Some foreign investors who recently visited Likoma Island have shown commitment to invest in various sectors of the economy on the island.
Confirming the development to MBC, District Commissioner for Likoma, Ababukar Nkhoma, said the investors have shown interest in tourism, gaming, sports and transportation.
He said among others, a European investor is keen on a multi-billion-dollar tourism infrastructure development project on the Island and the company will build a five-star hotel among other hospitality facilities.
He said the investors have also shown interest in expanding Likoma Airport and intend to construct state-of-the-art sports complex and a golf course on the island district.
Asked when the project will commence, the district commissioner said what remains is the paperwork between government and the investors and that the council will soon engage the community on the upcoming projects.
He further said the investors have been assured that over 300 people will be employed once the construction commences.
Reported by Chisomo Manda
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