$2.6bn Cape Maclear investment project to start 2018 – Malopa
The ambitious US$2.6 billion (about K1.9 trillion) Cape Maclear Investment Project is set to commence in lakeshore district of Mangochi in 2018 which if done may change the face of the area, according to project promoter Bright Malopa.
The Cape Maclear Investment consists of three projects conceived and pursued by Cape Maclear Hotel and Golf Resort Limitedand comprises a Special Economic Zone (SEZ) spread within the radius of 30km around the Cape Maclear peninsular, a state-of-the-art international airport covering a five square km stretch at Namiyasi and a smart town linked to the SEZ.
“Within the SEZ, there will be world class resorts spreading across a stretch of 275 hectares from Malembo to the Cape with a chain of high class hotels,” said Malopa in an interview.
Malopa and new Executive Chairman and key investor of the Cape Maclear Holdings Limited Ross John Beatty paid a courtesy call on President Peter Mutharika to brief him on the project.
The project will also have an international financial zone around Sauya Village along the Monkey Bay – Golomoti Road and 850 holiday homes for the rich who will want to spend their money in an exciting environment.
“Mangochi is the centre for Sub-Saharan Africa and the idea is to turn the SEZ into an economic hub for the region within a five hour-flight radius, hence the construction of the airport because without it, the whole dream within the SEZ would be a white elephant,” said Malopa.
Cape Maclear Holdings Limited includes renowned global investors, Trivest Investment Group of Bahamas, Neo Energy of UK and China Harbour Engineering Company.
On the local scene, Export Development Fund, a Reserve Bank of Malawi subsidiary, forms part of Cape Maclear Investment Holdings.
The new project is also expected to create approximately 30, 000 jobs.
Malpa said CMI is exploring possibilities of empowering locals with the help of United States Agency for International Development (USaid) to invest in fish farming to supply the resort and other external markets.
Tourism experts say this is an ambitious project that could change the face of Monkey Bay and turn it into a mini city.
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Envolope ya ziphuphuphu iyo ………
Chitukuko chikamasowa mudziko, mukuti boma likulephera. Chitukuko chikayamba kuchitika, mukuti ndi campaign. kodi chomwe mukufuna ndi chiyani anapanyini paamanu inu? kumangokhalira kutsutsa zili zonse ana amahule inu.
better be done than not done.
Maganizo awa ngofunika kuwaunikira: 1. Anthu amene akukhala kumaloku mukawasiya kuti ndipo compensation ichokera kuti? 2. Ku Cape MacLear ndi Unesco heritage site. malinga ndi Lake Malawi National Park. Conservation ya malowa mukuti nayo bwanji? 3. Bizinesi ya ndege kumalawi siiyenda malonda. Business assessment mwachita liti kuti mudziwe kuti hotelo ikatsekulidwa alendo abwera? 4. Magetsi mukulephera kukwaniritsa panopa. Kodi munthu olephera kukwaniritsa madamu kuchipinda ungamafune kuti ukwatire mitala? 5. Kodi policy ya boma pa nyanja ndi chani? Nokha mukufuna muchite drill petrolium komanso pomwepo pali national park. Lero mukufuna hotel. Kodi kwenikweni ndi chani? 6. Kodi maganizo amenewa sitingachite partner… Read more »
This is great! we need more of such ambitious projects especially along the Lake shore districts. Thumbs up Bright. I salute the spirit of walking the talk.
Cape Mclear will nerver be the same. What about the fish which is there? Why not build electricity for the whole country first? That project will not finish tomorrow. It can take years before it can operate. APM will not be there. This is campaign
Za ziii. Another white elephant. I don’t even want to bet on this! It won’t take off. If I does then it’s a $2.6million not a $2.6billion project!!!
This is a very brilliant project i must admit. We need more of these i our beautiful country. But also, what happened to the famous Nkhata-Bay 2020 vision/project?
Without adequate power in this country this is none starter. I hope there is such a plan to invest in power within the 2.6 billion us$, otherwise this is long overdue at cape maclear. Even though I feel the place is already a God’s given gift which just needs good roads, good accomodation for all classes of people. The other part of these Millions can be invested at other parts of the lake including the shire river.