Email a copy of 'Malawi indigenous business people demand 70% stake in foreign investments' to a friend

* Required Field






Separate multiple entries with a comma. Maximum 5 entries.



Separate multiple entries with a comma. Maximum 5 entries.


E-Mail Image Verification

Loading ... Loading ...

Sharing is caring!

9 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
yaya
yaya
7 years ago

70% will definately scare investors away.lets draw lessons from zim.

Ireen
Ireen
7 years ago

The reporter misquoted Mr Mlombwa. What he said is that IBAM want 70% of government business to be given to Indigenous Malawian businesses.

Random guy
Random guy
7 years ago

A spectacularly dumb idea. I’d laugh if Mlombwa wasn’t being so serious.

Bololo
Bololo
7 years ago

If you want to be taken seriously, talk sense and constructive. Mr Mlombwa you have the money, go on and invest. Not in ‘chicken’ business competing with a zizili farm but in large scale utility or manufacturing industry. Invest to add value and export. Earn forex. You want protection show the government you mean business. no wishful thinking but doing. Malawians with capability lets stop being busy thinking NEGATIVE, thinking someone is stealing our business, thinking someone’s success is at our expense (the spirit of witchcraft). What we should know is that nature abhors vacuum. If we don’t take opportunities… Read more »

palanaikos
palanaikos
7 years ago

kikikikikiki chamba eti!!!!!!!!!!!!!!!!

RightWrong
RightWrong
7 years ago

This is by far a load of BS. Which foreigner will come and invest here, put his hard earned cash and give it to a so called indigineous Malawian who doesn’t know head or tails of business. More over the Malawian person must enjoy 70 percent stake for what? Sitting on his fat ass? This new seating in Blantyre is a waste of time. Just go and steal from government like you have been doing. Tax collection will improve in your dreams …which container business or market vendor pays tax?? Which indigineous Malawian pays duty when coming from SA in… Read more »

Mwalonde Ken
Mwalonde Ken
7 years ago

70%? Then why not embark on the investments now, seem like you have the capacity to take huge capital investments already. Otherwise only a fool can expect a majority share when they can only invest K250.00 out of say K20 billion.

Truth
Truth
7 years ago

In other words, he wants people to reap where they did not sow. If that is the case, let the local INDIGENOUS businessperson invest 70% of the Investment value to truly earn his 70% stake. Unfortunately this is the common situation in Malawi, people without the initiative or capital to invest want to now start imposing restrictions on those who do. And how exactly will this policy increase Tax Revenue Collection Mr. Mlombwa? Forgive my blatancy but over 95% of the Cashgate Criminals are Indiginous Malawians as you call it, did they pay tax on what they stole too??? This… Read more »

Jimmy
Jimmy
7 years ago

WHICH FOREIGNER WILL COME TO MALAWI
TO DO BUSINESS AND GIVE A LOCAL 70% IN
THE BUSINESS!..
IN FACT NO FOREIGNER WILL SHARE HIS BUSINESS
WITH A LOCAL FOR FREE!…
MALAWIANS ALWAYS ARE LOOKING FOR HANDOUTS..

MALAWI IS NOT AN ATTRACTIVE DESTINATON NEITHER IS IT
SAFE FOR BUSINESS…

THE ENTIRE CONTINENT IS UNSTABLE AND VOLATILE..

SERIOUS INVESTORS DONT INVEST IN SUCH A DANGEROUS
UNSTABLE PLACE AND ALSO GIVE AWAY 70% OF HIS MONEY..

LOL…LOL????

Read previous post:
Health standards in Malawi prisons deteriorate, says NGO

A local NGO has bemoaned the deteriorating health standards in prisons, saying the situation is getting out of hand. Ivy...

Close