World Bank Holds Back $40 Million in Malawi Support on IMF Program Review - Bloomberg

World Bank Holds Back $40 Million in Malawi Support on IMF Program Review - Bloomberg: "World Bank Holds Back $40 Million in Malawi Support on IMF Program Review
The World Bank is holding back $40 million in budget support to Malawi because the country hasn’t completed the review of its program with the International Monetary Fund, the Daily Times reported, citing the bank’s country manager."

EU injects €161 million into Malawi's ailing economy

EU injects €161 million into Malawi's ailing economy:

The European Union, mid last week, announced the approval of €161 million (approximately MWK 34 billion) that will go towards a package of six strategic programmes. This assistance is in line with Malawi's 2010 Annual Action Programme under the 10th European Development Fund (EDF). About €12 million (approximately MKW 2.8 billion) of this money will go towards a new Capacity Building Programme for Trade and Private Sector Development."

Malawi's maize output seen at 3.8 mln T this yr | Reuters

Malawi's maize output seen at 3.8 mln T this yr | Reuters:

LILONGWE (Reuters) - Malawi is expected to harvest 3.8 million tonnes of maize this year, up from 3.5 million reaped in the previous year, despite some dry periods during the season, President Bingu wa Mutharika said on Monda"

Malawi to benefit from Gateway SADC terrestrial rollout plan

Malawi to benefit from Gateway SADC terrestrial rollout plan:
LILONGWE: The next phase of Gateway Communications' terrestrial network project for 2011 has now gone live in Malawi. The supplier of pan-African telecommunications services has connected a fibre optic terrestrial route in-country that will provide capacity via the SEACOM and EASSy sub-sea cables."

Malawi gets high-speed connectivity

Malawi gets high-speed connectivity:


telecoms services provider has connected a fibre-optic terrestrial network in Malawi that aims to provide Internet capacity via Seacom and Eassy sub-sea cables.Mike van den Bergh, CEO of Gateway Communications, says the company aims, in the long-term, to provide affordable and accessible high-quality connectivity for every African country.'"

Malawi's April inflation slows to 7.1 pct y/y

Malawi's April inflation slows to 7.1 pct y/y | Reuters: "Malawi's April inflation slows to 7.1 pct y/y

JOHANNESBURG (Reuters) - Malawi's headline consumer inflation slowed to 7.1 percent year-on-year in April from 7.2 percent in March, the country's National Statistics Office said on Friday."

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters: "Britain freezes Malawi aid, chides Mutharika

LILONGWE, May 19 (Reuters) - Britain said on Thursday it had frozen new aid to Malawi pending a review of its ties with the southern African country after the mutual expulsion of diplomats in April.

'The UK is reviewing its relations with Malawi, including DFID's aid programme. New aid commitments are on hold while this review takes place,' the Department of International Development (DfID), Britain's aid arm, said in a statement"

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters: "Britain freezes Malawi aid, chides Mutharika
Thu May 19, 2011 4:14pm GMT Print | Single Page [-] Text [+]
* Britain freezes new aid to Malawi

* Diplomats expelled last month

LILONGWE, May 19 (Reuters) - Britain said on Thursday it had frozen new aid to Malawi pending a review of its ties with the southern African country after the mutual expulsion of diplomats in April.

'The UK is reviewing its relations with Malawi, including DFID's aid programme. New aid commitments are on hold while this review takes place,' the Department of International Development (DfID), Britain's aid arm, said in a statement"

Bio Energy of Malawi to Build $18 Million Jatropha Plant, Daily Times Says - Bloomberg

Bio Energy of Malawi to Build $18 Million Jatropha Plant, Daily Times Says - Bloomberg: "Bio Energy of
Bio Energy Resources Ltd. of Malawi plans to build an $18 million plant to produce bio-fuels from jatropha seeds, the Daily Times reported, citing Chief Executive Officer Lourie Webb."

Paladin reports higher nine-month production, sales

Paladin reports higher nine-month production, sales: "Paladin reports higher nine-month production, sales
COMMENT PRINT EMAIL |

By: Esmarie Swanepoel
13th May 2011
 Paladin Energy has recorded a 47% increase in production and a 31% increase in sales for the nine months to March, compared with the same period in 2010."

Mozambique: Nacala Port Key for Mineral Exports

allAfrica.com: Mozambique: Nacala Port Key for Mineral Exports: "The Nacala port and rail system in northern Mozambique can be a major factor in the development of sub-Saharan Africa, according to Roger Agnelli, chairperson of the Brazilian mining giant, Vale.



Speaking to reporters in Moatize, in the central province of Tete, where Vale is operating a gigantic open cast coal mine, Agnelli said that Nacala could not only facilitate the development of Malawi, but could also take the exports of the entire copper belt region of Zambia and the Democratic Republic of Congo. All the necessary production inputs could also be imported via Nacala."

Nacala Railroad in Mozambique due to be concluded by 2014 | Macauhub English

Nacala Railroad in Mozambique due to be concluded by 2014 | Macauhub English: "Nacala Railroad in Mozambique due to be concluded by 2014
MAY 13TH, 2011 NEWS
Maputo, Mozambique, 13 May – Construction of the Nacala Railroad in Mozambique, linking Moatize to the Northern Corridor and providing access to the port of Nacala, is due to be concluded in 2014. It will be the most feasible alternative for coal exports, given the limitations of the Sena Railroad, according to Mozambican daily newspaper, Notícias."

Seed Co. of Zimbabwe to Boost Malawi Production Threefold, Build Plant - Bloomberg

Seed Co. of Zimbabwe to Boost Malawi Production Threefold, Build Plant - Bloomberg: "Seed Co. of Zimbabwe to Boost Malawi Production Threefold, Build Plant

Seed Co. (SEEDCO) Ltd., a Zimbabwean crop-seed company with operations in several African nations, will boost production more than three-fold at its Malawian unit this year, said Alec Kasaila, its spokesman in Malawi.

The Harare-based company will invest 700 million Malawian kwacha ($4.6 million) to build a processing plant in the capital, Lilongwe, Kasaila said in a phone interview today. Production will probably increase to 15,000 metric tons of seed a year from about 4,000 tons, he said."

Resource Star defines new geochemical rare earth elements targets in Malawi - Proactiveinvestors (AU)

Resource Star defines new geochemical rare earth elements targets in Malawi - Proactiveinvestors (AU): "Resource Star defines new geochemical rare earth elements targets in Malawi
Thursday, April 28, 2011
Resource Star (ASX: RSL) has identified rare earth elements (REE) anomalies after the interpretation of a systematic soil survey at the company’s 90% - owned Ilomba Hill Project in northern Malawi."