.Malawi’s central bank raised its benchmark interest rate 3 percentage points to 16 percent, days after devaluing its currency by a third to meet conditions set by the International Monetary Fund and unblock aid flows.
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Business and Economic News from Malawi
Wednesday, May 16, 2012
Malawi Lifts Lending Rate as Costs Rise After Devaluation
.Malawi’s central bank raised its benchmark interest rate 3 percentage points to 16 percent, days after devaluing its currency by a third to meet conditions set by the International Monetary Fund and unblock aid flows.
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Malawi hikes 2012 inflation forecast to 15 pct
Wed May 16, 2012 3:53pm GMT
LILONGWE May 16 (Reuters) - Malawi raised its 2012 inflation forecast on Wednesday to 15 percent from a previously projected 6 percent due to the effects of a sharp currency devaluation last week.
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Tuesday, May 15, 2012
Gold deposits found in Malawi
Lilongwe – Preliminary investigations of gold deposits in central Malawi have identified three targets that contain anomalous values of the precious metal. The exploration undertaken by South East Africa Mining Exploration (SEAMEX) carried out the study involving systematic stream sediments sampling and geological observation in the central tobacco growing district of Kasungu where they found five water courses and identified the three targets south of Dwangwa River to carry gold values.
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EMonday, May 7, 2012
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