By Draxon Maloya
The minister of Mining, Kenneth Zikhale Ng’oma says Malawi is on the verge of a transformative moment in its economic development, as it ventures into large-scale mining, with the potential to become a leading supplier of critical minerals for the global energy transition.
Speaking at the 2025 Africa Mining Indaba in Cape Town, Malawi’s Ng’oma, highlighted the country’s tremendous progress in encouraging companies to invest in mining greenfields and fast-tracking the sector’s development.
With a projected mining export value of US$30 billion by 2040, or US$43 billion in an accelerated growth scenario, Malawi is poised to diversify its economy, create jobs, and attract significant foreign direct investment (FDI).
“The world is moving towards green energy, and Malawi is strategically positioned to supply essential minerals for this transition,” Ng’oma said. “Our goal is to ensure that Malawi’s minerals not only generate exports but also drive local value addition and beneficiation.” Said Ng’oma.
He further highlighted that the country has eight high-potential mining projects in the pipeline, including the Kayelekera Uranium Mine, Kasiya Rutile, and Songwe Hills Rare Earth Elements Project, expected to drive economic growth, reduce poverty, and improve living standards for Malawians.
Malawi’s mining agenda is aligned with President Lazarus Chakwera’s “Agriculture, Tourism, and Mining Strategy”, which aims to diversify the Agribusiness, hence streamlining mining regulations, strengthening resource governance, and fast-tracking high-impact projects.
Malawi’s revamped mining strategy has already attracted global interest, with major companies exploring partnerships in energy transition minerals. The government is developing an Energy Transition Minerals Roadmap to guide sustainable mining development and ensure that mineral wealth benefits all Malawians.
Government of Malawi aims to increase the mining sector’s contribution to GDP to at least 10% by 2063, in line with its Vision 2063.
