Malawi is world’s best investment destination: Bushiri beckons Japanese investors
Malawi is world’s best investment destination, billionaire president of Shepherd Bushiri Investments (SBI) Dr Shepherd Bushiri has told Japanese investors.
Dr Bushiri made the statement Thursday afternoon in Johanesburg, South Africa, during the Japan-Malawi Investment Forum.
He was invited by the Malawi government to speak about his experience of investing in Malawi as part of giving a practical experience to the Japanese who wants to invest in the country.
In his speech, Bushiri said it took him some time to invest in Malawi because he was assessing the viability of making such a move.
“Today, I can confidently tell the world that there has never been a moment in history of Malawi where one need to make an investment in the country than today,” he said. “Investing in Malawi is a wise decision, now.”
The SBI president said there is now an overflow of what he called “political will” led by President Peter Mutharika to ensure that investors bring their money in Malawi and the business environment is conducive.
“I challenge you today. I have so many investments in South Africa, USA, Zambia, but I am going to my home country and we have already made strides. Time to invest in Malawi is now,” he said.
Dr Bushiri owns a couple of houses in Malawi and, again, he has just finalised the acquisition of a multimillion hotel in the capital city, Lilongwe
In a separate interview, Minister of Industry, Trade and Tourism Henry Mussa said the event was set up to reach out to Malawians abroad to help court investors world wide.
“Time for politicking is gone. Dr Bushiri is a son of our land. We have seen and heard the great investments that he has put in other countries. We want those investments home. As government we appreciate and welcome his decision to invest home,” he said.
The event included some of Malawi’s renowned investors such as Jimmy Korea Mpasa who had a great time interacting with Dr Bushiri.
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where did Bushir’s wealth come from? In 2011 he had nothing and now he has everything that even politcians wants to lick his shoes. Can he tell us so that we can also emulate his hard work.
it doesnt matter. wena just follow ur vision, u will also be rich. spend less time on people;’s matters
Just go to his business website
http://www.SBI.co.za or keep watching his Diplomatic services on Prophetic channel.Somebody said the Rich value information.
MY FELLOW MALAWIANS LIVING IN DIASPORA OR WITHIN MALAWI
PLEASE ! PLEASE ! LETS HUMBLE OURSELVES IT DOESNT COST US ANYTHING
THIS MAN MAJOR 1 BUSHIRI
CAN/WILL CHANGE MALAWI
TO A HIGHER LEVEL IF GIVEN
OUR SOPPORT
LETS FORGET OUR DIFFERENCES LETS GIVE HIM
CHANCE FOR THE SAKE OF
THE POOR AND OUR CHILDREN
GOD BLESS OUR LAND !
There you have a problem with your magulification idea. Bishiri has a great work to save Saul, to teach and rebuke wrong things. He has a true calling to save God and he respect his calling. Catholic bishops start the change no Archbishop or bishop resigned to take the leading of the nation. They advise their Christian what is right or wrong. Those who desert the altar cannot be trusted by God. The Levites were not leaders but priest and that was their area of calling. Don’t desert the altar with the hope you can rule , God is not dead he watches.
Malawi is not conducive for investors Politically Socially Technological and Economically factors! If I had money and want to invest in Malawi I wouldn’t just because im Malawian i would look else where too. I dont blame Bushiri for investing in SA! Govt policies are much more favourable than here. And SA is condusive for business just security might be the primary concern.
Bwana Chimanga you have talked the issue of blackouts dont you think its an area of investment too. the problem with Malawians is mindset. Look at the comments mostly negative. Indeed Malawi is a destiny for investment even in the power generation sector
The point being made is that Malawi has to think deeply on how it can create an enabling investment environment in general otherwise it will keep losing out to other competeting countries. For example, Zambia, South Africa, Mozambique and Zimbabwe have signed PPA’s with foreign IPPs (Independent Power Producers) with lucrative tax breaks. These IPPs will generate gigabytes of energy. Malawi is nowhere near attracting these type of IPPs. We have to have an attractive value proposition which currently Malawi doesn’t have. There should be a coherent energy policy with compelling framework to deliver appropriately. That’s the point that everyone is making and it’s not being negative. They’re only asking politicians to “kukonza ka pansi kuti ka m’mwamba katsike“. Just create an enabling environment.
Really? with all these blackouts? How can Malawi be the best destination?
The Japanese can invest in the energy sector then some challenges are investment opportunities
chimanga , you are indeed chimanga no wonder. Malawi is a good place to invest. If Japanese invest in energy, it means no blackout and more production. Investment is not only in production or processing tobacco , sugar, tea etc. You can invest energy. Do you expect government alone to invest in energy sector. We want people who can invest in energy sector. For example , if someone invest in energy , he has already customers. All of us will connect and imagine how many people want to have electricity in their houses. Stop thinking like a chicken . In Europe a country can have over hundred companies competing in energy sector and remember they started investing to when they had problems like Malawi. Let us love our God given country and stop looking at it in a negative angle. No wonder we are in abject poverty because we luck good reasoning.
Malawi is not the best investment destination in the world let alone in Africa.We are not even among Africa’s Top 10….Those Japanese people have forgiven you Bushiri because they know you were Joking…Does it not strike you odd that they chose to have this meeting in South Africa?….Its a Japanese -Malawi Forumn and Yet its held in another Country.
The truth is we are one of the world’s worst investment destinations…coducting business in Malawi is like peddling up a hill….unrelaible energy sources, water mixed with seweage,corruption especially at the department of immigration and MRA…….do I need to carry on?…so nothing but Mabodza awa
Absolutely true Mbwiye wapata but we have to start from somewhere. It is true that any serious investor will conduct a desktop and on-the-ground Due Diligence (DD) before investing their limited funds. Any low-level financial analyst will pick up that Malawi’s economic and financial data, which is available online, doesn’t paint Malawi in good light, even compared to its African peers. GDP, GDP growth, Per Capita Income, Gene Coefficient, Ease of Doing Business index, Corruption Index,Tax incentives, infrastructure index, access to (cheap) funds, Energy Capacity etc; are all telling a sad story of Malawi’s investment unattractiveness. Malawi is competing with South Africa, Botswana, Namibia, Kenya, Nigeria, Ghana, Angola, Mauritius, Ethiopia etc for same FDI. The government and the private need to work hand in hand to create an enabling environment to attract serious investors from the West, China, India, Japan (and even from South Africa and Nigeria). Despite their low population, Botswana and Mauritius, have managed to attract decent FDI from all over the world. Their tax regimes are so attractive (corporate tax below 20%) with liberal FOREX rules. Whilst Botswana is flourishing on diamond exports, Mauritius is leveraging on its Tourism industry. Why can’t Malawi government focus on agriculture and create compelling competitive advantage so that it becomes a serious net exporter of food globally. Malawi Press/Agriculture dream was spot on. Revive the company to run as a state company. Revive ADMARC to its original state, revive Grain Milling, revive Press Bakeries, revive Press Transport, revive all these companies, but do so in such a way that they operate on steroids and in line with modern systems and digital age. In order to achieve all these, theres need for injecting young blood and radical thinkers. We have many of those in Malawi of which Simbi and Bushiri are just but few of those. We can’t have old people with old and stale ideas running the country. We need young, vibrant, imaginative leaders who can plan, design and build Malawi so that it emulates what is happening in Seattle, Silicon Valley, San Francisco, Singapore and Tokyo.
The meeting was scheduled in South Africa because there are about 120 Japanese investors in South Africa, these are investors that are already interested in Africa, holding here in Malawi couldn’t have been ideal for these investors because it was us trying to woe them and going to Japan could have expensive and also you would talk to investors who might not be interested in Africa
Zigona choncho uzingondikira Kuwaiti kapena wina amwalire kuti mulande chuma. Reasoning poor and you will die poor.
yet he doesnt have any formal investment in malawi. dats hipocrite…
I didn’t know that Bushiri has a PhD. This PhD is in what field? When did he graduate i.e. with Bachelors, Masters and then PhD. Please help me for records and history sake. How much has Bushiri invested in Malawi as compared to South Africa, Zambia, South Sudan etc and you want investors to be believe that Malawi is a good destination for investment. Has the country solved the energy and water jig saw puzzles? The country need big investors in energy, telecommunication, water, education, health, agriculture the list is endless.
So a Japan- Malawi investment forum happened in Johannesburg. Why didnt we engage the Japanese embassy in Lilongwe to invite potential Japanese investors to Malawi itself and let them see. This is why every year presidents say I went to UN and spoke to investors and they are coming and we never see them. People don’t mind being invited to these things and listen to speakers and go back home and just laugh at us.
The one holding hands with Bushiri Is Japanese Ambassador to Malawi
No country will elevate itself to global or regional status without the support of its patriotic citizens or credible ambassadors. Malawi today is a regarded as a “forgotten and obscure” child in the global and regional arena; a worrying contrast to what it was in the 70”s and 80”s, albeit under a dictatorial leadership. We had a powerful ambassador (Kamuzu Banda) who was not shy to market Malawi on global and regional stages. He was active at selling and marketing Malawi as an preferred investment destination, with very positive results. A number of multinationals were happy to invest their funds into country, notable of which was the then Tiny Rowland’s conglomerate, Lonrho Group.
Today we have our own influential Malawians, who are successful beyond measure, in countries outside Malawi. Of particular mention are Shepherd Bushiri and Simbi Phiri. Whether we like them or not is not the point, but these two Malawians must be embraced and smartly utilised. They should be appointed formally as “brand ambassadors” to market Malawi on the global and regional stages to market Malawi. In the context of our own leaders (in corporate and government), who are too tired and irrelevant to play a meaningful role on a global and regional stage, these two characters are our only hope; at least for now.
It is worrying today that our head of state isn’t interested in taking up any roadshows to meet and engage with other African countries, to build collaborative partnerships in trade, agriculture, tourism, education, ICT and energy. Malawi has done a bad job in this area. The fact that Malawi’s political and corporate leaders do not attend WEF’s or major events on the continent, is quite worrying to say the least. Even more worrying is the absence of a head of state at the just ended signing ceremony of the much touted AfCFTA in Kigali, Rwanda. His focus has been consolidating his power in Malawi to ensure DPP re-election come May 2019. I would have thought this is the time to visit fellow leaders in South Africa, Zimbabwe, Botswana, Rwanda, Nigeria, Ghana, Kenya (of course flying commercial airline like President Cyril Ramaphosa to Kigali), to share wisdom on how to elevate Africa, particularly Malawi, to the global stage. To compound the problem, our ambassadors and High Commissioners are too weak and relaxed to market their own country, in the countries deployed.
My point is, let’s deeply embrace and engage the likes of Bushiri and Simbi to be our formal ambassadors to elevate Malawi to the global and regional stage. It will then be easy for Malawi Tourism to promote tourism into Malawi. It will be easy to export unique Malawi products to the world and the region and take full advantage of AGOA and the now signed AfCFTA
very good decision
What is this We don’t deny Bushiri is wealthy, but has he invested in his home country to warrant his guaranteeing to the Japanese to invest in Malawi?
As an Investor, this guy is on another level. It’s all clear for everyone to see now. #InvestInMalawi
kodi ndi a DR. pano? kuyambila liti? aitengela kuti? kapena zomwe zongopatsanazi?
Kkkkk koma mukwanamiza Ndani Malawi is the poorest country in Africa not world .but Africa how can become the best destination ukwanamiza ndani
you dont read the article.
Zitsiru, mukuziwa pano aboma? Your own son has alot of money to turn around the economy and all you did is frustrate him? Ana a njoka inu? Zinkhanira zosamva.
i am not convinced with what Bushiri claims to be his until when I see concrete evidence.. Government will realise later that it will be dealing with a sophisticated conman.
Coz you do not have eyes. Between DPP has the greatest con men. Check Why are they in Bushiri now with the bashing they did in the past. If there is something fishy you should suspect the side of DPP not Bushiri. Find out who approached who before making silly comments. 2019 is approaching and for sure DPP need money..