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Reading: Malawi Seeks Investment Boost for Mining Sector
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The Africa Daily Post > Business > Malawi Seeks Investment Boost for Mining Sector
BusinessSouthern Africa

Malawi Seeks Investment Boost for Mining Sector

Henry Wesley
By Henry Wesley Published May 30, 2024 2 Min Read
Deputy Secretary to the Malawian President and Cabinet, who is also Head of the Presidential Delivery Unit (PDU) Dr Janet Banda with the stakeholders in the mining sector.
Deputy Secretary to the Malawian President and Cabinet, who is also Head of the Presidential Delivery Unit (PDU) Dr Janet Banda with the stakeholders in the mining sector.
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Lilongwe, Malawi – Malawi’s government has reaffirmed its commitment to supporting investors in the mining sector, highlighting its potential as a key driver of national development. Dr. Janet Banda, Deputy Secretary to the President and Head of the Presidential Delivery Unit (PDU), made these remarks at the closing ceremony of a two-day mining pre-lab meeting held in Lilongwe.

“We are open for discussions with investors in the mining industry,” Dr. Banda stated. “Collaboration will yield economic benefits for the entire nation.” She further appealed to donor partners and stakeholders to invest in initiatives such as capacity building and bolstering the Minerals and Mining Regulatory Authority.

The pre-lab meeting focused on identifying and addressing bottlenecks hindering growth in the mining sector. Principal Secretary for the Ministry of Mining, Joseph Mkandawire, emphasized the sector’s critical role in achieving Malawi’s Vision 2063 development plan and the Agriculture, Tourism, and Mining (ATM) strategy.

Discussions centered on key areas like energy availability, road infrastructure development, navigating environmental approvals, and fiscal matters. These “enablers,” as Mkandawire referred to them, are seen as crucial for unlocking the full potential of Malawi’s mining industry.

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The Presidential Delivery Unit Labs, established in 2021 by President Chakwera, aim to expedite the implementation of government initiatives.

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Henry Wesley
By Henry Wesley
Foreign Correspondent based in Johannesburg
Previous Article Food for Agriculture Organisation's (FAO) ECTAD acting team leader for Malawi, Sabenzi Wakesa Nabalayo and other stakeholders. Photo: Malawi Government Malawi, FAO Team Up to Combat Animal AMR Threat
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