Malawi has halted exports of gemstones and precious minerals, and stopped issuing new export licences as it works to reform the mining sector.
The government aims to improve efficiency and transparency in the administration of mineral rights.
The ban, effective immediately, will remain in place until further notice. This move follows an order from the country’s vice president to review all existing mining contracts, a process expected to take 21 days.
Mining Minister Joseph Mkandawire explained that the reforms were necessary to “sanitise the mining sector.”
Malawi is rich in minerals, including uranium, rubies, and sapphires, but has yet to fully harness their economic potential.
In recent years, the country has sought billions of dollars in unpaid taxes and royalties from foreign companies, including a demand for $309 billion from Columbia Gem House, a US-based gemstone company, over the export of rubies.
The mining sector currently contributes just 3.5% to Malawi’s national income, but it could generate up to $30 billion in exports between 2026 and 2040 if the country capitalises on growing demand for “green minerals” like graphite and titanium.
According to the World Bank, despite this potential, nearly three-quarters of Malawi’s 24 million people live in extreme poverty.
