By Linda Kwanjana
The Minister of Mining Kenneth Zikhale Ng’oma has led the Malawi delegation from the ministry of Mining to the China-Africa Economic and Trade Expo [CAETE] 2025 that is currently taking place in Changsha-China.
The summit which will take place from 12th to 15th June has provided the Malawi’s minister to explore and find potential partners to invest in the mining sector.
So far, Minister Ng’oma has held a high level meeting with the founder and owner of Xingwang Group of Companies,Mr Hou Xingwang,one of the richest people in China.
Mr.Xingwang who also owns Sun walk [A telecommunication company], expressed enthusiasm to invest in Malawi by focusing on the mining of Titanium minerals which will enable them to plant a high-tech company in the country,as they are making similar investment in the African countries like Zimbabwe.
He said: “The company intens to invest in Malawi after noticing the availability of the potential mineral resource,adding that the initiative will aim to improve lives of the citizenry ,improve the economy of the country as well as strengthening the mining industry before moving to another aspect within the sector”.
On his part,Minster of Mining Kenneth Zikhale Ng’oma expressed gratitude for hoping to invest in Malawi, saying the investment will turn around the country’s economy.
Ng’oma disclosed that the country is rich in minerals,hence the need for more investors in order to promote the mining sector.
In this regard,Ng’oma highlighted that the investment in high-tech will enable the youths,women and physically challenged people to participate in the mining sector.
“His Excellency the State President of the Republic of Malawi Dr.Lazarus McCarthy Chakwera is championing the Agriculture, Tourism and Mining [ATM] strategy in which under my ministry we are focusing on Innovation,Creativity and Entrepreneurship [ICE]model, as a national strategy designed to drive growth and inclusivity of the youths, women and physically challenged people,”Ng’oma said.
On the trip,Ng’oma has been accompanied by top officials from the Ministry of mining that include; the Principal Secretary for the Ministry of Mining Mr.Martin Kaluluma Phiri,Director General for the Mining and Mineral Regulatory Authority Mr.Samuel Sakhuta,Chief Executive Officer for Malawi Mining and Investments Company [MAMICO] Prof.Leonard Kalindekafe, Director of Planning and Policy in the Ministry of Mining Mr. Jollan Banda as well as the Acting Director of Corporate Services in the Ministry of Mining Mr.Andew Chisamba.
