This Mines and Minerals Policy for Malawi reflects the realization by Government that the development of the Malawi mining industry can directly contribute to the economic growth of the country.
The Government of Malawi realizes that the economy of Malawi has a structural problem that results into perpetual imbalance between the supply and demand of foreign exchange. This originates from the fact that Malawi relies heavily on agriculture in order to generate foreign exchange, while at the same time there is high dependence on imports. Government recognizes that resources are limited and as such seeks to achieve higher growth rates by stimulating investment in productive sectors, and mining has been identified as having the highest growth potential. In order to achieve this, the Government’s economic policy aims at ensuring that the country’s financial, economic, natural and human resources are utilized efficiently and effectively so as to create new wealth through the production of goods and services for both domestic consumption and exports.