coordination which was there during the two days of the forum.
“We received a communication through our Embassy, asking for us to attend the forum which was organized by the Ministry of Trade and Industry,” said Reuiqi. “We will do anything possible to help people of this country in different categories.”