By Chimwemwe Mangazi:
The United Nations has tipped Malawi to increase investment in the energy sector and harmonise the regulatory framework to enhance access to energy services among Malawians and achieve the Sustainable Development Goal (SDG) 7.
The SDG 7 propagates that countries should ensure access to affordable, reliable, sustainable and modern energy for all by 2030.
This came out during the launch of the Malawi Investment Study to meet SDG 7 on Energy Access on in Lilongwe Thursday. The study will be conducted by the Rocky Mountain Institute who have partnered the UN.
UN Secretary General for Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States Fekitamoeloa Utoikamanu, said the organisation recognises that improvements in energy access is bound to positively affect other sectors of the economy.
“Improvements in access to energy will also spur development in education, health and economic transformation and through this study we hope that we will attract investments from the private sector and financial institutions to complement the work that the UN is supporting in Malawi,” Utoikamanu said.
Chief Director for Energy in the Ministry of Natural Resources, Energy and Mining, Chimwemwe Banda, lauded the UN for the initiative stressing that the government has been failing to conduct a similar study but were lacking funds.
Currently, only 11 percent of Malawi’s population has access to electricity.