The landlocked southeast African nation of Malawi is looking for shipyards to set up business on the shores of its giant lake.
Located between Malawi, Mozambique and Tanzania the 580-km long Lake Malawi is the ninth largest lake in the world and the third largest and second deepest lake in Africa.
The Ministry of Transport and Public Works marine services director Laston Makudzula told local media: “Lake Malawi has huge potential for shipping operations. If we can have our own shipbuilding yard, we will reduce the cost of acquiring ships.”
Currently, ships are built in other countries and dismantled for transport.
The government has identified Nkhata Bay port as the ideal location to establish both shipbuilding and repair facilities.
In recent years, a number of foreign firms have established yard presences on Africa’s largest lake, Victoria, some 1,300 km to the north of Malawi.