Local Business Development Programme
A programme to promote local involvement, economic growth and capacity building in communities is in progress. Opportunities are being explored for skills transfer and technical advice from Kayelekera’s experienced workforce to local businesses. The Kayelekera Mine has introduced a work experience programme for young Malawian undergraduates with the first participant, a Karonga-based accountancy student, spending three weeks gaining hands-on-experience with the Kayelekera Mine's Commercial and Administration Department in June.
Paladin is also supporting the UK-based MicroLoan Foundation by funding an expansion of the foundation’s activities in the Karonga region to provide micro-loans to 23 groups totalling around 300 local rural women for small scale co-operative business ventures in the Karonga region which will boost farming family incomes by encouraging expansion of small business initiatives.