Standard Bank champions sustainable mining growth in Malawi
Standard Bank Malawi has positioned itself as a key financial and advisory partner in the country’s mining industry. It pledges continued support to both large-scale operations and small-scale miners as the sector gains prominence in Malawi’s economic development agenda.
During a recent industry engagement in Lilongwe, government officials, international investors, and mining stakeholders converged to strengthen partnerships and drive dialogue around sustainable growth in the extractives sector.
Standard Bank Malawi Chief Executive Phillip Madinga said the institution’s role goes beyond traditional banking, highlighting its experience in mining finance across Africa—from Zambia’s Copperbelt to South Africa’s gold fields.
“You cannot talk about mining in Africa without mentioning Standard Bank,” said Madinga. “We support the entire value chain—from major corporations to contractors, suppliers, and local communities.”
Madinga emphasized the bank’s ecosystem approach, noting that mining cannot thrive without strong links to transport, energy, and infrastructure—all sectors in which Standard Bank is actively involved.
Minister of Mining Ken Zikhale Ng’oma commended the bank’s efforts in building a more inclusive industry by supporting artisanal miners, who often face barriers in accessing finance and technical support.
“Standard Bank’s work in empowering small-scale miners is a critical piece of the broader mining puzzle,” said Ng’oma.
“They are helping transform what has long been an informal sector into a key pillar of national development.”
Stakeholders at the event echoed the need for stronger collaboration between the public and private sectors, noting that unlocking the country’s mineral potential requires coordinated investment, policy support, and community engagement.
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