Malopa pitch for $2.6bn Cape Maclear Project at UK-Africa investment summit

Promoter of an ambitious Cape Maclear the $2.6 billion (K1.9 trillion) project in lakeshore district of Mangochi, Bright Malopa,  attended the UK-Africa investment summit seeking to attract more investors to project that could change the face of Monkey Bay and turn it into a mini city.

Malopa beckons investors in London

Malopa, who is an employee of Malawi Communications Regulatory Authority (Macra), is on rcord saying investors have shown interest to fund part of the venture consisting three projects conceived and pursued by Cape Maclear Hotel and Golf Resort Limited.

He is on record saying they have already identified sponsors, including NEO Energy Asia, China Harbour Engineering from China, Al Manhal International Group from Abu Dhabi in United Arab Emirates (UAE) and AE7 Group of Companies as project finance and development managers.

However, Malopa has been taking on social media photos of his meetings in London where he has been beckoning  investors to fund part of the tourism project.

“Cape Maclear Resort Project will consist  $750 million [K549 billion] touristic, leisure and residential project featuring five hotels, 700 serviced residences, a signature golf club and golf course, tennis academy, a marina,  an aqua park, an aquarium, a cultural village and a major events arena. We want to have this project take off,” said Malopa.

According to Malopa, investors are  ready to pump into this project between 30 percent and 40 percent of the total project cost whereas the rest will be debt from PTA Bank, African Development Bank (AfDB), Afrexim, KFW and HSBC and hedge funds from Switzerland subject to clear position on Mangochi Airport.

Malawi Investment Trade Centre (Mitc) said Cape Maclear Initiative is one of the projects in the compendium that country took to the London summit.

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Dawn
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Dawn

But guys i hope you people will not sale our country, we keep looking for investors!

Ineyo
Guest
Ineyo

This has always been and will remain a very stupid idea. They can’t get the land rights. the environmental impact would be disastrous. There’s too much protected area in Cape Mac. The villas are overpriced and would never sell. There’s no demand locally for such a lavish investment. Mangochi and this fantasy idea have nowhere near the economy needed to sustain a whole international airport, aquariums, power plants, tennis academy etc. No investor would get their money back within a century. There’s far better uses for $2.6bn into this country instead of these silly fantasy theme park ideas. Tired of… Read more »

Bibo
Guest
Bibo

This Malopa bulldog is nothing but a noise dispenser. He has been pitching for this project for close to 3 years now but nothing tangible envisaged on the ground. Malopa likes publicity but is devoid of expertise to promote the impoverished country. The problem is Malopa thinks he is one of the movers and shakers, but unfortunately, the boy is just one of those overzealous Lomwes who think beyond their scope. Cape Maclear will be developed by real thinkers and planners.

Sabata
Guest
Sabata

So this was a just paper work but where are the drawings

Mandado@147
Guest

Same story as APM since when having we been hiring shown interest meet investors but a few year down the line Malawi has nothing to show for it but blackouts, corruptions and demos plus Chinese criminals posing as investors! How many investors have Peter meet with all his western foreign trips and how many which one came with visible investment in Malawi benefiting Malawians?

masoambeta
Guest
masoambeta

Malopa the same dog who licked Bingu’s tail end And amassed wealth from shady deals?? Koma mwatitola anyani inu.

BWITOTO
Guest
BWITOTO

Kudikwata ndi chala. Keep on dreaming.

Kapado Chimulirenji
Guest

Who funded his trip to the UK?

Zamoyo
Guest
Zamoyo

Normally azungu take off their huts indoors……..

amadeus
Guest

I was also wondering what type of manners he has!

Chimidzi kwaeni..
Guest

It’s winter in the west, but only outside, not indoors.

Truth Seeker
Guest
Truth Seeker

This project is pure and simple money laundering by unscrupulous Dubai based Indians and for smuggling through the airport.