G-Mobie partners with Alliance Media in Malawi

Malawi's third mobile phone service provider, G-Mobile, has entered a pact with Alliance Media, Malawi's largest airport and outdoor media company to install billboards across the country, in the run up to its launch

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Malawi wants private power firms to develop hydro scheme

Malawi government is inviting expressions of interest (EoIs) from reputable companies or consortiums for the development of the Kayelekera North Rukuru river hydroelectric power project on an independent power producer (IPP) basis.

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Malawi blames WB for forex shortages

BLANTYRE, Nov 26 - Malawian President Bingu wa Mutharika has charged the World Bank and the IMF with causing foreign exchange shortages by forcing the country to liberalise the economy, state media said on Thursday.


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Red Rock uranium exploration affiliate Resource Star in Malawi JV with Globe Metals

Red Rock Resources PLC (AIM: RRR) said its 24.4 percent-held Australia-based associate company Resource Star Ltd (ASX: RSL), focused on uranium exploration in Australia and Malawi, has executed a joint venture agreement with Globe Metals & Mining Ltd (ASX: GBE) in relation to the exploration of Resource Star's Machinga niobium-rate earth elements-uranium project in Malawi TO READ MORE CLICK HERE

Energy regulator allows utility to raise tariff base to 36% in Malawi

Malawi’s Energy Regulatory Authority (MERA) has approved a tariff increase of 36 per cent as requested by Electricity Supply Corporation of Malawi (ESCOM), the country’s sole utility company, starting from December 2009
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Malawi inflation slows to 7.3 percent y/y in October

LILONGWE (Reuters) - Malawi's headline consumer inflation slowed to 7.3 percent year-on-year in October from 7.5 percent in September as food inflation continued to ease, the National Statistical Office (NSO) said on Tuesday (TO READ MORE CLICK HERE

Malawi: Kwacha devaluation causes panic

The government's decision to devalue the local currency, the Malawi Kwacha, last week has sparked fears that it might affect interest and inflation rates. TP READ MORE CLICK HERE

China to fund construction of modern stadium in Malawi capital

The People's Republic of China, through its Export-Import Bank Bank, has pledged to provide a 65-million-U.S. dollar loan to Malawi towards construction of a modern national stadium in the capital, Lilongwe.  TO READ MORE CLICK HERE

Reserve Bank predicts 8 percent growth to 2014

Malawi's annual economic growth over the next four years is forecast to average 8 percent and inflation will likely remain in single digits, Reserve Bank of Malawi Governor Perks Ligoya said on Friday. Ligoya told Reuters that the economy is projected to remain robust in 2009 through to 2014. "In our economic framework with the International Monetary Fund we are projecting robust growth for our economy to average 8 percent up to 2014 and inflation to remain in single digits," Ligoya said in an interview. TO READ MORE CLICK HERE

Malawi Urged to Stop Buying Luxury Goods, Save Foreign Exchange

Malawians should stop importing luxuries such as cars and televisions to conserve foreign exchange in the southern African nation, the central bank said.
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FX shortage crimps Malawi ministers' foreign trips

LILONGWE (Reuters) - Malawian President Bingu wa Mutharika has told senior civil servants and ministers to cut back on overseas travel due to a severe shortage of foreign exchange in the southern African nation.


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Malawi, developing partners sign three monetary agreements

The Malawi government has signed grant agreement with three donor partners on agriculture infrastructure, 2010 fertilizer subsidy programme and the strengthening of the National Audit Office (NAO).
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Malawi 2009 growth forecast cut to 7.7 pct: c.bank

 Malawi's economy was expected to grow by 7.7 percent in 2009, lower than the 7.9 percent expansion forecast earlier this year, central bank Governor Perks Ligoya said on Wednesday.TO READ MORE CLICK HERE

Malawi, IMF discuss flexibility in kwacha’s exchange rate

The Malawi government and the US-based International Monetary Fund (IMF) have agreed in principle to offer some flexibility in the country’s exchange rate which has been worsening due to, among other things, a shortage of forex because of low tobacco prices and exports in the past season. TO READ MORE CLICK HERE

Malawi seeks to boost private sector investments

Malawi's development agenda is focusing on nine priorities that have the potential to transform the country from poverty to prosperity, Malawi Deputy Minister of Trade and Industry Steven Kamwendo told the New Partnership for Africa's Development Business Foundation on Tuesday
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Malawi Dollar Shortage May End Fixed Kwacha Rate, Analyst Says

A shortage of foreign currency in Malawi has forced some companies to delay expansion projects and is beginning to undermine the fixed exchange rate policy that has been in place for more than two years. READ MORE

Malawi tobacco sales 'drop 9%'

 Sales of Malawi's main cash crop tobacco dropped nine percent to 433 million dollars (293 million euros) this year, as prices at the auction floor fell by nearly a quarter, the country's crop watchdog said Wednesday.READ MORE

Zain Malawi wins 3G mobile phones licence

APA-Lilongwe (Malawi) Zain Malawi, a leading mobile service provider in the country, has finally received an International Mobile Telecommunication’s third generation (3G) licence which the company applied to government in 2006. READ MORE