By Cathy Maulidi:
In a quest to boost the mining sector’s contribution to the country’s gross domestic product (GDP) to 20 percent, the Ministry of Mining has revealed plans to host a mining investment forum.
Currently, the mining sector’s contribution to GDP is around one percent.
Minister of Mining Monica Chang’anamuno, during a press conference in Lilongwe, said the first-ever edition of the Malawi Mining Investment Forum (MMIF) will be held from April 23 to 24 at Bingu International Conventional Centre.
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The forum will be held under the theme ‘Transforming the Nation through Sustainable Mineral Extraction’. She said the two-day forum is expected to attract over 300 participants from around the globe and is part of the Agriculture, Tourism, Mining (ATM) promotional week.
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Chang’anamuno added that Malawi is endowed with various mineral resources, including rare earth elements (REEs), graphite, uranium, gold, and gemstones, among others, which will be highlighted to investors during the showcase.
“This is going to benefit the country a lot because it will unearth the potential that is there in the country so that a lot of investors can come and invest in our country. At the same time not just to invest in exploration and mining but there are also projects that are already existing and there are investors that would want to be part of these projects.
“There is going to be a lot of networking that is going to take place during this time. Therefore, it is very important,” Chang’anamuno said.
Mining has been earmarked as one of the sectors to transform the local economy towards achieving development goals embedded in the Malawi 2063.
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