MZUZU-(MaraviPost)-President Lazarus Chakwera on Tuesday, August 12, 2025 is expected to officially reopen the Kayelekera Uranium Mine in Karonga — a major economic milestone for Malawi.
The mine, closed since 2014 when former owners Paladin Africa suspended operations due to falling uranium prices, is now being revived under new ownership.
Lotus Resources Limited of Australia holds 85% of the project, while the Government of Malawi retains a 15% stake through a Mining Development Agreement (MDA).
The reopening could inject millions of dollars into the economy, create jobs, boost Karonga’s local businesses, and strengthen Malawi’s export revenues at a time when the country is desperate for foreign exchange.
Despite global uranium market improvements, it’s Malawi’s favourable policies under President Chakwera’s ATM+M strategy that attracted Lotus Resources to bring Kayelekera back to life.
This reopening is a clear victory for Malawi’s economic plan, promising jobs, growth, and a brighter future.
After the inauguration, Chakwera — who is also on the campaign trail — will make whistle-stop rallies at Iponga, Mwenitete, Karonga Town Roundabout, Lupembe, Nyungwe, and Uliwa.