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Malawi’s Mining Boom Needs New Finance | Malawi News
Malawi’s mining sector is on the brink of a major transformation, with Minister Thoko Tembo urging local banks to rethink their lending models and embrace innovative finance to unlock the country’s mineral potential. Currently contributing just 1% to GDP, mining is set to surge by 2028 with three flagship projects—uranium, rare earths, and niobium—expected to drive growth. The minister insists traditional banking won’t suffice; instead, tailored financial tools are needed to navigate mining’s complex risks and phases. The Bankers Association echoes this call, seeing mining as a pathway to a…
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