Malawi Prioritizes Mining to Boost Economy, Says President Chakwera
The Malawi leader's remarks come as the government seeks to leverage the mining industry's potential to drive economic growth and development in the country.
LILONGWE, Malawi— Malawi President Lazarus Chakwera on Tuesday emphasized the government's focus on the mining sector as one of the three priority areas positioned to accelerate social and economic growth towards 2030, as outlined in the First Implementation Plan of Malawi Vision 2063, writes Winston Mwale.
Speaking in Lilongwe during the official opening of the 2024 Malawi Mining Investment Forum, Chakwera said, "The First Implementation Plan of Malawi Vision 2063 has Mining as one of the three priority areas positioned to accelerate social and economic growth of the country towards 2030."
The president stated that the 2024 Malawi Mining Investment Forum provides a conducive platform to forge lasting partnerships towards win-win investments in the sector.
"Despite being a relatively young sector, mining holds great promise to generate long-term benefits for our communities and the national economy," Chakwera said.
To fully actualize the mining agenda, the president emphasized that the government is reinforcing the legislative and legal frameworks that guide exploration, extraction, and sale of precious minerals.
"We have made it clear that all the Mining Development Agreements must maximize return on investment in our favor," he added.
Chakwera assured that his administration will ensure the provision of requisite infrastructure to support the mining sector and entrench a mining culture through public awareness of the minerals in the country's possession and the responsibilities every Malawian has to safeguard the rare resources.
The Malawi leader's remarks come as the government seeks to leverage the mining industry's potential to drive economic growth and development in the country.