Home / Knowledge / News / Textiles / Biggest Chinese cotton agriculture project initiated in Malawi
Biggest Chinese cotton agriculture project initiated in Malawi
29
Jun '09
The largest agricultural project of China's investment in Africa--"China-Africa Malawi Cotton Corporation” was officially put into operation on June 25 in Baraka area, Malawi, a southern African country.

The total investment of the project will be US $19 million, aiming to promote the level of cotton processing in Malawi through development of seeds optimization, cotton ginning, oil squeezing and spinning.

"China-Africa Cotton Industry Development Co., Ltd." is responsible for the investment project in Malawi, which in turn has been formed and established with investment from four other companies.

In addition to Malawi, the company is also responsible for a cotton investment project in Mozambique, also in the African continent and the total investments of the two projects could reach $34.721 million.

According to Zhao Jianping, chairman of China-Africa Development Fund, the cotton project in Malawi is the first agricultural project in Africa invested by China-Africa Development Fund.

The first phase of the project will employ 1,000 local people, and purchase cotton directly from 50,000 cotton farmers in Malawi, which will push up their incomes. It is in line with a philosophy set by China-Africa development fund.

Malawi is an agricultural country and it is one of the least developed countries as announced by the United Nations, but its economy has maintained rapid development in recent years.


Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search