Malawi’s extractive industry has begun to attract worldwide attention due to recent discoveries of various mineral resources ranging from coal, bauxite, niobium, uranium and rare earth of which Malawi has got the largest deposit reserves in Africa. Momentum and interest in Malawi’s extractive industry was ignited by the commissioning of Kayelekera mine in 2007/2008 which is by far the largest Foreign Direct Investment (FDI) in the country with an investment portfolio of over US$500 million and producing one percent of the world’s uranium. This research study unequivocally established that the benefits that Malawi, as a country, is gaining from the deal made with Kayelekera are tangential and dismal. In this study an analysis is done through reviewing the existing policies governing foreign direct investment in the extractive industry. The research team used both quantitative and qualitative data in carrying out the analysis. Existing mining sector policies, programme strategies and frameworks were reviewed.
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