Project Ownership
Countrywide Hotels and Resorts Limited
Business Model
The project involves construction and Operation of Resort Hotel in Chintheche, Nkhatabay along Lake Malawi.
Objective of the project
The project will contribute in the Tourism Sector in Malawi by having a new hotel constructed and to have a sustainable revenue generating business.
Sector of Operation
Tourism
Business Activity
Hotel and Hospitality
Competitive Advantage/gap analysis
Fitting in the growing tourism industry in Malawi

LOCATION
Actual location of project
Chintheche, Nkhatabay.

Prominent business activity surrounding your place of operation
Being a district that is along the lake shore of Lake Malawi, there is a lot of Tourism, Conferencing and General trading activities taking place that would provide a readily available market for our business. There is also a lot of Fishing and Farming activities taking place albeit being at smalls scale.

BENEFITS OF THE PROJECT/ALIGNMENT OF PROJECT TO GOVT GOALS
Contribution to achieving national, regional or global economic, social, environmental and developmental goals
The project will contribute towards achieving Government objective of ensuring that tourism is developed and promoted in a manner that brings meaningful economic benefits to the people of the country. The project will contribute towards creation of employment

Export orientation/forex generation
The project will contribute towards Forex generation through tourism
Value addition
This project directly answers to the Government’s call for value addition as it will work with various players in the Tourism value-chain in delivering its services.

FINANCIAL REQUIREMENTS
Capital Expenditure Requirement – USD 5,000,000,000 (One million dollars)
Working Capital Requirement – USD 100,000
Proposed Financing Structure – Debt and Equity partnerships

PROPOSED INVESTMENTMODEL (ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE)
Joint venture partnership – our 30% and their 70% or 40:60, Financing – 100% Debt

PROJECT FEASIBILITY
Technical Feasibility
The technical Feasibility documents have been completed by the Project Developer/Promoter.
Feasibility Study
The project Feasibility documents was undertaken and completed by the Project Developer/Promoter.
Environmental Impact Assessment
The project Environmental Impact Assessment is not yet conducted
Technical Designs
All Technical Designs have been done
Licenses
The project promoters have acquired a Tourism License
Market Feasibility Study
The Market Feasibility study was done
Financial Feasibility
Internal Rate of Return – 30%, Net Present Value – USD 500,000 and Payback Period – 10 years

CONTACTS
Mike Mlombwa, Managing Director, Countrywide Group of Companies, P.O. Box 975Blantyre. Tell: 01 822 434 / 0999 935 414 / 0888 835 41
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