• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

China breaks into Malawi’s mining sector with $7 billion investment package

Simon Osuji by Simon Osuji
June 22, 2025
in Business
0
China breaks into Malawi’s mining sector with $7 billion investment package
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

The deal, signed on June 16, 2025, during the China-Africa Economic and Trade Expo (CAETE) in Changsha, China, includes a large-scale titanium extraction project in Salima and the creation of a state-of-the-art mineral processing facility in the country.

Following the signing, the country’s Minister of Mining, Dr. Ken Zikhale Ng’oma, hailed the deal as a strategic breakthrough, emphasizing its alignment with President Dr. Lazarus McCarthy Chakwera’s long-term vision of transforming mining into a key driver of the national economy.

“This MoU signals a new era; anchored on sustainability, innovation, and inclusive growth. It aligns squarely with President Chakwera’s agenda to turn mining into a driver of national development,” Ng’oma said.

Related posts

Two Nigerian industrialists handily outperform other top-level African billionaires

Two Nigerian industrialists handily outperform other top-level African billionaires

February 24, 2026
Bitcoin Price Prediction For End of February

Bitcoin Price Prediction For End of February

February 24, 2026

China deepens relations in Malawi’s mining sector

Malawi’s Minister of Mining, Dr. Ken Zikhale Ng’oma, said the \$7 billion deal aligns with President Chakwera’s vision of making mining a key driver of the economy.

Notably, Hunan Sunwalk CEO and Founder Hou Xingwang described the agreement as a strategic milestone for both nations, stating that it will, “facilitate the flow of capital, technology, and skilled human resources between China and Malawi”

He also expressed interest in exploring investments in agriculture and other sectors to contribute to Malawi’s broader economic development.

Ng’oma emphasized that the partnership goes beyond raw material extraction, delivering technological transfer, strict environmental compliance, and human resource development.

He highlighted Hunan Sunwalk’s successful performance in Zimbabwe as a testament to the company’s capabilities.

Reassuring the public, the Minister said, “This is the first time Malawi has entered into such a comprehensive MoU with a multinational mining corporation.”

“We ensured that due diligence was conducted thoroughly, and we are confident that the interests of Malawians are well protected.” He added.

Officials from both parties described the agreement as a “win-win” venture, with potential to create thousands of new jobs, infrastructure development, and enhance economic growth.

The Chinese company has reportedly commenced exploration and feasibility studies in the Salima District.

As more African countries move away from traditional EU and US aid models, which often come with allegiance requirements, Malawi is among those eagerly anticipating the transformation of its natural resource sector through partnership with China.

This deal could mark the beginning of a new industrial chapter, one that combines local ambition with international expertise.

Source link

Previous Post

World’s top cobalt producer, DRC, halts exports amid market turmoil

Next Post

No High-Level Arrests Under Vala Umgodi, but SAPS Deepens International Efforts Against Illegal Mining

Next Post
No High-Level Arrests Under Vala Umgodi, but SAPS Deepens International Efforts Against Illegal Mining

No High-Level Arrests Under Vala Umgodi, but SAPS Deepens International Efforts Against Illegal Mining

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

President Ramkalawan calls for Seychelles and Mauritius to reaffirm their commitment to promote and defend the dignity and rights of their people and to continue to be an example for other countries

President Ramkalawan calls for Seychelles and Mauritius to reaffirm their commitment to promote and defend the dignity and rights of their people and to continue to be an example for other countries

2 years ago
BENEFIT introduces ‘Hadeya’ to BenefitPay users, revolutionizing digital gifting

BENEFIT introduces ‘Hadeya’ to BenefitPay users, revolutionizing digital gifting

11 months ago
AirDoctor Coupon Code: 25% Off Purifiers

AirDoctor Coupon Code: 25% Off Purifiers

1 year ago
Gunmen targeted Australia’s Jewish community in a deadly mass shooting

Gunmen targeted Australia’s Jewish community in a deadly mass shooting

2 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.