Mining and natural resources key to enhancing Malawi’s revenue base

A recent Study on mining and natural resources has revealed that Malawi could increase revenue by K10 billion annually if investment and best practices in the sector are improved.

This is according to a joint study by the National Planning Commission (NPC), African Institute for Development Policy and the Copenhagen Consensus Center.

The study suggests that from every K1 invested in mining, the country can get 3.6 tambala in return.

Additionally, it says that best practices in mining could reduce injuries and environmental degradation.

Joseph Mkandawire, Principal Secretary for Ministry of Mining says the result is timely and will help the ministry on development of the mining sector.

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