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Lilongwe Asks Bushiri to Invest Back Home

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Asked to invest back in Malawi - Bushiri. Asked to invest back in Malawi - Bushiri. - File photo

Government of Malawi has opened up on the country’s renowned multi-billionaire Shepherd Bushiri, with calls that he extends his investment drive to Malawi.

Shepherd Bushiri who runs a chain of businesses under Shepherd Bushiri Investments (SBI), has been in the headlines making multi-billion investments within and beyond Africa including a recently launched SB Hotels Sparkling Waters Hotel in South Africa, launched Tuesday.

During the launch in Rustenburg, Presidential Advisor on Civil Society and Non-Governmental Organizations, Mabvuto Bamusi representing Malawi delegation, said social media reports that have portrayed that President Peter Mutharika does not like Bushiri have been very saddening.

“Those are lies and cheap propaganda. Government of Malawi is very proud with Bushiri and his achievements. 

“We hope Malawi will equally benefit from such investments which would enhance its development and economy,” he said.

Bushiri said he was compelled to invest in South Africa and other countries because of the confidence he has in the economies of those countries.

He however said apart for the multi billion worth of investments in South Africa, he is soon launching his investments projects in Malawi in April that will include hotels and other businesses worth over K18 billion.

He said President Mutharika’s opening up by sending his delegate has shown that the two parties can work together to boost Malawi’s economic development.

Sb investments boasts of a total of K869 billion kwacha worth of assets.

The SB investments is a conglomerate of a wide range of businesses focusing on mining, education, telecommunications, beverages, private charter jets and SB chain of hotels.

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1 comment

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