Nyasa Investments Ltd to invest $100m in Malawi waste management

Nyasa Investment Limited, a consortium of Malawian and United Kingdom (UK) business individuals has expressed interest to invest in a multibillion company that will manage and recycle waste.

Speaking in a meeting on Thursday, Nyasa Investments’ chairman Konrad Buckle said the company is looking forward to build waste recycling plants in Lilongwe, Blantyre, Mzuzu and Zomba.

“We would like to work with the government and the city councils to help us with the challenges that they are facing in waste disposal and management,” he said.

He said the more people come to cities for job opportunities, the bigger the problem in waste management.

Konrad Buckle of Nyasa

According to Buckle, apart from easing the burden on city councils onwaste collection, the company will create jobs since all employees will be locally recruited and trained.

He said the company will build a waste management academy to educate people, companies and institutions on waste management.

“This is a positive development because all the stakeholders will benefit from this initiative. Malawi will benefit economically as we will provide jobs, bio-ethanol and electricity will also be produced in therecycling process,” said Buckle.

He said the initiative has been successful and has been approved in Equardo, Syria and Bahrain.

“We are looking forward for local government to help us facilitate the approval of our proposal,” he said.

Principal Secretary for Ministry of Local Government andRural Development, Christopher Makileni said waste disposal has been neglected by both the central and local governments.

“Government looks at this initiative of waste for energy as an opportunity and a wakeup call for Malawi to step up its efforts to make clean and generate energy which can be used to drive machines,” he said.

Makileni said government believes that the initiative is going to be a stepping stone for the efforts of the ministry as they are planning to develop a programme on intergraded waste management for local authorities in Malawi.

“Malawi has not been doing well in waste management; however we are doing whatever possible to improve the situation,” he said.

He said government is working with partners that are interested to work in waste management, citing Nyasa Investment Limited as an example.

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