Page 41 - 41st Summit Brochure

are also opportunities to develop new export-oriented production and attract
forests that may result in logging supply FDI. These initiatives will offer a
agreements for harvesting and cutting of combination of world-class infrastructure
existing timber. and expedited customs and administrative
procedures that overcome barriers to
Tourism investment in the wider economy. Firms in
The Government offers attractive investment the processing zones will be offered
incentives in the tourism sector, with favourable investment incentives in order
eligibility for exemption of various import to stimulate production of export
duties and import excise duty on various commodities.
goods at construction and operational stages.
There are rewarding investment • Transport Infrastructure
opportunities in the sector waiting to be Transport infrastructure is one of the
explored including ecotourism, construction prerequisites for investment and is a key
of hotels, camps, lodges and cottages, component in creating an enabling
conference facilities, water-based sports and environment for private-sector-driven
facilities, wilderness safari, travel and tours, growth and provision of timely and quality
game and forest lodges, casinos and services. Government is committed to
entertainment centres. develop roads, railways, air and water
transport infrastructure and connect them
to regional transport corridors.
INVESTMENT ENABLING
ENVIRONMENT TOURISM
Malawi offers the following policy Malawi is the “Warm Heart of Africa” and
environment to sustain investments and is genuinely friendly, safe and in many
partnerships. ways unspoilt. Malawi’s unique selling
point is the sheer variety of attractions 39
• Information Communication within comparatively short distances. The
Technology (ICT)) country is endowed with natural and
Malawi aspires to have a robust ICT cultural tourism assets which form five key
infrastructure with cross-country coverage product lines -- Lake Malawi, Wildlife,
of reliable and affordable services fostering Nature/Landscapes, Culture, and MICE
technology adoption and digital access. (Meetings, Incentives, Conferences and
The goal is to increase use of ICT and Events).
ensure universal access to ICT products
and services to improve service delivery in • Lake Malawi
public and private sectors. The national Regarded as the Jewel in Malawi’s tourism
agenda for developing the sector is crown, Lake Malawi has cool clear blue
presented in the Malawi 2063 vision. The waters paired with golden sands that make
focus is on increasing access to ICT, unforgettable attractions for visitors. At an
providing well-developed ICT broadband impressive 580 kms in length and 75 kms
infrastructure services, increasing the wide, this is the third largest lake in Africa,
number of ICT-skilled and industry-ready with a total surface area of 29,600 square
technical experts in the workforce in kms and a water volume of 8,400 cubic
public and private sector institutions, and kms, which make it the fifth largest
improving efficiency in postal services. freshwater lake in the world by
volume.
• Investment Zones The main attractions of
In order to stimulate rapid economic Lake Malawi are its discreet
growth, particularly through island hideaway properties,
industrialization, the government is its smart lakeside lodges
developing Special Economic Zones and and great opportunities to
Export Processing Zones to facilitate dive, snorkel, kayak, sail