Malawi business persons have been urged to engage in a franchise with foreign investors as one way of changing the mindset of being pessimistic in the trade.
Zomba-based entrepreneur Peter Chikhungwa made the call on Friday during a media tour of the new Steers Restaurant in the old capital which officially opens this Tuesday.
Chikhungwa, who is owner of Sellies Enterprise, has franchised the fast foods restaurant with Famous Brands of South Africa.
He said most local business people underrate themselves and depend on foreign investors to open their business in the country.
“It does not make business sense when one is pessimistic. We have to move with the times and enter into agreement with the foreign investors to open business in the country. In so doing, we can be assured of more gains both as an individual as well as the country,” Chikhungwa said.
The young entrepreneur further urged the youth in Malawi to be focused and work hard in order to achieve their goals.
He was speaking in the wake of some youths who wait to be employed as opposed to being employers themselves.
“This tendency of waiting for white collar jobs cannot take us anywhere. It is time that the youths stand to be counted and fend for themselves in order to make a living.
“We have the potential to develop our country like I have done. Zomba City is gradually growing and there is need for it to have business facilities of international brand like Steers,” he said.