Mining & Trade News

By Wahard Betha

The Ministry of Mining has urged Malawians living in diaspora to invest in Malawi’s mineral sector which offers abundant investment opportunities.

Speaking during a virtual meeting which the Ministry organized to engage Malawians living abroad, Minister of Mining Monica Chang’anamuno said the Ministry has developed and continues to develop incentives favorable for investors.

Chang’anamuno encouraged Malawians in diaspora consider forming partnerships in large-scale mining investments besides exploring various opportunities available in Malawi’s mining industry.

She said: “I want to assure you that the Malawi government is committed to creating a conducive environment for investment, with transparent regulations, efficient permitting processes, and support for responsible mining practices.”

“We are actively working to streamline procedures, enhance infrastructure and strengthen governance to facilitate and safeguard investments in our mining sector.”

“This forum, therefore, serves as a platform for dialogue, knowledge sharing, and networking, where we can exchange ideas, forge partnerships, and chart a course towards maximizing the potential of Malawi's mining sector.”

“I would like, therefore, to encourage you to explore the opportunities available in Malawi's mining industry, whether in minerals such as uranium, rare earth elements, or gemstones.”

Chang’anamuno said the government is open to partner with any potential investors interested to invest in any of the country’s minerals.

She said: “We are eager to partner with investors who share our vision of sustainable development and are willing to engage local communities to ensure mutual benefits and long-term success.”

“Together, we can harness the potential of Malawi's mining sector to drive economic growth, create employment opportunities, and contribute to the prosperity of our nation.”

“I look forward to engaging with you further and building fruitful partnerships that will benefit both investors and the people of Malawi.”

The virtual diaspora meeting was held under the theme of ‘Investing in Malawi’s Minerals’ as one way of spearheading the MW2063 Vision which is a blue print for national development and wealth creation.

Chang’anamuno said the virtual meeting is one way of implementing the Agriculture, Tourism and Mining (ATM) Strategy expounded by the State President Dr Lazarus Chakwera.

She said: “We are resolute and committed to unpack this through various interventions until we realize the dream of transforming Malawi.”

“Our country boasts of a wealth of mineral resources, and we recognize the importance of attracting foreign investment to drive sustainable growth and development.”

“Investing in the mining sector in Malawi offers not only the potential for financial returns but also the opportunity to contribute to our nation's economic diversification and job creation.”

The virtual meeting was also graced by Principal Secretary in the Ministry Joseph Mkandawire; Director of Geological Survey Department Stanley Nyama; Chief Inspector of Environment Mphatso Chikoti and Mining Surveyor Hillary Bandawe.

The meeting also included different presentations from the Ministry explaining on issues involving the Mines and Minerals Act as well as investment opportunities in the extractives sector.

Standard Bank Plc (Malawi) Head of Business and Commercial Banking Graham Chipande unpacked issues of financial interventions that the Bank is implementing to support the sector.

Chipande said: “Malawi's mining sector holds immense potential for driving economic prosperity, job creation, and infrastructure development.”

“The private sector plays a crucial role in the development of Malawi's mining industry, contributing significantly to the country's economic growth and development.”

The virtual diaspora meeting follows a successful inaugural 2024 Mining Investment Forum that was held in Lilongwe.

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