Government Commits To Grow Mining Sector

Malawi has for the first time held its Mining Investment Forum (MMIF), attracting over 300 participants from around the globe, forming part of the Agriculture Tourism Mining (ATM) strategy promotion week that President Chakwera announced a week ago.

Government of Malawi wants to grow the mining sector to contribute at least 20% to the Gross Domestic Product (GDP) and the conference is help, delegates unlocking the enormous greenfield mineral potential that Malawi is endowed with.

Opening the forum president, Lazarus MaCarthy Chakwera said it is relevant to boost mining in the country towards a sustainable future, prioritizing the promotion of local investments supporting the country’s mining industry.

“My government is committed to improve the mining sector which has been earmarked to transform the local economy towards achieving development goals embedded in the Malawi 2063,” Chakwera said.

One of the executive organizing MMIF committee member, Mphatso Chikoti said Malawi is endowed with various mineral resources including rare earth elements, graphite, uranium, gold and gemstones among others highlighted to investors during the showcase.

The forum, held under the theme ‘Transforming the nation through sustainable mineral extraction’ has attracted visitors from among other countries; South Sudan, China, Nigeria, and South Africa, complimenting Malawi’s adoption of the Africa Mining Vision.