Mining in Malawi: A Path to Socio-Economic Growth
She delivered this message at the official opening of the Tanzania Mining and Investment Forum (TMIF), representing the Government of Malawi.
Lilongwe, Malawi-The Minister of Mining, Monica Chang'anamuno, has underscored the pivotal role of the mining sector in driving socio-economic growth and development in Malawi, writes Tiwonge Kampondeni.
She delivered this message at the official opening of the Tanzania Mining and Investment Forum (TMIF), representing the Government of Malawi.
Chang'anamuno articulated the government's recognition of mining as a key growth sector that can significantly contribute to the socio-economic advancement of the nation.
Under the leadership of President Lazarus Chakwera, the Government of Malawi has singled out mining as a primary driver of economic development, wealth creation, and employment generation.
This recognition was concretized in 2020 when a dedicated Ministry of Mining was established, reflecting the government's strong commitment to the sector.
Currently, mining contributes 1% to Malawi's Gross Domestic Product (GDP), and yet the sector holds immense potential to make a far more substantial contribution to the nation's development.
The Minister stated that the sector's annual growth trajectory is expected to range between 10% to 15% once all quick-win mining projects become operational.
Minister Chang'anamuno extended an invitation to potential investors to explore and sustainably exploit the abundant mineral resources in Malawi.
These resources encompass a wide array of minerals, including Rare Earth Elements, Niobium, Uranium, Coal, Bauxite, Lithium, Graphite, Limestone, Copper, Phosphate, Apatite, Rutile, Titanium, Gold, Gypsum, Nickel, Iron, as well as various dimension stones like sodalite and granite.
Acknowledging the gesture from the United Republic of Tanzania in inviting the Malawi delegation to the TMIF, the Minister emphasized the importance of regional collaboration in the mining sector.
She expressed the need for African countries to strengthen their collaboration within the sector and share knowledge to leverage their mineral resources for mutual benefit.
Additionally, Chang'anamuno highlighted the potential to pool resources and expertise among member states to optimize mining operations and processing plants.
The Minister's remarks underscore the pivotal role of the mining sector in Malawi's socio-economic growth and its potential as a catalyst for wealth creation and job opportunities.