Nico on course with hotel project | The Times Group

Nico on course with hotel project | The Times Group: "Nico on course with hotel project
Posted By: Chimwemwe Mangazion: May 11, 2018In: BusinessNo Comments
Nico Holdings Limited has said plans are at an advanced stage to commence construction of a $45 million hotel in Lilongwe as part of the company’s strategy to expand its accommodation business in the country.

Nico Holdings Chief Executive Officer, Vizenge Kumwenda, said the conglomerate will implement the project through one of its subsidiaries, Blantyre Hotels Limited. Further, he said Nico would partner a South African company to develop the property.

He said the project is likely going to commence before the end of this year."



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Nico on course with hotel project | The Times Group

Nico on course with hotel project | The Times Group: "Nico on course with hotel project
Posted By: Chimwemwe Mangazion: May 11, 2018In: BusinessNo Comments
Nico Holdings Limited has said plans are at an advanced stage to commence construction of a $45 million hotel in Lilongwe as part of the company’s strategy to expand its accommodation business in the country.

Nico Holdings Chief Executive Officer, Vizenge Kumwenda, said the conglomerate will implement the project through one of its subsidiaries, Blantyre Hotels Limited. Further, he said Nico would partner a South African company to develop the property.

He said the project is likely going to commence before the end of this year.

“We will be able to do this project because of the partnership we have with experts in property development, Eris, from South Africa. Nico Asset Managers are the ones that will do the capital raise, Blantyre Hotels will be one of the investors and our target is to break ground on construction before December,” Kumwenda said."



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MITC upbeat on 3 projects - The Nation Online

MITC upbeat on 3 projects - The Nation Online:



MITC upbeat on 3 projects

Christopher Jimu O January 29, 2018

Ahead of the third Malawi Investment Forum (MIF) in June this year, Malawi Investment and

Trade Centre (Mitc)—a one-stop investment centre—has outlined three projects to roll out this

year.

The projects, according to Mitc spokesperson Deliby Chimbalu, are the construction of Lilongwe

Grand Business Park and five-star hotel along the Lilongwe West Bypass Road, the fertiliser

project between Nkhotakota-based Mtalimanja Holdings Limited and an Indian investor and

construction of 2 500 housing units in Lilongvve, Blantyre and Mzuzu by South African investor

Nedebe Group, a company that focuses on infrastructure and property development.





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Sunbird plans to construct hotel | The Times Group

Sunbird plans to construct hotel | The Times Group:





Posted By: Taonga Sabola on: February 01, 2018

Malawi Stock Exchange-listed hospitality chain, Sunbird Tourism PLC, has disclosed plans to

construct a 100-bedroom three-star hotel in Salima. The development will bring the number of Sunbird hotels in Salima District to two after Sunbird

Livingstonia.

Sunbird Board Chairman, Phillip Madinga, has said that the Salima lakeshore is accessible from

all parts of the country through tarred roads.

Madinga said, for a long time, there has been high demand for quality hotel facilities, mainly driven

by both leisure and business segments, from the source market of Lilongwe as well as the

Southern Regiom

•As a result, Sunbird PLC has embarked on a project to construct a new three-star hotel in a

phased manner to strengthen the company's competitiveness," Madinga said.

He said the new hotel "ill also have a 300-seater conference hall, health club, spa, swimming

l, shops and other guest facilities designed to offer a unique experience to both local and

International guests





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