Africa-Press – Malawi. The Natural Resources Justice Network (NRJN) with support from Malawi Ant-Corruption Civil Society Support Program (MACCS) has launched the 8th Malawi Extractive Industries Transparency Initiative (MWEITI) report review to ensure transparency and accountability in the mining sector.
The launch was held under the theme: “Transparency in Malawi’s Extractive Industries: A Pathway to Sustainable Development”.
Presenting the findings in Lilongwe, NRJN National Coordinator, Mavuto Bamusi said the findings have shown that Malawi is losing a lot of revenue from illicit financial flows in the sector.
“Malawi is sitting on rich mineral wealth and other Extractive resources but there are some mining companies which are not honest. They come as investors but they end up in looting and plundering the mineral resources,” he said.
Bamusi indicated that many of the companies in the sector are doing illegal activities.
Districts like Kasungu, Balaka, Mangochi and others are experiencing illegal mining activities and the effect is that the country is losing billions and trillions if kwacha to the activities, he said.
Bamusi revealed that big mining companies doing mining activities but are not fully disclosing revenues, amount of minerals produced
“Malawi should strengthen the accountability and transparency processes to make sure that we should safeguard our minerals,” he said.
However, he said, the initiative has achieved key wins for transparency and accountability like disclosing some mining contracts online, licensing, publishing for accountability for alleged corruption in contract awarding among others.
Acting Director of Mines in the Ministry of Natural Resources, Energy and Mining, Mphatso Chikoti acknowledged that Malawi needs transparency and accountability in all mining operations.
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