Port improvements on Tanzanian side of Lake Malawi

ATOMIC RE : IEC signs Agreement for Port facilities | 4-Traders: "ATOMIC RE : IEC signs Agreement for Port facilities

INTRA ENERGY SIGNS MEMORANDUM OF AGREEMENT WITH TANZANIAN PORT AUTHORITY
Intra Energy Corporation Limited (IEC) is pleased to announce that Tancoal Energy Limited (Tancoal) and the Tanzanian Port Authority (TPA) have signed a Memorandum of Agreement which will result in the improvement and upgrading of the existing Itungi Port facilities at Lake Malawi in south west Tanzania, where Tancoal’s product coal will be received for sales offtake."

'via Blog this'

Paladin diverts Kayelekera product

Paladin diverts Kayelekera product: "Paladin says Malawi drying and packaging plant off-line
COMMENT PRINT EMAIL |


PERTH (miningweekly.com) – Uranium miner Paladin Energy on Monday reported that the drying and packaging plant at the Kayelekera uranium operation, in Malawi, was temporarily off-line owing to a planned maintenance shutdown."

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MALAWI: Remaining in the Dark - IPS ipsnews.net

MALAWI: Remaining in the Dark - IPS ipsnews.net: "Remaining in the Dark
By Claire Ngozo

LILONGWE, Aug 11, 2011 (IPS) - Malawi’s attempts to improve trade and investment in the country have taken a huge step backwards following a decision by the Millennium Challenge Corporation (MCC), a United States government foreign aid agency leading the fight against global poverty, to put on hold 350.7 million dollars meant to improve the country’s flawed energy sector."

Growers Stuck on Contract Termination

Growers Stuck on Contract Termination: "Growers Stuck on Contract Termination

Written by Angela Mkandawire
Sunday, 07 August 2011 08:24

Tobacco sales

Growers from Nkhata Bay are stranded as they do not know where they will sell thousands of bales of dark fired tobacco following the termination of a contract they entered into with Limbe Leaf Tobacco Company.


There are also fears that growers may lose tobacco that transporters took to the market earlier.

Justifying the decision to terminate the contract, officials from Limbe Leaf Company say the organization has purchased the levels of dark fired tobacco it longed to acquire as per the said contract agreement."

IFC Capitalization Fund and Africa Capitalization Fund invest in NBS Bank to Support Malawi's SME, Agriculture Sectors, news, StarAfrica.com

IFC Capitalization Fund and Africa Capitalization Fund invest in NBS Bank to Support Malawi's SME, Agriculture Sectors, news, StarAfrica.com: "
LILONGWE, Malawi, August 9, 2011/African Press Organization (APO)/ -- IFC Capitalization Fund and...

LILONGWE, Malawi, August 9, 2011/African Press Organization (APO)/ -- IFC Capitalization Fund and Africa Capitalization Fund will invest up to $10 million in equity in NBS Bank, Malawi's third largest bank in terms of loans and deposits, to support its capital base and help it increase lending to small and medium enterprises, including those in the agriculture sector."

Malawi awaits decision on IMF aid programme revival | Agricultural Commodities | Reuters

Malawi awaits decision on IMF aid programme revival | Agricultural Commodities | Reuters: "Malawi awaits decision on IMF aid programme revival

LILONGWE Aug 9 (Reuters) - Malawi has yet to see whether its decision to devalue the kwacha will enable stalled loan negotiations with the International Monetary Fund (IMF) to resume, the country's central bank governor said on Tuesday.

Malawi has devalued the kwacha by about 10 percent against the U.S. dollar to 165, although the new rate is still well short of the currency's value on the black market, where it is worth around 185 to the dollar"

Malawi cbank devalues currency by 10 pct: source | African news, analysis and opinion – The Africa Report.com

Malawi cbank devalues currency by 10 pct: source | African news, analysis and opinion – The Africa Report.com: "Malawi cbank devalues currency by 10 pct: source
0 August 8, 2011, 11:40 am

JOHANNESBURG (Reuters) - Malawi's central bank has devalued its currency by about 10 percent to 165 against the U.S. dollar, a Bank source told Reuters on Monday. The Malawian kwacha has been pegged at 150 to the dollar since a devaluation from 138.5 at the end of 2009."