Page 40 - 41st Summit Brochure

country offers several investment and Aquaculture and Fisheries
partnership opportunities in many sectors as The sector comprises of fisheries, aquaculture
follows, and enjoys access to seaports of the and aquarium sub-sectors and accounts for 1.2
region. percent of the GDP. Lake Malawi contains
more species of fish than any other lake
Agriculture and Agro-processing
globally, including more than 800 endemic
The economy is agro-based with the fish species, offering a variety of investment
agriculture sector contributing 23 percent to
opportunities across the value chain. Malawi
the GDP. The sector is currently dominated by intends to accelerate commercialization of
small-scale producers with potential to
both the fisheries and the aquaculture sub-
improve productivity on the farms. The sector through construction of large
Government is committed to promote
aquariums, fish landing centres and value
commercial agriculture based on addition sites along Lake Malawi through
competitiveness and value-chain
Public Private Partnership investments.
development, through the creation of
conducive agricultural investment and trade Mining
policies to provide security and direction in Mining has vast potential for the development
the sector.
of the economy through both local and
Agriculture-related investment international investments, and currently
opportunities obtain in large-scale farming;
accounts for just one percent of GDP. Malawi
agro-processing; agriculture financing- is endowed with an abundance of rare earth
services; and agriculture infrastructural
minerals, as well as bauxite, uranium, graphite,
development, including irrigation and vermiculite, coal, gemstones, alluvial gold,
technology advancement. Specific investment
monazite, phosphate, pyrite, limestone, glass
opportunities include cold room and
sands, dimension stone, and titanium- bearing
transportation infrastructure; processing mineral sands. Gemstone exports are
38 factories for value addition to make puree, dominated by aquamarine, amethyst, red and
spices, pastes and juices; storage, cleaning and
rhodolite garnets, quartz and feldspar.
grading facilities; market development and
contract farming. The Government has Energy
designated agriculture and agro-processing as
Malawi has a growing demand for energy,
a priority industry which enjoys zero-rated
following increased industrial activities and
corporate tax up to 10 years.
population growth. This will be augmented to
meet demand in expanding manufacturing,
Manufacturing
mining and agricultural activities in the medium
Malawi has a growing manufacturing sector,
to long term. According to the Power Demand
mainly in food and beverages and chemical
Forecast of the Integrated Resource Plan (IRP)
industries, accounting for 12 percent of the
of 2017, Malawi’s demand will reach 2,500
GDP; and a growing and outward-oriented
megawatts by 2035. Huge private investment is
manufacturing sector that can contribute
required to meet the increasing energy demand.
significantly to job creation and export
Specific investment opportunities exist in
diversification. Government introduced
hydropower generation, distribution and
incentives for the sector, including loss carry-
transmission, solar energy, wind energy, fuel
forward for six years, 100 percent capital
storage and oil pipeline facilities and thermal
allowance on new and unused plant and
power plants.
machinery and industrial building, and a 40
percent capital allowance on used plant and Forestry
machinery and industrial building.
Malawi is endowed with several magnificent
Investment opportunities exist in textiles
forest reserves filled with woodlands and an
and garments manufacturing; farm input
outstanding variety of plants and indigenous
chemical production; bicycle assembly;
trees. These forests offer specific investment
supply of building materials; household
opportunities in value addition by processing
electrical fittings such as cables, plugs,
timber and timber-based products such as
switches; and engineering materials such as
blackboards, chip boards and plywood. There
steel-based products.