1 April 2014

Malawi to Earn Mk6 Billion Per Year From Cotton

Karonga — Government says construction of Ngara Cotton Ginnery in Karonga District is in line with the vision to recover the country's economy by ensuring that it exports more agricultural products than before.

The Malawi President was speaking Monday when she officially commissioned Ngara Cotton Ginnery in the area of Traditional Authority Mwirang'ombe in the district.

President Banda said with an additional cotton ginnery, it means Malawi would export more volumes of cotton and boost more foreign currency for the smooth running of government.

"This is one of the three [cotton] ginneries that my administration has constructed in all the regions of Malawi within two years, and I promise to do more than this because I know that Malawians deserve better life," the Malawi Leader said.

The first citizen reiterated that her vision was to improve lives of Malawians, saying that could only be done by economically empowering people and ensuring that foreign currency is available in the country.

Speaking to journalists after President Dr. Joyce Banda had officially opened a multi-billion Cotton Ginnery; Admarc General Manager Dr. Jerry Jana said construction of Ngara Cotton Ginnery will increase Malawi's capacity of cotton processing to the extent that Malawi may earn MK6 billion from cotton per year.

The Admarc General Manager said starting from this year (2014), almost ten million tons of cotton would be manufactured within four months in Karonga, a development he said has attracted Germany and South Africa which are amongst the biggest cotton buyers in the world.

He said the two have since promised to buy the Malawi Product.

Apart from improving the Malawi economy, the cotton ginnery is also expected to create more employment opportunities, especially the youths that are jobless.

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