The deal, signed on June 16, 2025, during the China-Africa Economic and Trade Expo (CAETE) in Changsha, China, includes a large-scale titanium extraction project in Salima and the creation of a state-of-the-art mineral processing facility in the country.
Following the signing, the country’s Minister of Mining, Dr. Ken Zikhale Ng’oma, hailed the deal as a strategic breakthrough, emphasizing its alignment with President Dr. Lazarus McCarthy Chakwera’s long-term vision of transforming mining into a key driver of the national economy.
Notably, Hunan Sunwalk CEO and Founder Hou Xingwang described the agreement as a strategic milestone for both nations, stating that it will, “facilitate the flow of capital, technology, and skilled human resources between China and Malawi”
He also expressed interest in exploring investments in agriculture and other sectors to contribute to Malawi’s broader economic development. Ng’oma emphasized that the partnership goes beyond raw material extraction, delivering technological transfer, strict environmental compliance, and human resource development.
Officials from both parties described the agreement as a “win-win” venture, with potential to create thousands of new jobs, infrastructure development, and enhance economic growth. The Chinese company has reportedly commenced exploration and feasibility studies in the Salima District.
Source: Africa.businessinsider