Malawi has clinched a $10 million grant from the Indian government to fund surveys for critical minerals in Dowa and Kasungu. The deal, unveiled at the India-Africa Business Conclave in New Delhi, is expected to boost Malawi’s mining sector and aligns with President Chakwera’s Agriculture, Tourism, and Mining (ATM) vision.
Minister of Mining, Kenneth Zikhale Ng'oma, says commencement of extraction of rare earth at Kangankunde Mining Site in Balaka has potential to boost the country’s economy as the mining site will be able to remit over US$80,000 annually to Malawi’s economy.
Zozodo Gemstone Consultancy and Mining Company Limited has set ambitious plans for its 2025 financial year, including making massive investment in quarry mining, gemstone value addition and gemstone jewelry production in its efforts to improve the income stability for the company.
Export Development Fund (EDF) says Malawi has the potential to transform its economy through the extractive industry but needs to invest in knowledge that...
