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On the sidelines of the #UNGA79, Malawi participated in the Africa Minerals Strategy Group (AMSG) High-Level Roundtable Discussion on Africa’s Natural Resources Shaping the Future, which was convened to deliberate on how to harness Africa’s vast natural resources and accelerate the achievement of the Sustainable Development Goals while catalyzing the economic development of Africa and powering the global energy transition.
Minister of Mining Hon Monica Chang’anamuno represented H.E The President Dr Lazarus McCarthy Chakwera.
The meeting brought together notable figures including the Vice President of Nigeria H.E Kashim Shettima, Minister of Solid Minerals Development for Nigeria Hon. Dr. Dele Alake, Minister of Mines and Mineral Resources for Sierra Leone Hon. Julius Mattai, H.E Alparslan Bayrakta, Minister of Energy and Natural Resources for Turkey, Minister of State of Foreign Affairs for United Arab Emirates H.E Sheikh Shakhboot bin Nahyan Al Nahyan, Mr. Alberto Castronovo Head of Italian Sovereign Fund for Mining, Mr. Stefano Marguccio Deputy CEO of Sustainable Energy For All, Government representatives from Egypt and Liberia and Secretary General for (AMSG) H.E Moses Micheal Engadu.
The event was attended by more than 200 private sector CEOs to identify key strategies for fostering local and regional renewable energy manufacturing capabilities, and offer a platform for countries to share insights on the current gaps in data, tools, capacities and policy frameworks that hinder domestic value addition and equitable benefits sharing, thereby guiding an action agenda for development partners to pursue.
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The Ministry of Mining has said it is set to hold the first-ever edition of the Malawi Mining Investment Forum (MMIF) from the 23rd to the 24th at the Bingu International Conventional Centre (BICC) in Lilongwe.

The forum will be held under the theme “Transforming the Nation through Sustainable Mineral Extraction".

Speaking to the press on Friday, Minister of Mining Monica Chang’anamuno said the two-day Forum which is expected to attract over 300 participants drawn from around the globe, is part of the ATM promotional week, which President Dr Lazarus McCarthy Chakwera announced a few weeks ago.

Chang’anamuno said Malawi is endowed with various mineral resources, including rare earth elements (REEs), graphite, uranium, gold, and gemstones, among others and that the forum will be a good platform to provide information that investors need so that they know what we have in Malawi.

“This is going to benefit the country a lot because it will unearth the potential that is there in the country so that a lot of investors can come and invest in our country.

“At the same time not just to invest in exploration and mining but there are also other projects that are already existing and there are investors that would want to be part of these projects,” she said. 

The Minister further said the government intends to grow the mining sector to contribute to at least 20% of the Gross Domestic Product (GDP). Chang'anamuno called upon development partners, companies, individuals and other stakeholders in the mining sector to participate in the upcoming forum, which is an opportunity for exploring potential partnerships and investments.

“There is going to be a lot of networking that is going to take place during this time therefore it is very important for even other service providers not just those who are doing mining activities but they have other services that they can provide to those that are doing mining. This is their opportunity to come and attend this forum to see where they can provide their services,” the Minister said.

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President Dr. Lazarus McCarthy Chakwera has reiterated that mining is one of the priority sectors under the Agriculture, Tourism and Mining (ATM) strategy.
Chakwera entitled his 2024 SONA State of the Nation address, ‘Taking stock and advantage of our progress in achieving economic recovery and resilience’, and said this today during the opening of the 2024/2025 budget meeting.
The President is optimistic that concerted efforts centered on the ATM and other priorities hold the promise of improved livelihoods and greater growth of Malawi’s economy than what the economists are projecting.
The ATM Strategy hinges on enhancing agriculture, tourism, and mining productivity.
Chakwera observed that sectors under the ATM strategy are vital sectors that hold the key towards achieving food security, job creation, and wealth creation in the shortest time possible if their activities are boosted.
“If achieving food security, job creation, and wealth creation through Agriculture, Tourism, and Mining is our priority, I said, then this is where we must put our hardest-working and smartest officials, not those who are lazy and complacent.
“Madam Speaker, I believe that our concerted effort in promoting and leveraging these priorities holds the promise of greater growth than what the economists are projecting,” Chakwera said.
He then called for seriousness in promoting ATM across MDAs instead of engaging in territorialism through institutional turf wars.
“We must get serious by taming our appetite to spend public resources on nonproductive activities and non-productive public sector bodies,” Chakwera said.
Reacting to the SONA, National Planning Commission Director General Dr Thomas Chataghalala Munthali said the address “is the most MW-2063 centric SONA” as it places wealth creation at the centre of focus.
“It sends the correct signals to all stakeholders - Parliament, MDAs, non-state actors and citizens on the importance of getting serious in living the talk of wealth creation,” Munthali said.
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Azurite Management and Consultancy, a professional and technical advisor for mining, exploration, oil and gas from Tanzania has opened its doors in Malawi.

 

This follows a series of engagements which included the recent interaction the firm had with the Malawi delegation led by the Minister of Mining Monica Chang’anamuno MP at the Tanzania Mining and Investment Forum in Dar Salaam that was held from 25 to 26 October, 2023.

 

Speaking when Azurite officials made a courtesy call to the Ministry of Mining, the company’s Director Christer Mhingo said they are here to support investment in the mining sector by nurturing client relations with key government authorities.

 

“We focus on providing general business support to foreign and local investors in Sub-Saharan, especially in the mineral exploration and mining sector. We help them to register, we do exploration management and we also do country risk assessments among them,” Mhingo said.

 

Rio Tinto, Lindian Resources Limited, Lindian Resources Limited, Globe Metals and others are some of the potential Azurite Management and Consultancy partners and clients.

 

The officials from Azurite held meetings with different companies involved in exploration and mining in Malawi including those that have expressed interest.

 

Minister of Mining Hon Monica Chang'anamuno MP expressed her commitment to support any investment in the mining sector.

 

She further indicated that the investment fora that she has attended are now bearing fruits.

 

“More investors have come to Malawi to obtain further information on our mineralization and basic mineral data has been made available for them to make informed decisions,” Chang’anamuno said.

 

Ministry of Mining Principal Secretary Dr Joseph Mkandawire said mineralization is spread throughout the country and that collaboration services Azurite is offering are most welcome.

 

Mkandawire noted that more investors are needed in the area of in-depth exploration.

 

 

 

CONTACT US

Ministry of Mining,

P.O Box 251,

Lilongwe, MALAWI

Tel: +265-1-755 303

Matamando House,

City Center, Lilongwe

EXTRACTIVE REVENUES

Analysis of total revenue contribution by sectors during the 2016/17 Fiscal Year.
 

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