Brigg MacAdam’s Swenson on why investors should look at Malawi for opportunities
In a report last month the World Bank said that Malawi is on a growth path. The bank expressed that for the economy to grow, it needs to focus on structural reforms. And this in turn, will attract investment. Greg Swenson, Founding Partner at Brigg MacAdam joins CNBC Africa to talk about the investment opportunities in Malawi.
Fri, 06 Aug 2021 16:02:43 GMT
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AI Generated Summary
- The government of Malawi has unveiled ambitious social and economic development plans to drive growth, focusing on job creation, wealth generation, and food security.
- Investment opportunities in Malawi span critical sectors such as agriculture, housing, transportation, mining, and telecom, with a particular emphasis on expanding internet access to enhance education and healthcare.
- Despite promising growth prospects, challenges exist, including the low GDP per capita, requiring patient capital for long-term projects. Meanwhile, recent events in South Africa have raised concerns about investor confidence, emphasizing the need for critical infrastructure investments to spur economic recovery.
Malawi is emerging as a potential hotspot for investors looking for opportunities in Africa. In a recent interview on CNBC Africa, Greg Swenson, Founding Partner at Brigg MacAdam, discussed the investment landscape in Malawi and highlighted the factors driving growth in the country. Swenson pointed out that the government of Malawi has put in place ambitious social and economic development plans aimed at creating jobs, generating wealth, and ensuring food security for the citizens. President Shakwero's focus on economic reforms, particularly in the agriculture and housing sectors, has attracted optimism and interest from private sector partners. Swenson emphasized the importance of commercial farming and exports in driving economic uplift, signaling promising opportunities for foreign direct investment. Additionally, Swenson identified critical infrastructure sectors such as transportation, mining, and telecom as key areas for investment, with a particular focus on expanding internet access to enhance education and healthcare in the country. The demographic dividend in Malawi, with a young population and prospects for urbanization, further adds to the appeal for foreign investors. Despite the promising growth trajectory, Swenson acknowledged the challenges of investing in a country with a low GDP per capita and emphasized the need for patient capital to realize returns, especially in long-term projects. While expressing confidence in Malawi's growth potential, Swenson also shared insights on the impact of recent events in South Africa, highlighting concerns over investor confidence following the unrest and infrastructure damage in the country. Swenson emphasized the importance of critical infrastructure investments in South Africa to address unemployment and drive economic recovery. Overall, Swenson's outlook on both Malawi and South Africa underscores the opportunities and challenges for investors looking to tap into the African markets.
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