LILONGWE-(MaraviPost)-Malawi’s Ministry of Mining has signed a landmark Memorandum of Understanding (MoU) worth US$7 billion with Chinese multinational Hunan Sunwalk Technology Group, marking the largest single investment commitment in the country’s mining sector to date.
The MoU was signed on June 16, 2025, at the company’s headquarters in Changsha, China, during the China-Africa Economic and Trade Expo (CAETE). Malawi’s Minister of Mining, Kenneth Zikhale Ng’oma, led the delegation to China and represented the Malawian government during the signing ceremony.
The agreement aims to enhance bilateral cooperation in mining, focusing on sustainable development, technological innovation, and skills transfer. It also sets the stage for Hunan Sunwalk to invest in mineral extraction—particularly titanium in Salima District—and to establish a modern mineral processing facility in Malawi.
Speaking at the signing, Hunan Sunwalk CEO and Founder Hou Xingwang described the agreement as a strategic milestone for both nations.
“This partnership will facilitate the flow of capital, cutting-edge technology, and skilled human resources between China and Malawi,”Hou said.
“We also see potential to explore investments in agriculture and other sectors, contributing to Malawi’s broader economic development.”
Minister Ng’oma said the deal followed detailed evaluations, including environmental and social impact assessments and a review of the company’s global track record citing its successful operations in Zimbabwe as a model.
“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.”Ng’oma said.
Ng’oma added that the partnership aligns with President Dr. Lazarus Chakwera’s vision to transform mining into a cornerstone of Malawi’s economic growth.
“The agreement brings more than financial investment,”
“It introduces modern mining technology and expertise that will help us build local capacity and add value within our borders.”he said
The MoU signals a significant shift in Malawi’s approach to foreign direct investment in mining—prioritizing long-term sustainability, local benefit, and industrial transformation.
Hunan Sunwalk Technology Group, a leading player in mining and high-tech industries, has committed to begin exploration and feasibility studies in Salima District immediately following the agreement.
Officials from both sides described the partnership as a “win-win” arrangement, with potential to catalyze job creation, infrastructure development, and export earnings in the coming years.