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Malawi Mining Set to Net $500m |
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Written by editor
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Tuesday, 18 May 2010 18:21 |
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18 May 2010
Malawi's mining prospects are expected to jump from the current $100m to $500m between now and 2018, the Malawi Ministry of Labour said.
A World Bank review of the country's mining sector revealed the good news. Principle Secretary Andrina Mchiela said such figures will provide employment as the industry will contribute more to the GDP.
"Currently the mining sector rolls in about 3% of the GDP. Projections are that the mining industry will contribute up to 20% by 2011," she revealed.
"Government is convinced the country's ability to diversify and turn around the economy lies in attracting both local and foreign investors to establish a viable mining industry," she said.
Source: Africa News 7 May 2010 |
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Written by editor
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Friday, 20 November 2009 19:33 |
Britannia Malawi Website
For more information about our Malawi projects please visit us at
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Written by editor
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Tuesday, 21 July 2009 17:05 |
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Lilongwe July 3 2009
Presenting his K256 billion budget for the first time as Finance Minister, Ken Kandodo said the customs duties removed are aimed at stimulating manufacturing and promoting development projects in the country. Among other things, duty on construction vehicles and borehole drilling vehicles has been scrapped. The transport sector allocation has risen by 66% taking up 12 percent of this year's total expenditure. Among other road projects, government has allocated K3.95 billion for the rehabilitation and maintenance of most existing roads and bridges. |
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