IMF extends Malawi a $79.4 million credit facility

WASHINGTON (Reuters) - The International Monetary Fund said on Friday it had approved a three-year $79.4 million extended credit facility for Malawi to support the country's economic program. It said in a statement the amount represented 75 percent of the southern African nation's special drawing rights quota in the Fund. Record agricultural harvests in recent years led to Malawi's agricultural-based economy growing 9.8 percent in 2008 and an estimated 7.6 percent last year.

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Paladin Gains on Uranium Production Outlook at Malawi Project

Feb. 17 (Bloomberg) -- Paladin Energy Ltd., the Australian uranium producer with mines in Africa, rose the most in almost four months in Sydney trading after expressing confidence that output at its Malawi project would improve significantly.TO READ MORE 

Globe Metals & Mining Announces Exciting Drill Results At Kanyika Niobium Project

African-focused resource company Globe Metals & Mining (ASX: GBE) has announced the third batch of 2009 exciting infill drilling results from its Kanyika Niobium Project in Malawi. TO READ MORE CLICK HERE 

Globe Metals & Mining Soil Sampling Results Define Strong Anomaly At Machinga

Wednesday, February 17, 2010African-focused resource company Globe Metals & Mining (ASX: GBE) has announced the initial soil sampling results from the Machinga Rare Earth Project in southern Malawi.TO READ MORE CLICK HERE 

Malawi’s Tobacco Output May Fall 7.3% on Drought,

 Feb. 16 (Bloomberg) -- Tobacco production in Malawi may fall 7.3 percent this season because of drought,

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Malawi names preferred concessionaire for lake transport service

The Malawi government has named Portuguese multidisciplinary engineering group Mota Engil the preferred bidder for the concession to manage Malawi Lake Services (MLS), a State-owned entity that runs water transport services in the Southern African country.

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Japanese seek to exploit Nacala Development Corridor in Mozambique

Japanese entrepreneurs are considering use of the Nacala Development Corridor in coming years to access coal from Moatize, extracted in the district of the same name in Tete province
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Zambia: 95 % of work on Chipata-Mchinji railway line completed

The first train carrying ballast stones for the completion of the Chipata/Mchinji railway project arrived in Chipata today to the excitement of residents that gathered to witness the laying of the stones on the railway track. Construction of the Chipata-Mchinji railway is scheduled to be completed before the end of this month.
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Globe Metals & Mining Delivers High-Grade Drill Results From Kanyika Niobium Project

African-focused resource company Globe Metals & Mining (ASX: GBE) has announced further high-grade results from the second batch of 2009 infill drilling results at its Kanyika Niobium Project in Malawi.

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