Malawi Foreign Reserves Fell to $177.9 Million by Mid-November

 Malawi’s foreign-exchange reserves declined to $177.9 million by mid-November, the equivalent of 1.38 months of import cover, from $205.3 million during October, the nation’s central bank said.

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Norsat Enters Wireless Networking with Sale of Wireless Equipment into Malawi

 Norsat International Inc. a leading provider of intelligent satellite solutions, announces that via its investing arm, Norsat Capital Inc,("Norsat Capital"), it has made its first strategic investment in a Malawi, Africa-based wireless broadband operator, Tonse Solutions ('Tonse'). TO REAM MORE CLICK HERE

GAIN seeks extension of network rollout deadline

Malawi’s third licensed mobile operator, Global Advanced Integrated Networks (GAIN), which intends to provide services under the G-Mobile banner, has admitted it will not be able to meet the 31 December 2009 deadline for the rollout of its network as stipulated by its licence, TO READ MORE CLICK HERE

Britannia Increases Mindale Iron Ore Area to 650 sq km

Britannia Mining (“Britannia”) is pleased to announce that it has secured a significant addition to its iron ore exploration portfolio in southern Africa after being granted a second Exclusive Prospecting Licence ("EPL") covering a total area of 630 square kilometres in the Mindale area of south Malawi, located near Blantyre. The grant of the EPL, to Britannia’s 100%-owned subsidiary, Britannia Malawi Ltd, was announced by the Minister of Energy, Mines and Natural Resources of the Republic of Malawi, giving Britannia the right to explore for iron ore, within the Mindale Project Area.
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Malawi may be next important coal destination of Africa

Malawi can well turn out to be the next attractive coal destination in Africa after Mozambique, thanks to its huge unexplored deposits. Till very recently, it was Mozambique which was hogging all the attention from many steel and power producing companies, particularly from India. But Malawi looks set to take over very soon. Located in southern Africa, Malawi is attracting global interest owing to its unexplored coal reserves. In fact, Indian companies are also putting some serious thought into coal exploration work in the country. Coal is probably the single most important mineral known to occur in the Karoo System, which is a geological classification followed in Malawi.TO READ MORE CLICK HERE

Globe picks up rare earth project

TO READ MORE CLICK HEREGLOBE Metals & Mining has entered into a joint venture agreement with Australian company Resource Star to acquire up to 80% of the Machinga rare earth project in Malawi.

Japan to finance Mtwara Mbamba Bay road

Japan has agreed to extend $40 million (about Sh53 billion) in development aid to Tanzania. In the first agreement Japan will provide almost Sh23 billion to help Tanzania improve the Masasi-Mangaka toad. The 55-kilometre road is part of the 800-kilometre road from Mtwara to Mbamba Bay. TO READ MORE CLICK HERE

A Locomotive train arrives in Chipata for the first time

The first locomotive train to move on the Chipata/Mchinji railway, which has been under construction for the past 27 years, arrived in Chipata this afternoon.

There was excitement and jubilation among people of Chipata who gathered six kilometers from Mwami boarder, to witness the first working train, when it finally arrived carrying ballast stones for the completion of the Chipata/Mchinji project at 13:00 hours this afternoon. TO READ MORE CLICK HERE

Paladin says Kayelekera mine unaffected by Malawi quakes

 Paladin Energy on Wednesday reported that its Kayelekera mine, in Malawi, had remained unaffected by a spate of earthquakes and after-shocks that had hit the area during the last three days.

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Malawi’s Access Communications targets fixed line niche market with CDMA2000 EVDO Rev A network

Access Communications is currently rolling out its CDMA 2000 EVDO Rev A network (which will operate on 800 mghz) in 4 cities in Malawi: Blantyre, Lilongwe, Muzuzu and Zomba. By the end of this month the capital will be covered and the others by April 2010.TO READ MORE

Globe Metals & Mining announce high grade infill drill results at Kanyika Niobium Project

Globe Metals & Mining (ASX: GBE) has announced the first batch of 2009 infill drilling results from its Kanyika Niobium Project in Malawi. TO READ MORE CLICK HERE

Malawi, UN to carry out investor survey

Malawi in collaboration with the UN Industrial Development Organisation (UNIDO) will carry out an investor survey in the country under the Africa Investment Promotion Agency Network (AfriPANet) from 2009 to 2011.

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Uranium to boost Malawi’s revenue by US$200m

APA-Lilongwe (Malawi) Despite the current depressed mineral prices on the global market, Malawi is expecting that the uranium produced from its Kayelekera Mine in the north of the country would contribute more than MK12 billion (US$200 million) export earnings in 2010, according to Finance Minister Ken Kandodo in Lilongwe on Tuesday. TO READ MORE CLICK HERE

Malawi: Fuel crisis hikes transport fares

Shortage of petroleum products - diesel, petrol and paraffin - in Malawi is forcing commercial transport operators to queue late into the night and thus double the actual transport fares. Currently, there are long queues at different service stations in search of the commodity which scarcely come.TO READ MORE CLICK HERE

Malawi: Six million Euro to save fuel crisis

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Malawi is coughing out a whooping six million euros to halt its acute fuel shortage that has affected its economy. Market watchers blame the crisis on the shortage of foreign currencies to buy enough fuel from Mozambique.

Malawi to manufacture local AIDS drugs

Malawi is to start manufacturing anti-retroviral drugs (ARVs) on home soil to boost the fight against AIDS, announced President Bingu wa Mutharika.TO READ MORE CLICK HERE

Malawi: Fuel crisis hikes transport fares

TO READ MORE CLICK HERE Shortage of petroleum products - diesel, petrol and paraffin - in Malawi is forcing commercial transport operators to queue late into the night and thus double the actual transport fares. Currently, there are long queues at different service stations in search of the commodity which scarcely come.