Friday, 15 July 2011
Invest in Malawi: Get out of here
Why would an eye doctor like myself want to invest in my own country. Well its because I know sooner than later I need to retire from this community work and spend sometime with my daughter Tapiwa.
So where would one invest in Malawi? For now I will say nowhere because I have just lost USD10,000 due to the collapse of a financial institutions.
You see I was keeping my money with “Trust Securities” a Reserve Bank regulated financial institution and I thought my money was growing every day.
I have just been told every penny I invested was chewed; and that I cannot be compensated in any way.
The money was meant to be my initial deposit for buying a house: now got nothing.
With no forex, no fuel; I am wondering whether it’s still worth staying in Malawi. I may leave if opportunity strikes at the right time.
Meanwhile I am stuck here? Have you noted that I cannot even go and help blind patients in the community because there is no fuel.
Been here for a while, but have never seen Malawi like this.
I rest my case.