Billions promised, millions expected: Malawi's mining boom fiscal gap
As foreign companies advance projects worth tens of billions of dollars in critical minerals, Malawi's fiscal watchdog projects the government will collect roughly $19 million (R313m) from the entire mining sector this year. Official documents, company disclosures and civil society records point to structural weaknesses in the contracts and oversight mechanisms that were meant to close the gap.
As foreign companies advance projects worth tens of billions of dollars in critical minerals, Malawi's fiscal watchdog projects the government will collect roughly $19 million (R313m) from the entire mining sector this year. Official documents, company disclosures and civil society records point to structural weaknesses in the contracts and oversight mechanisms that were meant to close the gap.