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Malawi invites companies to expand tea sector
Wed, 03 Nov 2010 10:07


Region
Malawi

Sector
Agriculture & Agri-processing

Summary:
Malawi, Africa's second largest producer of tea, is looking to expand the tea industry. Investment opportunities on offer include development of new tea varieties, irrigation infrastructure, and processing.
Contact
Noel G. Lihiku

Email
nlihiku@mipamw.org

Tel
+265 888 369 402/+265 999 288 073


Malawi, Africa's second largest producer of tea, is looking for investors to expand the sector.

Investment opportunities

• Development of new clonal varieties, which are more productive and of higher quality.
• Irrigation infrastructure that will generate significant and almost immediate increases in yields. 
• Upgrading of existing tea processing facilities and building new processing plants.
• Production and processing of specialty teas such as green tea and hibiscus for export

Available incentives

Incentives related to these opportunities are general and include;

• 100 % investment allowance on qualifying expenditure for new building and machinery
• Allowances of up to 40 % for used buildings and machinery
• Loss carry forward of up to seven years, enabling companies to take advantage of allowances
• Additional 15 % allowance for investment in designated areas of the country
• Duty-free direct importation of building materials for factories and warehouses
• Free repatriation of dividends, profits, and royaltie

For further information regarding investing in the tea sector, contact the Malawi Investment promotion Agency(MIPA).

Contact person:

Noel G. Lihiku
Planning and Research Manager
nlihiku@mipamw.org

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