Mining is a catalyst for restructuring Malawi’s economy

Mining is a catalyst for restructuring Malawi’s economy

By Chilimunthaka – Malawi Exclusive

His Excellency, the State President of Malawi, Dr. Lazarus McCarthy Chakwera has assured the nation that his administration is determined to kickstart a process of using mining to add value to the country’s agro-based economic activities, saying time has come for the country to be restructured in the sectors that can turn its economic face.

President Chakwera was speaking during his national address on government policies delivered from Mtunthama State Lodge on Sunday evening, May 2, 2021 in which he added that if Malawi as a nation can do right things and all things right, the mineral capital it has can be converted into development capital that will benefit even the generations to come while generating foreign exchange and creating jobs and wealth for the country.

Further President Chakwera said the deposits that Malawi has can be used for fertilizer production and glass manufacturing, but the President was quick to lament on why the country is not benefiting from mining activities despite having issued over 250 licenses.

President Chakwera who cited the Kayerekera Uranium mine in Karonga as an example of exploitation seeing that the community around it lavishes in acute poverty despite having a mine, condemned the smuggling of precious natural resources such as gold and gemstones, saying such activities are criminal in nature and can not be allowed to continue under his watch.

In his address, President Chakwera revealed that in the forthcoming June Parliament sitting, his administration is bringing a Mining Regulatory Authority establishment Bill aiming at development, management and utilization of country’s mineral resources.

Concluding his address, the Malawi leader said the country is rich in minerals but it has been lacking patriotism, leadership, discipline, organisation and collaboration to blend the natural resources to create developmental riches that will last and serve generations using the readily available human resources that the country has, saying such era of economic mismanagement is over.

Malawi Exclusive

5 thoughts on “Mining is a catalyst for restructuring Malawi’s economy

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