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Launch Of Chavez Lodge And Lounge In Dedza

Fri, 24 May 2024 20:00:00 UTC @ Chavez Lodge and Lounge - On 24 May 2023 there will be a Launch of Chavez Lodge and Lounge in Dedza formerly known as Motel Domwe. During The Launch, The Black Missionaries Band, Anthony Makondetsa, Moda Fumulan... More Info
Young Stunna Live In Malawi

Sat, 25 May 2024 18:00:00 UTC @ Money Men Club (Nancholi-Mpemba Road) - Beer Land Festival Brings Young Stunna all the from South Africa on 25th May 2024 in Blantyre at Moneymen Club.He will be setting the stage on fire, creating an unforgettable night of ... More Info

Low chances for government of Malawi through AG to sign mining development

Chances are low that the Government of Malawi, through Attorney General (AG) Thabo Chakaka Nyirenda, may sign mining development agreements (MDAs) for Lotus Resources and Mkango Resources Limited this month, with the AG insisting that he is not ready to sign the agreements.

Government signed the MDA for Globe Metals

“There are issues the three parties are yet to agree on. An agreement reflects what parties discussed and mutually agreed” said Nyirenda.

He added that with this two companies (Lotus Resources and Mkango Resources Limited), they haven’t reached an agreement yet. There is a need for patience and perseverance in order to achieve the desired results. They also need to avoid repeating past mistakes.

Nyirenda concluded that the negotiators will make sure that they counter-balance between the needs of Malawi, as the host state, and interests of the companies, as investors. The MDAs should contain provisions that strive to ensure that these companies and their investment shall endeavor to achieve the highest possible level of contribution to the sustainable development of Malawi and the local community before the agreement are signed.

Committee chairperson of the Parliamentary Committee on Natural Resources and Climate Change Welani Chilenga on Sunday sided with Nyirenda on the issue, saying there is a need for government to tread carefully on the issue before signing the MDAs.

Chilenga said otherwise, them, as committee, have heard that some of these companies are making unrealistic demands.

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