**Malawi Launches $2.4 B Mega‑Farm Initiative to Attract Foreign Investment**
*Kigali, Rwanda –* Malawi announced today that it is seeking approximately $2.4 billion (about K4 trillion) from private investors and development partners to finance the development of 470,000 hectares of irrigable land earmarked for large‑scale farm projects across the country. The appeal was made on the sidelines of the Africa Food Systems Forum in Kigali.
The government’s plan aims to transform Malawi’s agricultural sector by creating a network of mega‑farms that would increase food production, boost exports, and generate employment. The investment would cover land preparation, irrigation infrastructure, and the establishment of processing facilities.
Malawi’s officials said the project would be implemented in partnership with international development agencies and private sector investors. They highlighted the potential for the initiative to improve food security and enhance the country’s competitiveness in regional and global markets.
The announcement was made by Malawi’s Minister of Agriculture during a press briefing in Kigali. The minister emphasized that the country is ready to engage with investors and that the project aligns with Malawi’s broader economic development strategy.
The Africa Food Systems Forum, which brings together policymakers, investors, and industry leaders from across the continent, served as the platform for the announcement. The forum’s agenda includes discussions on sustainable agriculture, investment opportunities, and food system resilience.
No further details on the specific investors or the timeline for the project were provided at the time of the announcement.
Article source: nyasatimes.com | Image credit: Nyasa Times
