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Journalists tipped on Alternative Investment

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By Elita Soko:

Old Mutual Investment Group has challenged journalists in the country to take up Alternative Investment (AI) initiatives to contribute to the growth of the economy.

This came out during a training workshop for journalists organised by the group in Blantyre on Wednesday.

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AI focuses on investments in private equity, infrastructure, real estate and natural resources as opposed to conventional investment platforms such as the stock market.

Group Managing Director for Old Mutual Investment Mark Mikwamba said AI has a direct impact on the economy and the country’s development agenda.

“We believe that there are opportunities for pension fund assets to be used for investing in some of the critical sectors like infrastructure and agriculture so that opportunities can be created for the masses as well as economic growth.

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“AI addresses issues like infrastructural gaps, agriculture exports and financial inclusion in the sense that it helps create jobs, develop infrastructure and generate foreign exchange, among other things,” Mikwamba said.

A representative of the Media Institute of Southern Africa (Misa)- Malawi Aubrey Mchulu expressed hope that, after the workshop, more journalists would be better equipped to write on the subject.

“It is my sincere expectation, on behalf of Misa, that we will see a big difference in the coverage of business news in general and investment, as well as pensions,” Mchulu said.

Old Mutual has alternative investments in sectors such as agriculture and infrastructure development.

The company sponsors the Responsible Business Journalist category of the Misa annual awards. ‘AI’ is the theme for the category this year.

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