Investors brand Malawi a risk country, says Mlombwa

Indigenous Businessmen Association of Malawi officials say foireign investors are scared to put their US dollars in the country because of junk investment rating which puts Malawi as a risk country for investment.

Mlombwa: Malawi is being viewed as a risk country

Mlombwa: Malawi is being viewed as a risk country

Mike Mlombwa, chairman of the association said investors are scared because of the unpredictable shaky and dwindling economy, the unstability of the kwacha and the high inflation rate, among others.

“I attended the Japan/Africa summit in Kenya recently. Most investors said they cannot come to Malawi because the country is a risk country in investment. I urged and pleaded with them to come because their coming would improve the situation,” he said.

Malawi Investment and Trade Centre spokesperson Delby Chimbalu said the country has attracted 12 foreign investors who are bringing US$300m.

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Gogodasi
Guest

Chimbalu, can you be transparently tell us which 12 investors you are talking about and from which countries? We don’t want to hear about Chinese investors who are coming here to rake our economy and whose investment drive is politically motivated. We need to hear about genuine investors that Malawi will benefit from, but benefiting one or two family members as is the case now. What you have said is a big lie and Mlombwa’s claim is right.

Mbwiye
Guest

Komanso magesi akutibwezelesa mbuyo

joen
Guest

SWOT analysis

Mndambala Boy
Guest

Kikkkkkk ZAMANYAZI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Clear Eyes
Guest

Mike, you just might be part of the problem, with your constant calls for foreign shareholdings to be limited in Malawi. We are all for empowerment, but not as a gift or born right – it must be earned. You, however, are anti-foreign, even xenophobic. The potential investors you met probably researched you and realised the danger you (and people like you) pose to any investment they may have been considering in Malawi.

The Analyst
Guest
O………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….O Mlombwa is just being naive here . . . . . . How could he ask investors to come and improve the situtaion? And how? By losin their money? Haa! Indeed there is a tincture of madness in patriotism. . . . Show me these 12 investors coming to Malawi with the US$300mn, and I will show you people who are coming to help politicians loot this country. . . . I implore you to point at these 12 investors, and I will show you money “launderers”. ……………………………………………………………………………. Truth is, no any sane or genuine investor (with clean money)… Read more »
Wa Nzeru Wa Ku Mmawa
Guest

Thanks. You have said it all.

Wa Nzeru Wa Ku Mmawa
Guest
FDI is a tricky endeavor. Investors often look at what foreign countries have to offer in order to attract them. They often don’t look at opportunities but rather what threats and risks are there. Nobody is willing to venture into risky FDI. Large multinationals may sometimes take the risk since if their businesses fail in one country they can just close it and move to another country. Small MNEs however because of the level of their financial muscle usually do no risk it, they only invest where they are assured of maximizing profit. Malawi, despite all the opportunities it offers… Read more »
mbolo yanga
Guest

They also look at opportunities you buffon. kkkk what kind of an economics commentator are you?

Wa Nzeru Wa Ku Mmawa
Guest

Your name says it all. A penis!. Every country has opportunities you buffoon/fool. We don’t say bufon you fool. Check your spelling. Why dwell on opportunities which every country offers?

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