Bloomberg Malawi’s Central Bank Maintains Key Rate at 15%

By Frank Jomo

May 28 (Bloomberg) -- Malawi’s central bank maintained the key rate at 15 percent to contain inflation, saying it aims to provide sufficient liquidity to support economic programs and to build up reserves.TO READ MORE

Globe Metals & Mining hits wide zone of heavy rare earth oxide at Machinga

Globe Metals & Mining (ASX: GBE) has reported the second batch of laboratory chemical results for the initial trenching program at the Machinga Rare Earth Project in southern Malawi, with a 33m-wide zone of heavy rare earth oxide (HREO) mineralisation intersected in the second trench.




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Malawi Strategizes On Cotton and Clothing

 For three days of 21t – 23 April 2010, in Blantyre, Malawi, illuminated the dark and complex cotton value chain of Malawi. For the first time, in a long time, the faces of the key players in the cotton sector of Malawi shone with hope and poise to bring back the long lost glory where cotton used to feed people, feed industries and dress Malawians. Thanks to COMESA and USAID who facilitated the largest cotton stakeholder meeting of recent times in Malawi. The objective of the meeting was to take stock of issues of the sector that would be the focus in the development of Malawi Cotton to Clothing Strategic Plan, 2011-16, that will aligned to the COMESA Regional Strategy on Cotton to Clothing Value Chain that was approved by the COMESA Council of Ministers in Victoria Falls in June 2009
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Malawi’s legal framework does not allow the populace to benefit fully from the country’s minerals endowment

By: Jonathan Faurie

23rd April 2010

Concerns over the level of benefits the Malawi population is deriving from mining activities were raised at the recent Southern African Resource Watch conference, held in Johannesburg.

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Malawi to net US$500m in mining prospects

Malawi's mining prospects are expected to jump from the current $100m to $500m between now to 2018, the Ministry of Labour said. A World Bank review of the country's mining sector revealed the good news. Principle Secretary Andrina Mchiela said such figures will provide employment as the industry will contribute more to the GDP.

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Kayelekera hits 228 998 lb

Production at the Kayelekera project, in Malawi, reached 228 998 lb during the third quarter, a close to 60% increase from the 145 315 lb produced during the previous quarter.
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Malawi tobacco has new buyer from Japan : TCC

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APA-Lilongwe (Malawi) Malawi tobacco industry has registered a new buyer of tobacco from Japan, adding the number of existing buyers has reached eight in the country, the Tobacco Control Commission (TCC) said here Friday.