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Malawi Government seeks investor for US$263-million Likoma tourism project
October 28, 2024 / Admin
By Christopher Jimu
The Likoma Activity Centre on Likoma Island is expected to cost interested investors about $263 million to develop it, according to estimates from the government.
The project aims at enhancing the tourism experience at the Island by developing an aquarium to promote awareness of Lake Malawi unique fish species, along with a jetty, casino, luxurious hotel as well as running tracks.
It will also include waste management facilities, cruise ship, expansion of the airport runway and terminal, retail shops and many more.
Principal Secretary for the Ministry of Tourism Chauncy Simwaka says in a Press Statement that the Ministry developed a masterplan which highlights 103 strategic areas for coordinated development with the private sector, and includes the Likoma Activity Centre Project.
Reads part of the statement: “From the 103 investment opportunities outlined in the Malawi National Tourism Investment Masterplan, 10 priority projects were singled out and pre-feasibility studies undertaken. Amongst these 10 priority projects is the development of the Likoma Activity Centre on Likoma Island.”
He explains that in-line with the government of Malawi’s policy on Investment and Trade Promotion, the Ministry of Tourism refers any potential investors to the Malawi Investment and Trade Centre, as the focal point of contact, for further processing of any expression of investment interest.
“To further enhance sector investment, the Ministry is also collaborating with the Ministry of Lands, and Ministry of Local Government, Culture and Unity and District Councils to promote all the 10 priority projects in the masterplan including the development of the Likoma Activity Centre on Likoma Island,” Simwaka states.
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Rehabilitation:
The establishment of a stable and self-sustaining ecosystem, but not necessarily the one that existed before mining began. In many cases, complete restoration may be impossible, but successful remediation, reclamation, and rehabilitation can result in the timely establishment of a functional ecosystem.
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Remediation:
The cleanup of the contaminated area to safe levels by removing or isolating contaminants. At mine sites, remediation often consists of isolating contaminated material in pre-existing tailings storage facilities, capping tailings and waste rock stockpiles with clean topsoil, and collecting and treating any contaminated mine water if necessary.
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