Zimbabwe’s Machibaya of Homelux Group ready to invest in Malawi

Minister of Foreign Affairs, Eisenhower Mkaka has described investors as key drivers for economic growth and development of any country.

Some of the apartments built by Homelux group of companies. Pic by- Andrew Mkonda-Mana
Mkaka (R) talking to Machibaya of Homelux group of companies-Pic by-Andrew Mkonda-Mana
Mkaka (2nd R) being shown the plan for cluster apartments-Pic by Andrew Mkonda-Mana

Mkaka was speaking on Monday in Harare, Zimbabwe after meeting a potential investor who has showed interest to invest in Malawi in a number of areas such as agriculture and infrastructure development including construction of university accommodation apartments among others.

The minister said currently, government is in the process of creating a conducive environment for business investors by passing over forty pieces of legislation to streamline and enable the business environment in the country.

“The current regime’s drive is to establish solid institutional foundation. Therefore, the government will not tolerate corruption or interfere in the affairs of the investors,” he said.

The minister told investors that Malawian Government introduced Malawi Investment and Trade Centre (MITC), a one stop service centre for business start-up in order to ease challenges that were there before, when one wants to invest in the country.

“Malawi has abundant raw materials and tourist destinations ready to be explored by potential investors.

“In addition, Malawi also has a large youthful population which means there is availability of labour and a sizeable market for the goods or services produced,” he said.

Homelux Group Managing Director, Justin Machibaya said they are ready to invest in Malawi in areas of cluster housing apartments, agriculture and development of multi-purpose infrastructure.

The infrastructure, according to Machibaya, will include hotels, shopping malls and accommodation apartments for university students among others.

“We have already done our ground work in Malawi before the fresh presidential elections.

“We had our team on the ground and we were able to meet some relevant authorities on our plans.

“We are currently just waiting for the Malawi Government to give us a go-ahead and start registering our company in Malawi. Once that is done then we will take off the ground soon,” he said.

Once Homelux Group of Companies starts investing in the country, it is expected that a number of youth will be employed, thereby achieving government’s agenda of creating one million jobs for the youth

Follow and Subscribe Nyasa TV :

Sharing is caring!

Follow us in Twitter
oldest most voted
Inline Feedbacks
View all comments
1 year ago

This will never benefit poor Malawians, this machibaya is a corrupt guy.

Mwini muzi
1 year ago

Is this probably the investor for MPs’ houses that Chakwera declined to mention in answering Martha Chanjo’s question in parliament? By the way, don’t we have in-house investors who can build such cluster houses? Why don’t we help our own investors on such projects that we can do on our own without seeking foreign investors?

Leader of Operations

Mkaka please slow down. Uli pa liwiro . You want to capture Chakwera or you have partially captured him . Koma Malawi anasintha. Ng’oma yolilitsa sichedwa kusweka. Minister of foreign affairs ukutani ndi ma investors a kunja? Tikukuonatu ugwa chagada. Zomwe unaononga pa campaign sungabweze chaka chimodzi. Dekha bwanawe

1 year ago

So malawoan contractors can not construct student accommodation

Read previous post:
Court shifts to October 13 to deliver judgement in Uladi’s corruption case 

The High Court in Lilongwe has shifted the date for judgement in a case involving former Minister of Homeland Security...