George Partridge<\/strong>, Minister of Industrialisation, Business, Trade and Tourism and newly appointed Governor of the Reserve Bank<\/strong> of Malawi, hailed the sector\u2019s growth and potential. Speaking at a strategic engagement<\/strong> with MAGLA on January 24, he said MAGLA balances “revenue, tourism<\/strong> and social responsibility”, noting that properly regulated gambling supports Malawi\u2019s economic growth.<\/p>\n\n\n\n Partridge said, according to Malawi24: \u201cGambling is an experience for both local and foreign consumers<\/strong>. It complements our tourism <\/strong>products and attracts more consumers, and when they spend more, the government also benefits through increased revenue<\/strong>.\u201d<\/p>\n\n\n\n Partridge commended MAGLA for promoting the responsible <\/strong>growth of the gambling industry and strengthening investor confidence. He added: \u201cA thriving <\/strong>gambling sector, when properly regulated, can be a major contributor<\/strong> to Malawi\u2019s economic growth.\u201d<\/p>\n\n\n\n Partridge also acknowledged the challenges<\/strong> MAGLA faces in managing a growing industry but emphasised that the government is committed<\/strong> to supporting the authority\u2019s mission.<\/p>\n\n\n\n MAGLA Director General Rachel Mijiga<\/strong> described this as a strong show of government support<\/strong> for the gaming industry. \u201cWe are grateful to the Minister for visiting MAGLA and for the guidance he has provided on how we can take the industry forward, particularly on responsible gambling and sustainable<\/strong> growth,\u201d said Mijiga.<\/p>\n\n\n\n Meanwhile, Partridge also commended<\/strong> MAGLA\u2019s role in protecting young people: \u201cAs a regulator of gambling, one of the major challenges is the negative effects of gambling on society and on children. We wanted to understand what MAGLA is doing to minimise these negative effects<\/strong>, and this is an area they are taking seriously,\u201d he said.<\/p>\n\n\n\n The government\u2019s recognition of MAGLA has been seen as a clear signal<\/strong> to investors that the country is serious about creating a safe, transparent<\/strong> and profitable gambling environment. Analysts predict this endorsement will spur further investment, while MAGLA\u2019s oversight ensures that responsible practices remain at the core of the industry.<\/p>\n\n\nGovernment backs MAGLA’s mission <\/h2>\n\n\n\n
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