Mining sectors contribution to the country’s gross domestic product (GDP) to 20 percent, the Ministry of Mining has revealed plans to host mining investment forum.
The mining sectors contribution to GDP is around one percent at the moment.
During a press conference in Lilongwe, Minister of Mining Monica Chang’anamuno, 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.
She also said that ‘Transforming the Nation through Sustainable Mineral Extraction’. Will be theme of forum. The two-day forum is expected to attract over 300 participants from around the globe and is part of the Agriculture, Tourism, and Mining (ATM) promotional week.
Chang’anamuno said 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.
She also added that 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.
Chang’anamuno concluded that there is going to be a lot of networking that is going to take place during this time. Therefore, it is very important.
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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