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Mining industry a key to the country’s development - Usi

Mining industry a key to the country’s development - Usi Featured

By Prisca Promise Mashushu

Lilongwe, May 6, Mana: Vice President Dr Michael Usi says mining is the golden key that will unlock double-digit economic growth for Malawi come 2030.

Speaking during the official launch of the mining delivery lab at Bingu International Convection Centre (BICC) in Lilongwe on Tuesday, Usi emphasized that mining alone has the power to lift Malawi into the middle-income bracket inline with President Chakwera’s vision.

He eemphasized on the need for stakeholders to work together to utilise the availability of minerals in the country.

“I urge everyone to participate fully by bringing the best ideas because Malawi needs everyone now more than ever to ignite our economy and give our people the hope they deserve.

“Let us make mining the engine that powers our rise. Let us move with unity, with urgency, and with transparency. And above all, let us deliver—because our people are watching, and they are counting on us,” explained Usi.

Minister of Mining, Ken Zikhale Ng’oma, explained that mining is a game changer to economic development as it plays a crucial role in various sectors of the government.

He said mining holds enormous potential as the sector is a game changer for Malawi’s economy, which can contribute 30 percent of the Gross Domestic Product (GDP) from the current one percent within the next two years.

“It is, therefore, a must to involve the strategic and meaningful participation of our youth and women in this robust mining sector where we anticipate serious job creation and the attraction of genuine investors who will make our economy move from the usual growth and sustainable economy to a robust money economy repositioning Malawi from a subsistence economy to a vibrant, industrialised, and middle income economy,” he explained.

British High Commissioner to Malawi, Fiona Ritchie, reaffirmed British commitment to supporting the mining industry in the country saying it is key in development.

“The future of energy across the world is free and we are interested in green energy solutions which means that securing of global supply of critical minerals that are available in Malawi.

“United Kingdom cares about Malawi’s future in economic growth, prosperity and development through mining,” she explained.

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