By George Mponda

Karonga, January 30, Mana: Lotus Resources Limited has committed 0.45 percent of its gross sales to a Community Development Fund (CDF), which will be managed by a steering committee composed of community members living within a 20-kilometre radius of the Kayelekera Mine.

The company’s Finance and Commercial Manager, Ahamad Swendeh, announced on Wednesday during an orientation session on financial management for the steering committee held at Lotus Africa Limited (LAL).

Swendeh said: “With the funds allocated for community development, the steering committee will have the power to select the type of infrastructure projects to be implemented in their communities".

He further explained that a technical subcommittee, consisting of government officials at the council level, will guide to ensure the projects align with community needs.

Additionally, the steering committee will oversee the projects throughout their implementation.

Swendeh also cautioned committee members against corruption and prioritizing personal interests over community welfare, warning that such practices could lead to conflicts between the communities and the company.

“Transparency, accountability, and proper planning by the steering committee are key to ensuring sustainability and equitable development,” he emphasized.

In his remarks, Steering Committee Chairperson Austin Mwanguku commended Lotus Resources Limited for providing financial management training, describing it as crucial for enhancing financial literacy among members.

“The training has been beneficial, and every member has gained valuable financial management skills. To ensure sustainable and equitable projects, we will engage community members in selecting projects and involve them in supervisory roles,” Mwanguku explained.

The steering committee which serves as a bridge between the local population and LAL will be responsible for managing the CDF and ensuring that development projects reflect community priorities.