AICC CALLS ON GOVERNMENT TO SCREEN INVESTORS
- Created: Thursday, 02 February 2017 22:04
- 02 Feb
The African Institute of Corporate Citizenship (AICC) Chief Executive officer Dr. Felix Lombe has urged government to critically scrutinize potential investors in the country before making any commitment for the country to fully benefit from the several investments foreign individuals or companies are making in the country. Lombe made the appeal at Bingu International Conference Center (BICC) in Lilongwe during the official launch of 6 corporate citizenship manuals AICC developed.
Speaking during his brief presentation on the publications, Lombe noted that, despite several investments Malawi has witnessed over the years, the country is yet to benefit from such investments as evidenced by poor returns the country continue to get from big investments made by foreign companies or individuals. Lombe further argued on the need to have permanent and responsible investors, who will have the social impact of their business at heart as opposed to tourist investors who do not care about the social impacts of their businesses.
“As a country, there is a need to be cautious of individuals or companies making any type of investments in this country. As much as we need more investors in country, we need to settle for investors that care about the social impacts of their business as well as businesses that add value to the development of the country as opposed to tourist investors that are only concerned about their profits than the development of this country” said Lombe.