In a significant move towards enhancing the efficiency and effectiveness of the country’s oil sector, the National Oil Company of Malawi (NOCMA) has engaged a seasoned consultant; O and M Consulting to facilitate the development of its strategic plan for 2024 to 2029. This initiative, which includes soliciting views from a wide range of stakeholders, is aimed at creating a roadmap that will guide the company in navigating the complex challenges of the energy market while maximizing opportunities for growth.
The consultative process is already garnering praise from industry experts and stakeholders alike. By actively seeking input from various groups, including government agencies, private sector players, and community representatives, NOCMA is ensuring that the strategic plan reflects the diverse needs and expectations of all parties involved. This inclusive approach is expected to foster a sense of ownership and collaboration, essential for the successful implementation of the plan.
“The importance of stakeholder engagement cannot be overstated,” said Clement Kanyama, Chief Executive Officer for NOCMA. “Involving different voices not only enriches the plan but also builds trust and transparency, which are crucial for long-term sustainability,” Said Kanyama.
Speaking at a Stakeholders’ workshop Sunbird Livingstonia Beach Hotel in Salima, Board member for NOCMA Mr. Chrispin Ndalama, who was also Guest of Honor at the event, said the strategic plan itself promises to address critical issues facing the oil sector, including infrastructure development, supply chain management, and environmental sustainability. By setting clear objectives and measurable outcomes, NOCMA aims to position itself as a leader in the regional energy landscape while contributing to the nation’s economic growth.
Stakeholders have expressed optimism about the potential impact of the strategic plan. “This is a fantastic opportunity for NOCMA to redefine its role and enhance its contribution to the national economy,” said Benedicto Kondowe, a representative of Civil Society Organisations (CSOs). “A well-thought-out strategic plan will not only improve operational efficiencies but also attract investment and create jobs.”
Moreover, the consultative process is expected to identify innovative solutions to the challenges that have historically hindered the oil sector’s growth. By incorporating insights from diverse experiences and perspectives, NOCMA can better adapt to global trends, such as the transition to renewable energy sources.
As the consultation phase unfolds, stakeholders are encouraged to actively participate and share their insights, ensuring that the final strategic plan is robust, comprehensive, and future-focused. With the 2024 to 2029 strategic plan on the horizon, NOCMA is poised to lead Malawi’s oil sector towards a sustainable and prosperous future.
The success of this initiative could mark a turning point for the country’s energy landscape, setting the stage for a more resilient and dynamic oil industry that meets the needs of all Malawians.
