Authorities have underscored the need of ensuring that the country’s mining sector benefits the nation as a whole rather than a selected few unscrupulous individuals.
This has been reiterated at the underway three-day Mining Delivery Lab in Lilongwe by the Presidential Delivery Unit (PDU).
The mining sector has been identified as a key driver of economic growth and development with the potential to propel the country into the middle-income bracket by 2030.
Addressing the stakeholders, Dr. Michael Usi, Vice President of Malawi said that mining is a critical sector that can unlock double-digit economic growth and improve food security.
Usi stressed the need for transparency and accountability in the mining sector, echoing President Chakwera’s call for openness and clear communication about the benefits of mining.
In an interview with MIJ Online, Ken Zikhale Ng’oma, Minister of Mining, condemned fake investors who come into the country with ulterior motives that do not support the drive to benefit the nation.
Ng’oma believes that the Mining Delivery Lab would help identify solutions to unlock standing bottlenecks and ensure the sector starts benefiting Malawi.
And on her part, Fiona Ritchie British High Commissioner to Malawi reaffirmed their support to the government’s plans to conduct a feasibility study on mechanisms for managing these mining proceeds, including the possibility of setting up a Sovereign Wealth Fund.
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