Power
Mpatamanga hydropower, 358MW
$350m IDA grant approved May 2025. Financial close not yet reached; Egenco expects main contractors to be named by end-2026.
A third of output is allocated to mining
Power
Mozambique to Malawi 400kV interconnector
Energised on 8 August 2026 after repeated delays; 5MW imported to test metering. Commercial imports await a tariff agreement.
First link to the Southern African Power Pool; 50MW of initial imports
Transport
Limbe to Salima rail rehabilitation
Incomplete
Without it, central and northern mines have no rail route to Nacala
Currency
Export proceeds surrender rule
25 per cent of export earnings, cut from 30 per cent in 2025
Cited by the Bank as a severe deterrent to investment
Regulation
Raw mineral export ban
In force since October 2025; locally processed material exempt
Defines what each project must do in Malawi before export
Regulation
Beneficiation and Value Addition Regulations
Draft; consultation closed 10 October 2026
Will set the processing thresholds
Regulation
New mining licences
Issue suspended on 13 February 2026 pending an audit of the registry; still in force
Holds back new licences, including Kasiya’s
Fiscal
Model development agreement and statutory cap on state equity
Recommended by the Bank as one-year priorities
Determines terms for Kasiya and later projects
Fiscal
Resource rent tax
Suspended in every development agreement signed to date
Leaves no mechanism to share windfall profits
Partnership
World Bank Group minerals compact
Malawi named among first eight countries, 16 October 2026
Priorities: governance, power, transport, skills, local suppliers