Malawi has launched a roadmap to expand its energy-transition minerals sector, targeting up to $600 million in government mining revenues by 2040.

The expansion seeks to attract billions of dollars in investment and diversify its economy.

The Energy Transition Minerals Roadmap, launched in Lilongwe on Tuesday under the theme ‘From Potential to Prosperity’, outlines reforms to strengthen mining governance, attract investment and increase economic benefits.

Mining Minister, Thoko Tembo, said Malawi has potential in uranium, graphite, rutile, rare earths, niobium, tantalum and mineral sands, adding that unlocking the potential would require electricity, transport infrastructure, skilled workers, transparent regulations and stronger coordination across government.

The roadmap estimates mining development could require $1.3 billion to $2.1 billion in private investment by 2040.

World Bank Division Director for Malawi, Tanzania, Zambia and Zimbabwe, Firas Raad, said the Bank is considering a programme to support the Ministry of Mining and stakeholders, and that World Bank investments in energy infrastructure, including the Malawi-Mozambique interconnector and power projects, would be critical to supporting mining growth.

Tembo said government would coordinate ministries responsible for mining, energy, finance, transport and natural resources to implement the roadmap.

Aspolo Mousah – Staff Reporter, Lilongwe