In a major step towards agricultural transformation and economic growth, the Malawi Investment and Trade Centre (MITC) has signed a $50 million partnership with China’s Huaihua Yongcheng Agricultural Technology Development to establish the China-Malawi Agricultural Industrial Park in Salima.
The agreement was sealed at the 4th China-Africa Economic and Trade Expo (CAETE) held in China.
According to a statement from MITC Director General Kruger Phiri, the 5,000-hectare project is a milestone in modernising Malawi’s agriculture sector and advancing long-term, sustainable economic development. The initiative blends Chinese agricultural technology with Malawi’s fertile land and entrepreneurial potential.
Phiri noted that the project aims to enhance food security, boost industrialisation, attract foreign investment, and position Malawi as a competitive player in regional agri-trade. He further highlighted that the government will hold a 30% equity stake through a Special Purpose Vehicle (SPV), ensuring long-term benefits for Malawians.
The industrial park will feature integrated farms, agro-processing zones, modern logistics hubs, and a one-stop investor service centre. It is expected to empower smallholder farmers, introduce advanced farming technologies, and strengthen agro-value chains across the country.
Malawi was selected for this investment among 54 participating countries at the Expo, reflecting growing international confidence in the nation’s agricultural potential.
