The Ministry of Industry says it will engage stakeholders to assist firms in the Crocodile farming Industry to be able to add value to products such as Crocodile skins before exporting.
Minister responsible Roy Kachale Banda says Tonse government would like to ensure the country is exporting finished products including Crocodile skins hence the commitment.
“Crocodile skin trade is something that we are looking at very seriously because we think we can generate money (forex) out of it” said Kachale.
On Friday the Industry minister visited Nyika Farms Limited in Salima where the firm is breeding Crocodiles whose skins and meat are exported to countries such as Germany.
Nyika Farms Limited managing Director Redge Cavaro has since asked government to support the firm establish a Tannery which would help to process Crocodile skins into finished products saying curretly Malawi is losing out by exporting raw materials.
“We need financing to establish a Tannery so that we can be exporting finished products” said Cavaro.
According to the MD, Covid 19 has also not spared the crocodile skin bussiness as its markets outside remain closed.
But in his response to Cavaro’s request Minister Kachale said his ministry will engage financial institutions to encourage them to assist Nyika farms saying the ministry do not want to lose any of the Export Processing Zones.
Nyika Farms Limited which has just renewed its Export Processing Zone licence has about 13 thousand Crocodiles. The Ministry of Industry has renewed the licence three days ago.