Mkango Resources' Dawes upbeat on the potential of its Malawi rare earths project: "Mkango Resources' Dawes upbeat on the potential of its Malawi rare earths project
Tuesday, December 10, 2013
Will Dawes, chief executive of Mkango Resources (CVE:MKA), discusses positive leach test work associated with their flagship rare earth elements project in Malawi. Mkango's preliminary feasibility study is due early next year and will give further insight into the economics of Songwe Hill project"
'via Blog this'
Business and Economic News from Malawi
Tuesday, December 10, 2013
Mkango Resources' Dawes upbeat on the potential of its Malawi rare earths project
Mkango Resources' Dawes upbeat on the potential of its Malawi rare earths project: "Mkango Resources
Full Mkango Resources profile here
Mkango Resources Ltd. (TSX-V: MKA) is a mineral exploration and development company focused on rare earth elements and associated minerals in the Republic of Malawi. It holds a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi"
'via Blog this'
Full Mkango Resources profile here
Mkango Resources Ltd. (TSX-V: MKA) is a mineral exploration and development company focused on rare earth elements and associated minerals in the Republic of Malawi. It holds a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi"
'via Blog this'
Friday, November 29, 2013
Globe Metals and Mining pulls out of Mozambique | BNL Times
Globe Metals and Mining pulls out of Mozambique | BNL Times: "Globe Metals and Mining pulls out of Mozambique
NOVEMBER 29, 2013 CAROLINE KANDIERO NO COMMENTS
Globe Metals and Mining, explorers of niobium at Kanyika in Malawi, is pulling out from an agreement for the acquisition of Muambe Mountain in Mozambique where it planned to explore rare earth"
'via Blog this'
NOVEMBER 29, 2013 CAROLINE KANDIERO NO COMMENTS
Globe Metals and Mining, explorers of niobium at Kanyika in Malawi, is pulling out from an agreement for the acquisition of Muambe Mountain in Mozambique where it planned to explore rare earth"
'via Blog this'
Malawi govt tea auction market becomes regional project | BNL Times
Malawi govt tea auction market becomes regional project | BNL Times: "Malawi govt tea auction market becomes regional project
NOVEMBER 29, 2013 CAROLINE KANDIERO NO COMMENTS
The Malawi government says it has entered into talks with regional neighbours to make its planned tea auction market an international market for various countries in the region.
Speaking on the sidelines of the 2014 charity tea auction in Blantyre on Monday, Minister of Industry and Trade Sosten Gwengwe said the plan is now to develop the Limbe Tea Action into a multi-country tea market that will act as a hub for the region."
'via Blog this'
NOVEMBER 29, 2013 CAROLINE KANDIERO NO COMMENTS
The Malawi government says it has entered into talks with regional neighbours to make its planned tea auction market an international market for various countries in the region.
Speaking on the sidelines of the 2014 charity tea auction in Blantyre on Monday, Minister of Industry and Trade Sosten Gwengwe said the plan is now to develop the Limbe Tea Action into a multi-country tea market that will act as a hub for the region."
'via Blog this'
Sunday, November 24, 2013
Tony Blair faces questions over Malawi scandal - Telegraph
Tony Blair faces questions over Malawi scandal - Telegraph: "Tony Blair faces questions over Malawi scandal
The British Government has frozen foreign aid to Malawi in a corruption scandal that the country's president is battling to overcome
Malawi's President Joyce Banda presents a gift to Former British Prime Minister Tony Blair at the Sanjika Palace in Blantyre in 2012 Photo: AFP
By Robert Mendick, and Aislinn Laing in Johannesburg7:30AM GMT 24 Nov 2013
Tony Blair is facing questions over his role as adviser to the president of Malawi after the British government froze aid to the country amid a growing corruption scandal.
An official working in Malawi’s finance ministry was shot in the face and seriously wounded amid claims by his family he was about to expose widespread state corruption."
'via Blog this'
The British Government has frozen foreign aid to Malawi in a corruption scandal that the country's president is battling to overcome
Malawi's President Joyce Banda presents a gift to Former British Prime Minister Tony Blair at the Sanjika Palace in Blantyre in 2012 Photo: AFP
By Robert Mendick, and Aislinn Laing in Johannesburg7:30AM GMT 24 Nov 2013
Tony Blair is facing questions over his role as adviser to the president of Malawi after the British government froze aid to the country amid a growing corruption scandal.
An official working in Malawi’s finance ministry was shot in the face and seriously wounded amid claims by his family he was about to expose widespread state corruption."
'via Blog this'
Friday, November 22, 2013
IMF Hails Malawi Government On Cost Cut Measures Put in Place - HispanicBusiness.com
IMF Hails Malawi Government On Cost Cut Measures Put in Place - HispanicBusiness.com: "IMF Hails Malawi Government On Cost Cut Measures Put in Place
November 21, 2013
Mary Makhiringa
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The International Monitory Fund (IMF) mission to Malawi on Wednesday hailed the Malawi Government for the 'Cost Cut Measures' that the Government has put in place to reduce its expenditure."
'via Blog this'
November 21, 2013
Mary Makhiringa
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The International Monitory Fund (IMF) mission to Malawi on Wednesday hailed the Malawi Government for the 'Cost Cut Measures' that the Government has put in place to reduce its expenditure."
'via Blog this'
Thursday, November 21, 2013
allAfrica.com: Malawi: Kamuzu Barrage to Undergo Rehabilitation
allAfrica.com: Malawi: Kamuzu Barrage to Undergo Rehabilitation: "Malawi: Kamuzu Barrage to Undergo
Blantyre — The Kamuzu Barrage in Liwonde, Machinga has been earmarked to undergo a US$39.6 million upgrading process under the Shire River Basin Management (SRBMP) Program from early next year which will see the facility playing a greater role in flood and water management in the Shire river basin."
'via Blog this'
Blantyre — The Kamuzu Barrage in Liwonde, Machinga has been earmarked to undergo a US$39.6 million upgrading process under the Shire River Basin Management (SRBMP) Program from early next year which will see the facility playing a greater role in flood and water management in the Shire river basin."
'via Blog this'
Reserve Bank of Malawi : Monetary Policy Statement (Click to download)
Reserve Bank of Malawi : Monetary Policy Statement (Click to download): "Reserve Bank of Malawi : Monetary Policy Statement (Click to download)
11/19/2013 | 08:36am US/EasternRecommend:
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RESERVE BANK OF MALAWI Monetary Policy Statement No. 1 Preamble
The Monetary Policy Statement is issued to inform the general public about the monetary policy objectives, instruments and framework for the conduct of monetary policy. The statement will in future be issued a month after Parliament's approval of the national budget. The timing of this statement has been prompted by the expected delays in aid inflows and a growing need to improve communications to the general public.
Statement"
'via Blog this'
11/19/2013 | 08:36am US/EasternRecommend:
0
RESERVE BANK OF MALAWI Monetary Policy Statement No. 1 Preamble
The Monetary Policy Statement is issued to inform the general public about the monetary policy objectives, instruments and framework for the conduct of monetary policy. The statement will in future be issued a month after Parliament's approval of the national budget. The timing of this statement has been prompted by the expected delays in aid inflows and a growing need to improve communications to the general public.
Statement"
'via Blog this'
Wednesday, November 20, 2013
EIB to give Mw €30 million towards agriculture
EIB to give Mw €30 million towards agriculture: "
Picking up tobacco, Malawi's main export cropImage source: goafrica.about.com
The European Investment Bank, Europe’s long-term lending institution, is expected to provide EUR 30 million (about 17.1 billion kwacha) for agriculture investment initiatives in Malawi"
'via Blog this'
Picking up tobacco, Malawi's main export cropImage source: goafrica.about.com
The European Investment Bank, Europe’s long-term lending institution, is expected to provide EUR 30 million (about 17.1 billion kwacha) for agriculture investment initiatives in Malawi"
'via Blog this'
Malawi & Kuwait Fund Sign Road Construction Agreement
Malawi & Kuwait Fund Sign Road Construction Agreement: "Malawi & Kuwait Fund Sign Road Construction Agreement
Malawi and the Kuwait Fund for Arab Development on Tuesday signed a financing agreement in form of concessional loan for the construction of the much-awaited Lirangwe-Chingale-Machinga road.
The signing ceremony took place on the sidelines of the 3rd Africa-Arab Summit, which opened on Tuesday in Kuwait witnessed by President Joyce Banda signed by Malawi’s Deputy Minister of Finance, Dr. Cornelius Mwalwanda and the Kuwait Fund for Arab Development, Director General, Abdulwahab Al-Bader."
'via Blog this'
Malawi and the Kuwait Fund for Arab Development on Tuesday signed a financing agreement in form of concessional loan for the construction of the much-awaited Lirangwe-Chingale-Machinga road.
The signing ceremony took place on the sidelines of the 3rd Africa-Arab Summit, which opened on Tuesday in Kuwait witnessed by President Joyce Banda signed by Malawi’s Deputy Minister of Finance, Dr. Cornelius Mwalwanda and the Kuwait Fund for Arab Development, Director General, Abdulwahab Al-Bader."
'via Blog this'
Press Release: Statement at the Conclusion of an IMF Mission to Malawi
Press Release: Statement at the Conclusion of an IMF Mission to Malawi: "Statement at the Conclusion of an IMF Mission to Malawi
Press Release No. 13/458
November 20, 2013
A team from the International Monetary Fund (IMF), led by Mr. Tsidi Tsikata, visited Lilongwe from November 5 to 20, 2013, to conduct discussions for the third and fourth reviews under Malawi’s Extended Credit Facility (ECF) arrangement.1 The mission met Her Excellency President Joyce Banda, Minister of Finance Maxwell Mkwezalamba, Governor Charles Chuka (Reserve Bank of Malawi), Chief Secretary Hawa Ndilowe (Office of the President and Cabinet), Secretary to the Treasury Newby Kumwembe, Attorney General Anthony Kamanga, other senior government and RBM officials, as well as development partners, and representatives of civil society and the private sector. The mission expresses its gratitude for the constructive spirit in which discussions with the authorities and all stakeholders were held."
'via Blog this'
Press Release No. 13/458
November 20, 2013
A team from the International Monetary Fund (IMF), led by Mr. Tsidi Tsikata, visited Lilongwe from November 5 to 20, 2013, to conduct discussions for the third and fourth reviews under Malawi’s Extended Credit Facility (ECF) arrangement.1 The mission met Her Excellency President Joyce Banda, Minister of Finance Maxwell Mkwezalamba, Governor Charles Chuka (Reserve Bank of Malawi), Chief Secretary Hawa Ndilowe (Office of the President and Cabinet), Secretary to the Treasury Newby Kumwembe, Attorney General Anthony Kamanga, other senior government and RBM officials, as well as development partners, and representatives of civil society and the private sector. The mission expresses its gratitude for the constructive spirit in which discussions with the authorities and all stakeholders were held."
'via Blog this'
allAfrica.com: Zambia: Govt Awards Condril, Monta Great East Road Contract
allAfrica.com: Zambia: Govt Awards Condril, Monta Great East Road Contract: "
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Zambia: Govt Awards Condril, Monta Great East Road Contract
GOVERNMENT , through the Road Development Agency (RDA), has awarded Condril Engenharia SA and Monta Engil Engenharia E Construcao of Portugal a 168.70 million euro contract for rehabilitation of a 357-kilometre stretch on the Great East Road."
'via Blog this'
Tagged:
BusinessConstructionGovernanceInfrastructureSouthern AfricaZambia
EMAIL PRINT SHARE
Zambia: Govt Awards Condril, Monta Great East Road Contract
GOVERNMENT , through the Road Development Agency (RDA), has awarded Condril Engenharia SA and Monta Engil Engenharia E Construcao of Portugal a 168.70 million euro contract for rehabilitation of a 357-kilometre stretch on the Great East Road."
'via Blog this'
The Maravi Post - EU withdraws aid to Malawi’s transport sector | Malawi News
The Maravi Post - EU withdraws aid to Malawi’s transport sector | Malawi News: "EU WITHDRAWS AID TO MALAWI’S TRANSPORT SECTOR
Created on Wednesday, 20 November 2013 13:27 Written by YAMIKANI SIMUTOWE
BLANTYRE (MaraPost)—European Union (EU) has suspended aid to Malawi’s transport sector due to misuse of funding"
'via Blog this'
Created on Wednesday, 20 November 2013 13:27 Written by YAMIKANI SIMUTOWE
BLANTYRE (MaraPost)—European Union (EU) has suspended aid to Malawi’s transport sector due to misuse of funding"
'via Blog this'
Monday, November 18, 2013
Tenders floated for Mtwara-Mbamba Bay railway in Tanzania
Tenders floated for Mtwara-Mbamba Bay railway in Tanzania: "Tenders floated for Mtwara-Mbamba Bay railway in Tanzania
Print Email
Thursday, 19 September 2013 16:27
The railway will be 438km long. (Image source: RAHCO)Tanzania's government has announced the tenders for the construction of the new Mtwara to Mbamba Bay railway
According to the Tanzania Daily News, the managing director of the Tanzania Railway Asset Holding Company (RAHCO), Bernhard Tito, said that the company had shortlisted 10 consultancy firms out of the 22 that applied for feasibility studies.
Tito added that the company had floated tenders for potential investors to inv"
'via Blog this'
Print Email
Thursday, 19 September 2013 16:27
The railway will be 438km long. (Image source: RAHCO)Tanzania's government has announced the tenders for the construction of the new Mtwara to Mbamba Bay railway
According to the Tanzania Daily News, the managing director of the Tanzania Railway Asset Holding Company (RAHCO), Bernhard Tito, said that the company had shortlisted 10 consultancy firms out of the 22 that applied for feasibility studies.
Tito added that the company had floated tenders for potential investors to inv"
'via Blog this'
Saturday, November 2, 2013
allAfrica.com: Malawi: Government to Explore Mineral Deposits (Page 1 of 2)
Chitipa — Malawi government says it will soon launch an intensive geological survey in Chitipa and Karonga districts to establish a comprehensive information on mineral deposits people of the two district are sleeping on"
allAfrica.com: Malawi: Government to Explore Mineral Deposits (Page 1 of 2):
'via Blog this'
allAfrica.com: Malawi: Government to Explore Mineral Deposits (Page 1 of 2):
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Monday, October 14, 2013
New water vessel due next year
New water vessel due next year: "Re-assembling works of a new water passenger vessel by Malawi Shipping Company are expected to be finished next year.
The vessel is expected to contain the current transportation challenges faced by people living along Lake Malawi.
People have been using Illala as the only reliable passenger ship on the Lake.
However the vessel has been experiencing frequent break downs which greatly affect people living along the lake including those at Likoma and Chizumulu Islands. "
'via Blog this'
The vessel is expected to contain the current transportation challenges faced by people living along Lake Malawi.
People have been using Illala as the only reliable passenger ship on the Lake.
However the vessel has been experiencing frequent break downs which greatly affect people living along the lake including those at Likoma and Chizumulu Islands. "
'via Blog this'
Sunday, October 13, 2013
Uranium's sickly price problem | Business Spectator
Uranium's sickly price problem | Business Spectator: "Uranium's sickly price problem
Jim Green11 Oct, 9:18 AM2
ClimateEnergy markets
The spot uranium price fell to $US34.50/lb U3O8 in late July, a price not seen since December 2005 during the upswing of a spectacular price bubble which peaked in June 2007 at $US138. The 12 per cent price slump in July was the biggest monthly loss since March 2011.
Since July, the spot price has fallen further still, to $US34, before surging to $US35 where it sits now. Recent prices are just over half the spot price of $US66.50 on March 11, 2011, the first day of the triple-disaster in northeast Japan."
'via Blog this'
Jim Green11 Oct, 9:18 AM2
ClimateEnergy markets
The spot uranium price fell to $US34.50/lb U3O8 in late July, a price not seen since December 2005 during the upswing of a spectacular price bubble which peaked in June 2007 at $US138. The 12 per cent price slump in July was the biggest monthly loss since March 2011.
Since July, the spot price has fallen further still, to $US34, before surging to $US35 where it sits now. Recent prices are just over half the spot price of $US66.50 on March 11, 2011, the first day of the triple-disaster in northeast Japan."
'via Blog this'
Steady state production drives up Paladin output
Steady state production drives up Paladin output: "Steady-state production drives up Paladin output
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By: Esmarie Swanepoel
10th October 2013
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PERTH (miningweekly.com) – Uranium miner Paladin Energy has reported a 6% increase in production during the three months ended September, with the Langer Heinrich mine, in Namibia, reporting record output."
'via Blog this'
EMAIL |
By: Esmarie Swanepoel
10th October 2013
TEXT SIZE
PERTH (miningweekly.com) – Uranium miner Paladin Energy has reported a 6% increase in production during the three months ended September, with the Langer Heinrich mine, in Namibia, reporting record output."
'via Blog this'
Sanlam Limited : SEM to acquire a stake in Nico Holdings' general insurance operations in Malawi, Tanzania, Uganda and Zambia | 4-Traders
Sanlam Limited : SEM to acquire a stake in Nico Holdings' general insurance operations in Malawi, Tanzania, Uganda and Zambia | 4-Traders: "
Sanlam Limited : SEM to acquire a stake in Nico Holdings' general insurance operations in Malawi, Tanzania, Uganda and Zambia
10/11/2013 | 06:41pm US/EasternRecommend:
0
Sanlam Emerging Markets in discussions with NICO Holdings Limited for he acquisition of a stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia.
Sanlam Emerging Markets (SEM), the cluster within the Sanlam Group tasked with expansion into international emerging markets, has announced that it is currently finalising agreements to acquire 49% of NICO Holdings Limited's stake in the NICO group's general insurance operations in Malawi, Zambia, Uganda and Tanzania."
'via Blog this'
Sanlam Limited : SEM to acquire a stake in Nico Holdings' general insurance operations in Malawi, Tanzania, Uganda and Zambia
10/11/2013 | 06:41pm US/EasternRecommend:
0
Sanlam Emerging Markets in discussions with NICO Holdings Limited for he acquisition of a stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia.
Sanlam Emerging Markets (SEM), the cluster within the Sanlam Group tasked with expansion into international emerging markets, has announced that it is currently finalising agreements to acquire 49% of NICO Holdings Limited's stake in the NICO group's general insurance operations in Malawi, Zambia, Uganda and Tanzania."
'via Blog this'
Norway freezes all budget support to Malawi - The Nordic Page - Panorama
Norway freezes all budget support to Malawi - The Nordic Page - Panorama: "Norway freezes all budget support to Malawi
The Norwegian Ministry of Foreign Affairs freezes funds to Malawi as a result of corruption suspicion.
Photo : IMs BILDARKIV
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Religion Requirement Will not Determine the Cabinet in Norway
Discover the Wonders of the Norwegian Coast with Atlanterhavsparken
PAINT IT BLACK - WHY WE LOVE THE COLOR BLACK
Government Increases Subsidies to Reduce Poverty
Norwegian Prime Minister congratulates the OPCW on the Nobel Peace Prize
There are clear signs that substantial funds have been embezzled from the Malawian Ministry of Finance. The President has asked the World Bank and the UK for assistance in investigating what seems to be a serious case of corruption. The Norwegian Ministry of Foreign Affairs decided on 10 October to freeze all further budget support to Malawi until there is independent confirmation that weaknesses in Malawi’s financial management system have been rectified, stated in a press release from the ministry."
'via Blog this'
The Norwegian Ministry of Foreign Affairs freezes funds to Malawi as a result of corruption suspicion.
Photo : IMs BILDARKIV
Keep Updated with the Latest News and Feeds, Follow Us on Facebook
Latest News
Religion Requirement Will not Determine the Cabinet in Norway
Discover the Wonders of the Norwegian Coast with Atlanterhavsparken
PAINT IT BLACK - WHY WE LOVE THE COLOR BLACK
Government Increases Subsidies to Reduce Poverty
Norwegian Prime Minister congratulates the OPCW on the Nobel Peace Prize
There are clear signs that substantial funds have been embezzled from the Malawian Ministry of Finance. The President has asked the World Bank and the UK for assistance in investigating what seems to be a serious case of corruption. The Norwegian Ministry of Foreign Affairs decided on 10 October to freeze all further budget support to Malawi until there is independent confirmation that weaknesses in Malawi’s financial management system have been rectified, stated in a press release from the ministry."
'via Blog this'
Tuesday, October 8, 2013
allAfrica.com: Tanzania: Mtwara-Mbamba Bay Rail Tenders Floated
allAfrica.com: Tanzania: Mtwara-Mbamba Bay Rail Tenders Floated: "Tanzania: Mtwara-Mbamba Bay Rail Tenders Floated
BY GLADNESS GEOFREY, 19 SEPTEMBER 2013
RELATED TOPICS
T
THE government has announced tenders to engage consultants for the construction of the new Mtwara - Mbamba Bay railway.
The railway is planned to out-branch to Liganga and Mchuchuma mines via Songea. The Managing Director of the Tanzania Railway Asset Holding Company (RAHCO), Eng. Bernhard Tito, said the company had shortlisted 10 consultancy firms out of 22 that applied for feasibility studies."
BY GLADNESS GEOFREY, 19 SEPTEMBER 2013
RELATED TOPICS
T
THE government has announced tenders to engage consultants for the construction of the new Mtwara - Mbamba Bay railway.
The railway is planned to out-branch to Liganga and Mchuchuma mines via Songea. The Managing Director of the Tanzania Railway Asset Holding Company (RAHCO), Eng. Bernhard Tito, said the company had shortlisted 10 consultancy firms out of 22 that applied for feasibility studies."
Wednesday, October 2, 2013
Monday, September 16, 2013
FDI creates 55,000 jobs in Malawi…but with meagre salaries | BNL Times
FDI creates 55,000 jobs in Malawi…but with meagre salaries | BNL Times: "FDI creates 55,000 jobs in Malawi…but with meagre salaries
SEPTEMBER 16, 2013 RICHARD CHIROMBO NO COMMENTS
Foreign direct investment (FDI) helped Malawi create over 55, 000 jobs between 2009 and 2011 in various sectors of the economy, the Malawi Foreign Private Capital and Investors’ Survey report for 2011 shows.
However, the report has bemoaned a huge disparity between remunerations of local and expatriate employees in foreign investment companies."
'via Blog this'
SEPTEMBER 16, 2013 RICHARD CHIROMBO NO COMMENTS
Foreign direct investment (FDI) helped Malawi create over 55, 000 jobs between 2009 and 2011 in various sectors of the economy, the Malawi Foreign Private Capital and Investors’ Survey report for 2011 shows.
However, the report has bemoaned a huge disparity between remunerations of local and expatriate employees in foreign investment companies."
'via Blog this'
Tuesday, September 10, 2013
Malawi subsidy to benefit 1.5 million agric families - Africa - News - StarAfrica.com
Malawi subsidy to benefit 1.5 million agric families - Africa - News - StarAfrica.com: "Malawi subsidy to benefit 1.5 million agric families
Posted by: Apa Posted date : September 9, 2013 at 10:18 pm 20 views In: Africa
Copyright : APA
The 2013 Malawi Farm Input Subsidy Program (FISP) would benefit almost 1.5 million underprivileged families across the country.
The principal secretary at the ministry of agriculture Jeffrey Luhanga told jornalists in the capital Lilongwe on Monday that the exercise starts on 10 September 2013."
'via Blog this'
Posted by: Apa Posted date : September 9, 2013 at 10:18 pm 20 views In: Africa
Copyright : APA
The 2013 Malawi Farm Input Subsidy Program (FISP) would benefit almost 1.5 million underprivileged families across the country.
The principal secretary at the ministry of agriculture Jeffrey Luhanga told jornalists in the capital Lilongwe on Monday that the exercise starts on 10 September 2013."
'via Blog this'
Mozambique orders 30 ships from France - Africa - News - StarAfrica.com
Mozambique orders 30 ships from France - Africa - News - StarAfrica.com: "Mozambique orders 30 ships from France
Posted by: Apa Posted date : September 10, 2013 at 8:31 am 2 views In: Africa
Copyright : APA
The Mozambican government has ordered the building of 30 ships by Constructions Mécaniques de Normandie of Cherbourg in France in a deal worth €300 million, the local media reported on Tuesday.Quoting a Lebanese businessman Iskandar Safa, who owns the shipyard, reports said the order includes building 24 trawls, three 32-metre patrol ships and another three 42-metre ships."
'via Blog this'
Posted by: Apa Posted date : September 10, 2013 at 8:31 am 2 views In: Africa
Copyright : APA
The Mozambican government has ordered the building of 30 ships by Constructions Mécaniques de Normandie of Cherbourg in France in a deal worth €300 million, the local media reported on Tuesday.Quoting a Lebanese businessman Iskandar Safa, who owns the shipyard, reports said the order includes building 24 trawls, three 32-metre patrol ships and another three 42-metre ships."
'via Blog this'
Friday, September 6, 2013
Intra Energy Corporation ups the ante in Malawi with "Registered Investor" status - Proactiveinvestors (AU)
Intra Energy Corporation ups the ante in Malawi with "Registered Investor" status - Proactiveinvestors (AU): "Intra Energy Corporation ups the ante in Malawi with "Registered Investor" status
Friday, September 06, 2013 by Proactive Investors
Intra Energy is currently behind not less than three power station developments – Ngaka in Tanzania, Pamodzi in Malawi and Mbeya in west Tanzania.
Intra Energy Corporation (ASX:IEC), which is the only producing thermal coal miner in Eastern Africa with mines in Tanzania and Malawi to our knowledge, has been granted "Registered Investor" status in the Malawi energy sector"
'via Blog this'
Friday, September 06, 2013 by Proactive Investors
Intra Energy is currently behind not less than three power station developments – Ngaka in Tanzania, Pamodzi in Malawi and Mbeya in west Tanzania.
Intra Energy Corporation (ASX:IEC), which is the only producing thermal coal miner in Eastern Africa with mines in Tanzania and Malawi to our knowledge, has been granted "Registered Investor" status in the Malawi energy sector"
'via Blog this'
Wednesday, September 4, 2013
Paladin Energy production increases by 20%
Paladin Energy production increases by 20%: "Paladin Energy production increases by 20%
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By: Leandi Kolver
29th August 2013
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JOHANNESBURG (miningweekly.com) – Uranium miner Paladin Energy on Thursday reported a 20% increase in production to 8.255-million pounds for the year ended June, while the company’s total sales volume increased 23% year-on-year to 8.253-million pounds."
'via Blog this'
EMAIL |
By: Leandi Kolver
29th August 2013
TEXT SIZE
JOHANNESBURG (miningweekly.com) – Uranium miner Paladin Energy on Thursday reported a 20% increase in production to 8.255-million pounds for the year ended June, while the company’s total sales volume increased 23% year-on-year to 8.253-million pounds."
'via Blog this'
Saturday, August 31, 2013
Malawi switch to go live in December | BiztechAfrica Business, Telecom, Technology & IT News Africa
Malawi switch to go live in December | BiztechAfrica Business, Telecom, Technology & IT News Africa: "Malawi switch to go live in December
Malawi is in the process of creating a National Switch, expected to provide a switching platform for internet banking, remittances, and mobile money transactions, which will go live by December this year thereby becoming a key enabler for e-wallet and bank account interactions.
William Kaunda, Chairperson of the National Switch Steering Committee, said the National Switch Project has been instituted to set up shared switch facilities in Malawi."
'via Blog this'
Malawi is in the process of creating a National Switch, expected to provide a switching platform for internet banking, remittances, and mobile money transactions, which will go live by December this year thereby becoming a key enabler for e-wallet and bank account interactions.
William Kaunda, Chairperson of the National Switch Steering Committee, said the National Switch Project has been instituted to set up shared switch facilities in Malawi."
'via Blog this'
Friday, August 30, 2013
www.miningreview.com | Mozambique coal exports through Nacala begin in December
www.miningreview.com | Mozambique coal exports through Nacala begin in December: "Mozambique coal exports through Nacala begin in December
Maputo, Mozambique --- 05 August 2013 - The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is currently under construction, will take place in December, according to a projection from concession holding companies in the Nacala Corridor."
'via Blog this'
Maputo, Mozambique --- 05 August 2013 - The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is currently under construction, will take place in December, according to a projection from concession holding companies in the Nacala Corridor."
'via Blog this'
Saturday, August 17, 2013
www.miningreview.com | Nacala Rail Corridor in Mozambique to continue purchasing rolling stock
www.miningreview.com | Nacala Rail Corridor in Mozambique to continue purchasing rolling stock: "Nacala Rail Corridor in Mozambique to continue purchasing rolling stock
Maputo, Mozambique --- 06 August 2013
The Nacala Rail Corridor in Mozambique is planning to spend a further US$20 million on rolling stock ‒ a total of eight locomotives and 16 carriages ‒ to improve passenger and goods transport on the Nacala line."
'via Blog this'
Maputo, Mozambique --- 06 August 2013
The Nacala Rail Corridor in Mozambique is planning to spend a further US$20 million on rolling stock ‒ a total of eight locomotives and 16 carriages ‒ to improve passenger and goods transport on the Nacala line."
'via Blog this'
Coal exports via Mozambican port of Nacala due to begin in December 2014 | Macauhub English
Coal exports via Mozambican port of Nacala due to begin in December 2014 | Macauhub English: "Coal exports via Mozambican port of Nacala due to begin in December 2014
AUGUST 5TH, 2013 NEWS
The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is under construction, will take place in December of next year, according to a projection from concession holding companies in the Nacala Corridor."
'via Blog this'
AUGUST 5TH, 2013 NEWS
The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is under construction, will take place in December of next year, according to a projection from concession holding companies in the Nacala Corridor."
'via Blog this'
Malawi hires international experts as it negotiates niobium mine deal
The Malawi government has hired international legal experts to assist it in negotiating a ‘win-win deal’ with Australian company Globe Metals & Mining, which has applied for a licence to mine niobium at Kanyika, in the north of the country.
Malawi hires international experts as it negotiates niobium mine deal:
'via Blog this'
Malawi hires international experts as it negotiates niobium mine deal:
'via Blog this'
Saturday, June 29, 2013
Malawi’s foreign exchange reserves up to 2.5 months | Malawi Nyasa Times - Malawi breaking news in Malawi
Malawi’s foreign exchange reserves up to 2.5 months "
Records from the Reserve Bank of Malawi indicate that the country’s import cover has this week increased from 65 days to 72 days.
This comes barely days after tobacco registered total earnings of $233.8 million from 113 million kgs sold so far.
Malawi needs a monthly import cover of $188.1 million and the central bank says gross official reserves increased to $452 million from $404 millio"
'via Blog this'
Records from the Reserve Bank of Malawi indicate that the country’s import cover has this week increased from 65 days to 72 days.
This comes barely days after tobacco registered total earnings of $233.8 million from 113 million kgs sold so far.
Malawi needs a monthly import cover of $188.1 million and the central bank says gross official reserves increased to $452 million from $404 millio"
'via Blog this'
Monday, June 24, 2013
Cotton price jumps 195% above minimum |The Nation Online
Cotton price jumps 195% above minimum |The Nation Online: "Cotton price jumps 195% above minimum
Cotton farmers continue to smile all the way to the bank as the buying price for the commodity in all the markets except Karonga, has jumped more than 195 percent above the government set minimum price.
Government through the Ministry of Agriculture and Food Security set the minimum farm-gate price for cotton, one of the country’s strategic crops, at K78 per kilogramme (kg) for grade A, K3 up from last year, while grade B was put at K63 per kg, which is K7 lower than last year’s K70 per kg."
'via Blog this'
Cotton farmers continue to smile all the way to the bank as the buying price for the commodity in all the markets except Karonga, has jumped more than 195 percent above the government set minimum price.
Government through the Ministry of Agriculture and Food Security set the minimum farm-gate price for cotton, one of the country’s strategic crops, at K78 per kilogramme (kg) for grade A, K3 up from last year, while grade B was put at K63 per kg, which is K7 lower than last year’s K70 per kg."
'via Blog this'
Malawi inflation slows down further to 31 %
Malawi inflation slows down further to 31 % |The Nation Online: "Malawi inflation slows down further to 31
Chuka: Rate of inflation will continue plummeting
Malawi’s year-on-year headline inflation rate for the month of May 2013 has further decelerated to 31.0 percent from a rate of 35.8 in April, anchored by the availability of cereals on the market and the downward adjustment in the price of fuel, the National Statistical Office (NSO) has said."
'via Blog this'
Chuka: Rate of inflation will continue plummeting
Malawi’s year-on-year headline inflation rate for the month of May 2013 has further decelerated to 31.0 percent from a rate of 35.8 in April, anchored by the availability of cereals on the market and the downward adjustment in the price of fuel, the National Statistical Office (NSO) has said."
'via Blog this'
Firm to set up textile plant |The Nation Online
Firm to set up textile plant |The Nation Online: "Firm to set up textile plant
The Malawi Cotton Company Limited (MCCL), a Balaka-based Chinese-owned cotton ginner, has unveiled plans to open a multi-million kwacha textile mill to add value to the country’s cotton, a development that will fill the gap in the textile industry.
The company’s agriculture manager Trueman Kachale said on Friday the textile plant will create more job opportunities for Malawians and also help to diversify export products to boost the country’s foreign exchange generation avenue"
'via Blog this'
The Malawi Cotton Company Limited (MCCL), a Balaka-based Chinese-owned cotton ginner, has unveiled plans to open a multi-million kwacha textile mill to add value to the country’s cotton, a development that will fill the gap in the textile industry.
The company’s agriculture manager Trueman Kachale said on Friday the textile plant will create more job opportunities for Malawians and also help to diversify export products to boost the country’s foreign exchange generation avenue"
'via Blog this'
Saturday, June 22, 2013
World Bank urges Malawi to ‘stay the course’ on economic reforms | Malawi News
The Maravi Post - World Bank urges Malawi to ‘stay the course’ on economic reforms | Malawi News: "WORLD BANK URGES MALAWI TO ‘STAY THE COURSE’ ON ECONOMIC REFORMS
Created on Thursday, 20 June 2013 19:34 Written by MARAPOST CHIEF CORRESPONDENT
Pres. Banda
BLANTYRE (MaraPost) -- The World Bank, one of the major sponsors of Malawi’s tough economic reforms, has urged the poor southern African nation to “stay the course” on its economic reforms."
'via Blog this'
Created on Thursday, 20 June 2013 19:34 Written by MARAPOST CHIEF CORRESPONDENT
Pres. Banda
BLANTYRE (MaraPost) -- The World Bank, one of the major sponsors of Malawi’s tough economic reforms, has urged the poor southern African nation to “stay the course” on its economic reforms."
'via Blog this'
Malawi MPs approves K630.5bn national budget for 2013/14
Malawi MPs approves K630.5bn national budget for 2013/14 | Malawi Nyasa Times - Malawi breaking news in Malawi: "
National
Malawi MPs approves K630.5bn national budget for 2013/14
By Nyasa Times Reporter
June 21, 2013 · 4 Comments
Email This Post
Malawi Parliament on Friday unanimously approved the National Budget to enable the government fund its operations in the financial year of 2013/14.
The lawmakers nodded to the financial plan after passing the remaining three votes as part of the K630.5 billion allocated to"
'via Blog this'
National
Malawi MPs approves K630.5bn national budget for 2013/14
By Nyasa Times Reporter
June 21, 2013 · 4 Comments
Email This Post
Malawi Parliament on Friday unanimously approved the National Budget to enable the government fund its operations in the financial year of 2013/14.
The lawmakers nodded to the financial plan after passing the remaining three votes as part of the K630.5 billion allocated to"
'via Blog this'
JPAGETITLE
JPAGETITLE: "Malawi trade peformance worsens in 10 yrs
Balance of Payment
Malawi’s trade performance with the rest of the world has worsened over the last decade, with a growing trade deficit averaging minus 14 percent of the country’s wealth between 2003 and 2011, the African Development Bank (AfDB) has bemoane"
'via Blog this'
Balance of Payment
Malawi’s trade performance with the rest of the world has worsened over the last decade, with a growing trade deficit averaging minus 14 percent of the country’s wealth between 2003 and 2011, the African Development Bank (AfDB) has bemoane"
'via Blog this'
FedEx lands in Malawi | BiztechAfrica Business, Telecom, Technology & IT News Africa
FedEx lands in Malawi | BiztechAfrica Business, Telecom, Technology & IT News Africa: "FedEx lands in Malawi
BUSINESS
By BiztechAfrica - June 21, 2013, 4:11 p.m.
Image: By BiztechAfrica
By Gregory Gondwe, Blantyre, Malawi
FedEx Corp, a firm that provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services yesterday announced that it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current service provider Supaswift (Pty) Ltd. in Malawi.
"
'via Blog this'
BUSINESS
By BiztechAfrica - June 21, 2013, 4:11 p.m.
Image: By BiztechAfrica
By Gregory Gondwe, Blantyre, Malawi
FedEx Corp, a firm that provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services yesterday announced that it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current service provider Supaswift (Pty) Ltd. in Malawi.
"
'via Blog this'
Friday, June 21, 2013
JPAGETITLE
JPAGETITLE: "Tobacco earnings set to beat $300 million target
Munthali (L): Market moving very fast
The Tobacco Control Commission (TCC) has forecast that chances are high that the country will surpass its target on foreign exchange earnings from tobacco in 2013."
'via Blog this'
Munthali (L): Market moving very fast
The Tobacco Control Commission (TCC) has forecast that chances are high that the country will surpass its target on foreign exchange earnings from tobacco in 2013."
'via Blog this'
Thursday, June 20, 2013
2013 Mw Tobacco Sales Best in 5yrs
2013 Mw Tobacco Sales Best in 5yrs: "2013 Mw Tobacco Sales Best in 5yrs
PDF | Print |
Written by Daniel Mababa
Tuesday, 18 June 2013 06:16
Malawi's major forex earner: Tobacco
Tobacco-Malawi’s major forex earner has generated 208 million dollars about 70 billion kwacha in 14 weeks since the opening of this year’s season."
'via Blog this'
PDF | Print |
Written by Daniel Mababa
Tuesday, 18 June 2013 06:16
Malawi's major forex earner: Tobacco
Tobacco-Malawi’s major forex earner has generated 208 million dollars about 70 billion kwacha in 14 weeks since the opening of this year’s season."
'via Blog this'
Wednesday, June 19, 2013
Malawi's Economy Is Recovering - World Bank
allAfrica.com: Malawi's Economy Is Recovering - World Bank (Page 1 of 2): "Malawi's Economy Is Recovering - World Bank
Lilongwe — The World Bank says Malawi's economy is recovering with official figures' estimates showing an expected growth of 5.7 percent in agriculture and more than 6 percent growth in manufacturing.
The Bank disclosed this on Tuesday evening when its highly powered delegation of more than 10 officials had audience with President Dr. Joyce Banda at Kamuzu Palace in Lilongwe to present the Bank's overall assessment of the country's economy over the past 12 months. Leader of the delegation, Kundhavi Kadiresan, who is World Bank Country Director for Malawi, Zambia and Zimbabwe but based in Zambia, said the Bank had been following closely Malawi Government's efforts towards economic recovery and that it was pleasing to note that there were positive strides."
'via Blog this'
Lilongwe — The World Bank says Malawi's economy is recovering with official figures' estimates showing an expected growth of 5.7 percent in agriculture and more than 6 percent growth in manufacturing.
The Bank disclosed this on Tuesday evening when its highly powered delegation of more than 10 officials had audience with President Dr. Joyce Banda at Kamuzu Palace in Lilongwe to present the Bank's overall assessment of the country's economy over the past 12 months. Leader of the delegation, Kundhavi Kadiresan, who is World Bank Country Director for Malawi, Zambia and Zimbabwe but based in Zambia, said the Bank had been following closely Malawi Government's efforts towards economic recovery and that it was pleasing to note that there were positive strides."
'via Blog this'
Monday, June 17, 2013
JPAGETITLE
JPAGETITLE: "Economic growth forecast decreases
COM_CONTENT_CATEGORY COM_CONTENT_PUBLISHED_DATE COM_CONTENT_WRITTEN_BY
Unemployment is one of the economic indicator of slow growth
Malawi’s gross domestic product (GDP) has been slashed to 4.4 percent down from the January 5.4 percent projection, indicates the latest World Bank report."
'via Blog this'
COM_CONTENT_CATEGORY COM_CONTENT_PUBLISHED_DATE COM_CONTENT_WRITTEN_BY
Unemployment is one of the economic indicator of slow growth
Malawi’s gross domestic product (GDP) has been slashed to 4.4 percent down from the January 5.4 percent projection, indicates the latest World Bank report."
'via Blog this'
Illovo Malawi share price increasing due to billions of kwacha profit | Malawi Nyasa Times - Malawi breaking news in Malawi
Illovo Malawi share price increasing due to billions of kwacha profit | Malawi Nyasa Times - Malawi breaking news in Malawi: "
Business
Illovo Malawi share price increasing due to billions of kwacha profit
By Nyasa Times Reporter
June 17, 2013 · 2 Comments
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Illovo share price increased by K5.50 from K179.50 to K185 at the Malawi Stock Exchange (MSE) this week due to what stockbrokers say is high demand of the company’s shares by investors after the K9 billion profit it poste"
'via Blog this'
Business
Illovo Malawi share price increasing due to billions of kwacha profit
By Nyasa Times Reporter
June 17, 2013 · 2 Comments
Email This Post
Illovo share price increased by K5.50 from K179.50 to K185 at the Malawi Stock Exchange (MSE) this week due to what stockbrokers say is high demand of the company’s shares by investors after the K9 billion profit it poste"
'via Blog this'
Friday, June 14, 2013
World Bank electricity project stalls for 18 months | Face of Malawi
World Bank electricity project stalls for 18 months | Face of Malawi: "WORLD BANK ELECTRICITY PROJECT STALLS FOR 18 MONTHS
ON JUN 3, 2013 IN WORLD BANK | COMMENTS OFF
Amid perennial electricity woes plaguing the country, a K33 billion five-year World Bank project that should have helped to ease the problem has stalled for almost 18 months, The Daily Times has learnt.
The delays are attributed to failure by the implementing agencies to meet World Bank’s procurement procedures due to what the Bank says are capacity challenges in the implementing organisations."
'via Blog this'
ON JUN 3, 2013 IN WORLD BANK | COMMENTS OFF
Amid perennial electricity woes plaguing the country, a K33 billion five-year World Bank project that should have helped to ease the problem has stalled for almost 18 months, The Daily Times has learnt.
The delays are attributed to failure by the implementing agencies to meet World Bank’s procurement procedures due to what the Bank says are capacity challenges in the implementing organisations."
'via Blog this'
Bank to help accelerate Malawi’s energy-sector reform project
Malawi: "Bank to help accelerate Malawi’s energy-sector reform project
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EMAIL |
By: Marcel Chimwala
14th June 2013
TEXT SIZE
The World Bank has agreed to help fast-track the implementation of Malawi’s $84.7-million Energy Sector Support Project, which has faced delays."
'via Blog this'
EMAIL |
By: Marcel Chimwala
14th June 2013
TEXT SIZE
The World Bank has agreed to help fast-track the implementation of Malawi’s $84.7-million Energy Sector Support Project, which has faced delays."
'via Blog this'
Thursday, June 13, 2013
Exploration at Malawi rare earths project resumes after court ruling
malawi: "Exploration at Malawi rare earths project resumes after court ruling
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EMAIL |
By: Marcel Chimwala
24th May 2013
TEXT SIZE
Springstone, a joint venture between Canada’s Gold Canyon Resources and Japan Oil, Gas & Metals National Corporation (Jogmec), has resumed exploration for rare-earth elements (REE) at Mulanje Mountain, in southern Malawi, following a High Court ruling setting aside an injunction to halt the project that was obtained by members of a nearby community."
'via Blog this'
EMAIL |
By: Marcel Chimwala
24th May 2013
TEXT SIZE
Springstone, a joint venture between Canada’s Gold Canyon Resources and Japan Oil, Gas & Metals National Corporation (Jogmec), has resumed exploration for rare-earth elements (REE) at Mulanje Mountain, in southern Malawi, following a High Court ruling setting aside an injunction to halt the project that was obtained by members of a nearby community."
'via Blog this'
Cuamba-Lichinga road in Mozambique due to start being rebuilt in 2014 | Macauhub English
Cuamba-Lichinga road in Mozambique due to start being rebuilt in 2014 | Macauhub English: "Cuamba-Lichinga road in Mozambique due to start being rebuilt in 2014
MAY 29TH, 2013 NEWS
Reconstruction of the Cuamba-Lichinga road, in Mozambique is due to begin in 2014, as the necessary funds have been secured, government spokesman and deputy Justice minister, Alberto Nkutumula said Tuesday in Maputo"
'via Blog this'
MAY 29TH, 2013 NEWS
Reconstruction of the Cuamba-Lichinga road, in Mozambique is due to begin in 2014, as the necessary funds have been secured, government spokesman and deputy Justice minister, Alberto Nkutumula said Tuesday in Maputo"
'via Blog this'
Transnet Engineering ships final units of $20m CDN contract
Transnet Engineering ships final units of $20m CDN contract: "Transnet Engineering ships final units of $20m CDN contract
By: Shirley le Guern
10th June 2013
TEXT SIZE
The final seven units that make up a $20-million contract to supply rolling stock to Corredor De Desenvolvimento Do Norte (CDN) and Central East African Railways (CEAR), which operate railway concessions in Mozambique and Malawi, left Durban harbour on Saturday."
'via Blog this'
By: Shirley le Guern
10th June 2013
TEXT SIZE
The final seven units that make up a $20-million contract to supply rolling stock to Corredor De Desenvolvimento Do Norte (CDN) and Central East African Railways (CEAR), which operate railway concessions in Mozambique and Malawi, left Durban harbour on Saturday."
'via Blog this'
Wednesday, June 12, 2013
Malawi Investment Pledges Soar - MITC
Malawi Investment Pledges Soar - MITC: "Malawi Investment Pledges Soar - MITC
Malawi has received major investment pledges totaling 250 million dollars about 90 billion kwacha between July last year to April this year.
Malawi Investment and Trade Center Chief Executive officer Clement Kumbemba says most of the investor are already doing studies specifically in areas of mining, tourism, agriculture and energy."
'via Blog this'
Malawi has received major investment pledges totaling 250 million dollars about 90 billion kwacha between July last year to April this year.
Malawi Investment and Trade Center Chief Executive officer Clement Kumbemba says most of the investor are already doing studies specifically in areas of mining, tourism, agriculture and energy."
'via Blog this'
Tuesday, June 11, 2013
ILALA BACK ON THE WATER!
ILALA BACK ON THE WATER!: "
Industry: Marketing
Lake Malawi’s Ilala, fitted with brand new engines, has completed its first circuit of the Lake since its servicing. With an extra boost under the bonnet it’s not only back in business, it’s also operating ahead of schedule!
(TRAVPR.COM) UNITED KINGDOM - June 11th, 2013 - Lake Malawi’s Ilala, fitted with brand new engines, has completed its first circuit of the Lake since its servicing. With an extra boost under the bonnet it’s not only back in business, it’s also operating ahead of schedule"
'via Blog this'
Industry: Marketing
Lake Malawi’s Ilala, fitted with brand new engines, has completed its first circuit of the Lake since its servicing. With an extra boost under the bonnet it’s not only back in business, it’s also operating ahead of schedule!
(TRAVPR.COM) UNITED KINGDOM - June 11th, 2013 - Lake Malawi’s Ilala, fitted with brand new engines, has completed its first circuit of the Lake since its servicing. With an extra boost under the bonnet it’s not only back in business, it’s also operating ahead of schedule"
'via Blog this'
Friday, June 7, 2013
Reserve Bank of Malawi cancels Treasury Bills auction | Malawi Nyasa Times - Malawi breaking news in Malawi
Reserve Bank of Malawi cancels Treasury Bills auction | Malawi Nyasa Times - Malawi breaking news in Malawi: "
Business » Featured
Reserve Bank of Malawi cancels Treasury Bills auction
By Vhangani Phiri, Nyasa Times
June 7, 2013 · 1 Comments
Email This Post
The money market experienced an unusual occurrence this week as the Reserve Bank of Malawi (RBM) cancelled auction on treasury bills."
'via Blog this'
Business » Featured
Reserve Bank of Malawi cancels Treasury Bills auction
By Vhangani Phiri, Nyasa Times
June 7, 2013 · 1 Comments
Email This Post
The money market experienced an unusual occurrence this week as the Reserve Bank of Malawi (RBM) cancelled auction on treasury bills."
'via Blog this'
Malawi engages international legal experts in drafting mining deals | Malawi Nyasa Times - Malawi breaking news in Malawi
Malawi engages international legal experts in drafting mining deals | Malawi Nyasa Times - Malawi breaking news in Malawi: "
Business
Malawi engages international legal experts in drafting mining deals
By Hastings Loka, Nyasa Times
June 7, 2013 · 0 Comments
Email This Post
The Government of Malawi has engaged foreign legal expertise to assist the Ministry of Mining in the drafting and subsequent negotiations of the niobium project in Kanyika in Mzimba."
'via Blog this'
Business
Malawi engages international legal experts in drafting mining deals
By Hastings Loka, Nyasa Times
June 7, 2013 · 0 Comments
Email This Post
The Government of Malawi has engaged foreign legal expertise to assist the Ministry of Mining in the drafting and subsequent negotiations of the niobium project in Kanyika in Mzimba."
'via Blog this'
Capital Business » KQ to start direct flights into Blantyre
Capital Business » KQ to start direct flights into Blantyre: "KQ to start direct flights into Blantyre
Posted by JOSEPH MURAYA on June 4, 2013
Starting August 2, the airline will introduce three flights a week to Blantyre, Malawi’s second largest city that doubles up as its commercial hub/FILE
NAIROBI, Kenya, Jun 4 – National carrier Kenya Airways is set to commence direct flights to Blantyre, making it the airline’s second destination in Malawi after the capital Lilongwe."
'via Blog this'
Posted by JOSEPH MURAYA on June 4, 2013
Starting August 2, the airline will introduce three flights a week to Blantyre, Malawi’s second largest city that doubles up as its commercial hub/FILE
NAIROBI, Kenya, Jun 4 – National carrier Kenya Airways is set to commence direct flights to Blantyre, making it the airline’s second destination in Malawi after the capital Lilongwe."
'via Blog this'
Thursday, June 6, 2013
"Sena Corridor to benefit from Japanese Aid
JPAGETITLE: "Sena Corridor to benefit from Japanese Aid
COM_CONTENT_CATEGORY COM_CONTENT_PUBLISHED_DATE COM_CONTENT_WRITTEN_BY
Japanese Prime Minister Shinzo Abe assured Malawi that Japan will review the proposal on the development of the Sena Corridor to provide financial and technical assistance.
He said this was in response to the request by Malawi President Joyce Banda at a bilateral meeting that was held on Saturday in Yokohama."
'via Blog this'
COM_CONTENT_CATEGORY COM_CONTENT_PUBLISHED_DATE COM_CONTENT_WRITTEN_BY
Japanese Prime Minister Shinzo Abe assured Malawi that Japan will review the proposal on the development of the Sena Corridor to provide financial and technical assistance.
He said this was in response to the request by Malawi President Joyce Banda at a bilateral meeting that was held on Saturday in Yokohama."
'via Blog this'
Fuel pump price, sugar and bread go down in Malawi | Newstime Africa
Fuel pump price, sugar and bread go down in Malawi | Newstime Africa: "Fuel pump price, sugar and bread go down in Malawi
216 Views
June 6, 2013 Peter Chipanga Malawi No comments
Motorists and consumers in Malawi can at least afford a smile in the economically hit Southern Africa country following latest announcement of fuel, sugar and bread prices slashing.
The Malawi Energy Regulatory Authority (Mera) has revealed that the cost of fuel has gone down effective on Thursday June 6 2013, two days after news of the reduction of sugar and bread prices was also announced by respective producers.
Mera says Petrol has gone down to K680.80 from K694.30 per litre with Diesel being slashed to K657.40 from K677.20 per litre, a second reduction in the first half of 2013."
'via Blog this'
216 Views
June 6, 2013 Peter Chipanga Malawi No comments
Motorists and consumers in Malawi can at least afford a smile in the economically hit Southern Africa country following latest announcement of fuel, sugar and bread prices slashing.
The Malawi Energy Regulatory Authority (Mera) has revealed that the cost of fuel has gone down effective on Thursday June 6 2013, two days after news of the reduction of sugar and bread prices was also announced by respective producers.
Mera says Petrol has gone down to K680.80 from K694.30 per litre with Diesel being slashed to K657.40 from K677.20 per litre, a second reduction in the first half of 2013."
'via Blog this'
Malawi fuel prices slashed again: Govt calls for price cuts | Malawi Nyasa Times - Malawi breaking news in Malawi
Malawi fuel prices slashed again: Govt calls for price cuts | Malawi Nyasa Times - Malawi breaking news in Malawi: "Malawi fuel prices slashed again: Govt calls for price cuts
By Green Muheya, Nyasa Times
Fuel prices went down effective on Thursday, Malawi Energy Regulatory Authority (Mera) has announced.
The energy regulatory body said petrol prices is down from K694.30 to K680.80 per litre, diesel from K677.20 to K657.40 per litre. However, paraffin for domestic use remains at at K177 per litre."
'via Blog this'
By Green Muheya, Nyasa Times
Fuel prices went down effective on Thursday, Malawi Energy Regulatory Authority (Mera) has announced.
The energy regulatory body said petrol prices is down from K694.30 to K680.80 per litre, diesel from K677.20 to K657.40 per litre. However, paraffin for domestic use remains at at K177 per litre."
'via Blog this'
Malawi Signs $600m Energy Pact With China - Ventures Africa
Malawi Signs $600m Energy Pact With China - Ventures Africa: "Malawi Signs $600m Energy Pact With China
Posted on June 6, 2013 07:20 am under Investing, Investors, Markets
VENTURES AFRICA – Malawi and China have signed two energy deals that would facilitate enhanced generation of electricity power totaling $667.233 million.
The first deal involves a transmission line project that would see Chinese company, TBEA, construct additional and upgrade power transmission lines in the East African country to deal with problems of a saturated power transmission system."
'via Blog this'
Posted on June 6, 2013 07:20 am under Investing, Investors, Markets
VENTURES AFRICA – Malawi and China have signed two energy deals that would facilitate enhanced generation of electricity power totaling $667.233 million.
The first deal involves a transmission line project that would see Chinese company, TBEA, construct additional and upgrade power transmission lines in the East African country to deal with problems of a saturated power transmission system."
'via Blog this'
Wednesday, June 5, 2013
Three African airlines introduce new flight paths to Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi
Three African airlines introduce new flight paths to Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi: "Three African airlines introduce new flight paths to Malawi
By Nyasa Times Reporter
June 5, 2013 · 0 Comments
Tourism in Malawi is expected to gain an additional boost as more and more airlines chart new flight paths to the land-locked southern African country. The move increases the possibility of dual country holidays and widens itinerary options in Malawi, making ‘the Warm Heart of Africa’ even more accessible."
'via Blog this'
By Nyasa Times Reporter
June 5, 2013 · 0 Comments
Tourism in Malawi is expected to gain an additional boost as more and more airlines chart new flight paths to the land-locked southern African country. The move increases the possibility of dual country holidays and widens itinerary options in Malawi, making ‘the Warm Heart of Africa’ even more accessible."
'via Blog this'
‘Proflight’s Malawi route to boost trade’ | Times of Zambia
‘Proflight’s Malawi route to boost trade’ | Times of Zambia: "‘Proflight’s Malawi route to boost trade’
BY MAIMBOLWA MULIKELELA -
Zambia’s Acting High Commissioner to Malawi Henry Ngilazi has said the introduction of a direct route to Malawi is a good development for the Zambian economy as it will facilitate smooth trade between the two countries."
'via Blog this'
BY MAIMBOLWA MULIKELELA -
Zambia’s Acting High Commissioner to Malawi Henry Ngilazi has said the introduction of a direct route to Malawi is a good development for the Zambian economy as it will facilitate smooth trade between the two countries."
'via Blog this'
Sena Corridor to benefit from Japanese Aid
JPAGETITLE: "Sena Corridor to benefit from Japanese Aid
Japanese Prime Minister Shinzo Abe assured Malawi that Japan will review the proposal on the development of the Sena Corridor to provide financial and technical assistance.
He said this was in response to the request by Malawi President Joyce Banda at a bilateral meeting that was held on Saturday in Yokohama."
Japanese Prime Minister Shinzo Abe assured Malawi that Japan will review the proposal on the development of the Sena Corridor to provide financial and technical assistance.
He said this was in response to the request by Malawi President Joyce Banda at a bilateral meeting that was held on Saturday in Yokohama."
Tuesday, June 4, 2013
"Malawi uranium valued at K48 billion in 2012
Keyelekera: One of the biggest uranium mine in the country
A 2013 Malawi Government annual report has valued uranium total production at Malawi’s biggest mining investment, Kayelekera Uranium Mine, in Karonga at K47.75 billion.
"In 2012, the company produced 1,236 tonnes valued at $136.4 million equivalent of about K47.75 billion," reads the annual report in part, prepared by Malawi’s Ministry of Economic Planning and Development."
'via Blog this'
Malawi Pres. Banda in China, cuts energy deals
Malawi Pres. Banda in China, cuts energy deals | Malawi Nyasa Times - Malawi breaking news in Malawi: "
President Joyce Banda has hailed the energy deals that her government has sealed with Chinese companies, saying they will facilitate industrial revolution, which is needed for social economic development in Malaw"
'via Blog this'
President Joyce Banda has hailed the energy deals that her government has sealed with Chinese companies, saying they will facilitate industrial revolution, which is needed for social economic development in Malaw"
'via Blog this'
Friday, May 24, 2013
Commodities exchange rolls out on high note
Nation Online - Commodities exchange rolls out on high note: "Commodities exchange rolls out on high note
CATEGORY: BUSINESS NEWS WRITTEN BY CHIKONDI CHIYEMBEKEZA
Davis Manyenje: Other farmers are watching price movements
Trade on the AHL Commodities Exchange (AHCX) has rolled out on a high note with 30 metric tonnes of soya beans sold on the first day at prices ranging from K160 (about 40 US cents) to K180 (45 US cents) per kilogramme.
AHCX head of operations Davis Manyenje told Nation Online on Thursday the trade, which took place at warehouses in Mponela, Dowa and Lilongwe, is expected to pick up as time goes by, largely buoyed by the government’s waiver for farmers to export their produce amid an export "
'via Blog this'
CATEGORY: BUSINESS NEWS WRITTEN BY CHIKONDI CHIYEMBEKEZA
Davis Manyenje: Other farmers are watching price movements
Trade on the AHL Commodities Exchange (AHCX) has rolled out on a high note with 30 metric tonnes of soya beans sold on the first day at prices ranging from K160 (about 40 US cents) to K180 (45 US cents) per kilogramme.
AHCX head of operations Davis Manyenje told Nation Online on Thursday the trade, which took place at warehouses in Mponela, Dowa and Lilongwe, is expected to pick up as time goes by, largely buoyed by the government’s waiver for farmers to export their produce amid an export "
'via Blog this'
Malawi cancels Peermont contract
Nation Online - Malawi cancels Peermont contract: "Malawi cancels Peermont contract
CATEGORY: NATIONAL NEWS WRITTEN BY DEOGRATIAS MMANA
Flashback: Government officials and representatives of the contractor during the handover of the project last year
Malawi government has offered Legacy Holdings the contract to manage the Bingu International Conference Centre, The President Hotel and Presidential Villas in the capital, Lilongwe, scorning Peermont Global Proprietary Limited which won in the first tender processed in 2012."
'via Blog this'
CATEGORY: NATIONAL NEWS WRITTEN BY DEOGRATIAS MMANA
Flashback: Government officials and representatives of the contractor during the handover of the project last year
Malawi government has offered Legacy Holdings the contract to manage the Bingu International Conference Centre, The President Hotel and Presidential Villas in the capital, Lilongwe, scorning Peermont Global Proprietary Limited which won in the first tender processed in 2012."
'via Blog this'
Malawi cancels Peermont contract
Nation Online - Malawi cancels Peermont contract: "Malawi cancels Peermont contract
CATEGORY: NATIONAL NEWS WRITTEN BY DEOGRATIAS MMANA
Flashback: Government officials and representatives of the contractor during the handover of the project last year
Malawi government has offered Legacy Holdings the contract to manage the Bingu International Conference Centre, The President Hotel and Presidential Villas in the capital, Lilongwe, scorning Peermont Global Proprietary Limited which won in the first tender processed in 2012."
'via Blog this'
CATEGORY: NATIONAL NEWS WRITTEN BY DEOGRATIAS MMANA
Flashback: Government officials and representatives of the contractor during the handover of the project last year
Malawi government has offered Legacy Holdings the contract to manage the Bingu International Conference Centre, The President Hotel and Presidential Villas in the capital, Lilongwe, scorning Peermont Global Proprietary Limited which won in the first tender processed in 2012."
'via Blog this'
Thursday, May 23, 2013
Nation Online - Illovo ups capital projects expenditure
Nation Online - Illovo ups capital projects expenditure: "Illovo ups capital projects expenditure
CATEGORY: BUSINESS REVIEW PUBLISHED DATE WRITTEN BY BRENDA TWEA
Illovo Factory: Multi-national company that currently employs 10 000 people
Illovo Sugar (Malawi) Limited has committed K8 billion (about $20m) to capital projects in both agricultural and factory operations. This represents a 166 percent rise from last year’s K3 billion (about $7.5m).
Each year, the Malawi Stock Exchange (MSE)-listed sugar manufacturer budgets for capital expenditure across all its operations at both factories and estates (Nchalo and Dwangwa).
The money is used on a range of things including the replacement of equipment in both agriculture and factory operations"
'via Blog this'
CATEGORY: BUSINESS REVIEW PUBLISHED DATE WRITTEN BY BRENDA TWEA
Illovo Factory: Multi-national company that currently employs 10 000 people
Illovo Sugar (Malawi) Limited has committed K8 billion (about $20m) to capital projects in both agricultural and factory operations. This represents a 166 percent rise from last year’s K3 billion (about $7.5m).
Each year, the Malawi Stock Exchange (MSE)-listed sugar manufacturer budgets for capital expenditure across all its operations at both factories and estates (Nchalo and Dwangwa).
The money is used on a range of things including the replacement of equipment in both agriculture and factory operations"
'via Blog this'
Wednesday, May 22, 2013
Lipenga to unveil Malawi budget on Friday
Lipenga to unveil Malawi budget on Friday | Malawi Nyasa Times - Malawi breaking news in Malawi: "
Malawi’s Minister of Finance Ken Lipenga will present his 2013/14 budget statement to parliament on Friday an annual budget likely to stick firmly to Joyce Banda government’s austerity drive as the country’s economy continue to heal"
'via Blog this'
Malawi’s Minister of Finance Ken Lipenga will present his 2013/14 budget statement to parliament on Friday an annual budget likely to stick firmly to Joyce Banda government’s austerity drive as the country’s economy continue to heal"
'via Blog this'
Monday, May 20, 2013
Foreign reserves surge
Foreign reserves surge: "Foreign reserves surge
MONDAY, 20 MAY 2013 09:47 KINGSLEY JASSI
The foreign currency situation in the country continues to improve, with the import cover climbing to 1.63 months as of May 10, official figures have indicated.
Last Friday's daily money market report by Reserve Bank of Malawi (RBM) shows that official foreign reserves jumped to US$306 million by May 10 from US$240 million at the beginning of the month."
'via Blog this'
MONDAY, 20 MAY 2013 09:47 KINGSLEY JASSI
The foreign currency situation in the country continues to improve, with the import cover climbing to 1.63 months as of May 10, official figures have indicated.
Last Friday's daily money market report by Reserve Bank of Malawi (RBM) shows that official foreign reserves jumped to US$306 million by May 10 from US$240 million at the beginning of the month."
'via Blog this'
Kayelekera value cut over weak spot prices
Kayelekera value cut over weak spot prices: "Kayelekera value cut over weak spot prices
FRIDAY, 17 MAY 2013 13:36 THOM KHANJE
Australian-uranium miner, Paladin Energy, has slashed a further US$45 million from the value of its Kayelekera Mine in Karonga as poor spot prices of uranium continue to negatively affect its earnings from the mine"
'via Blog this'
FRIDAY, 17 MAY 2013 13:36 THOM KHANJE
Australian-uranium miner, Paladin Energy, has slashed a further US$45 million from the value of its Kayelekera Mine in Karonga as poor spot prices of uranium continue to negatively affect its earnings from the mine"
'via Blog this'
Globe Metals & Mining Limited : Kanyika Niobium Project Update - Marketing and Process Optimisation | 4-Traders
Globe Metals & Mining Limited : Kanyika Niobium Project Update - Marketing and Process Optimisation | 4-Traders: "Globe Metals & Mining Limited : Kanyika Niobium Project Update - Marketing and Process Optimisation
05/12/2013| 09:54pm US/EasternRecommend:
0
13 May 2013 Kanyika Niobium Project Update Marketing and Process Optimisation
Globe Metals & Mining ("Globe" or "the Company"; ASX:GBE) is pleased to announce it has engaged specialist consultant, Mr David Ma, to assist with optimisation of the concentrate processing plant and product marketing for the Kanyika Niobium Project (KNP) in Malawi."
'via Blog this'
05/12/2013| 09:54pm US/EasternRecommend:
0
13 May 2013 Kanyika Niobium Project Update Marketing and Process Optimisation
Globe Metals & Mining ("Globe" or "the Company"; ASX:GBE) is pleased to announce it has engaged specialist consultant, Mr David Ma, to assist with optimisation of the concentrate processing plant and product marketing for the Kanyika Niobium Project (KNP) in Malawi."
'via Blog this'
Tuesday, May 14, 2013
Illovo raises dividends at Africa units | Companies | BDlive
Illovo raises dividends at Africa units | Companies | BDlive: "ILLOVO Sugar, Africa’s biggest sugar producer, is paying out increased interim dividends at its Malawi and Zambian units, where the group made 33% and 39% of its operating profit in the 2012 financial year.
The group is focusing on its operations in the rest of Africa to supplement flagging sugar production prospects in South Africa."
'via Blog this'
The group is focusing on its operations in the rest of Africa to supplement flagging sugar production prospects in South Africa."
'via Blog this'
Thursday, May 9, 2013
Injunction restraining rare earth metals exploration on Malawi’s Mulanje Mountain lifted | Malawi News
The Maravi Post - Injunction restraining rare earth metals exploration on Malawi’s Mulanje Mountain lifted | Malawi News: "INJUNCTION RESTRAINING RARE EARTH METALS EXPLORATION ON MALAWI’S MULANJE MOUNTAIN LIFTED
Created on Thursday, 09 May 2013 15:06 Written by YAMIKANI SIMUTOWE
BLANTYRE (MaraPost) -- The High Court in Malawi has discharged an injunction that stopped Spring Stone Limited, a mining company, from carrying out rare earth elements exploration activities on Mulanje Mountain which the highest in the country"
'via Blog this'
Created on Thursday, 09 May 2013 15:06 Written by YAMIKANI SIMUTOWE
BLANTYRE (MaraPost) -- The High Court in Malawi has discharged an injunction that stopped Spring Stone Limited, a mining company, from carrying out rare earth elements exploration activities on Mulanje Mountain which the highest in the country"
'via Blog this'
Wednesday, May 8, 2013
T-Bills rates decline to induce fall in bank rates
Nation Online - The Nation: "
T-Bills rates decline to induce fall in bank rates
Treasury Bills (T-bills) rates are expected to induce a fall in commercial bank interest rates, an expert has said. An analysis of T-bills"
'via Blog this'
T-Bills rates decline to induce fall in bank rates
Treasury Bills (T-bills) rates are expected to induce a fall in commercial bank interest rates, an expert has said. An analysis of T-bills"
'via Blog this'
Tuesday, May 7, 2013
Globe Metals & Mining gains funding from East China Mineral Exploration - MENAFN
Globe Metals & Mining gains funding from East China Mineral Exploration - MENAFN: "
Globe Metals & Mining (ASX:GBE) has secured funding from its major shareholder China Mineral Exploration and Development Bureau (ECE) that will be used for exploration activity at the projects in Malawi.
ECE will substantially fund all of Globe's exploration activity at its projects in Malawi including the Kanyika Niobium project, the Chiziro graphite project, and the Machinga and Salambidwe rare earth projects."
'via Blog this'
Globe Metals & Mining (ASX:GBE) has secured funding from its major shareholder China Mineral Exploration and Development Bureau (ECE) that will be used for exploration activity at the projects in Malawi.
ECE will substantially fund all of Globe's exploration activity at its projects in Malawi including the Kanyika Niobium project, the Chiziro graphite project, and the Machinga and Salambidwe rare earth projects."
'via Blog this'
Malawi Kwacha gains ground against US dollar: Economy resuscitating | Malawi Nyasa Times - Malawi breaking news in Malawi
Malawi Kwacha gains ground against US dollar: Economy resuscitating | Malawi Nyasa Times - Malawi breaking news in Malawi: "
The Malawi Kwacha has appreciated against the US dollar from K420 to trade at K380 from Monday this week in what economic analyst say is due to the inflows from the tobacco trade - Malawi’s main foreign exchange earner accounting for more than half of all foreign exchange earnings.
Exchange rates monitored by Nyasa Times from Monday at National Bank of Malawi, Malawi Savings Bank and Indebank indicate that the Kwacha is this week trading at no more than K380 due to steady flows from tobacco sales."
'via Blog this'
The Malawi Kwacha has appreciated against the US dollar from K420 to trade at K380 from Monday this week in what economic analyst say is due to the inflows from the tobacco trade - Malawi’s main foreign exchange earner accounting for more than half of all foreign exchange earnings.
Exchange rates monitored by Nyasa Times from Monday at National Bank of Malawi, Malawi Savings Bank and Indebank indicate that the Kwacha is this week trading at no more than K380 due to steady flows from tobacco sales."
'via Blog this'
AFP: Malawi austerity dulls Banda's lustre
AFP: Malawi austerity dulls Banda's lustre: "Malawi austerity dulls Banda's lustre
By Felix Mponda (AFP) – 6 hours ago
BLANTYRE, Malawi — Malawi President Joyce Banda is hailed by the international community as a courageous reformer, but those same economic reforms are making her increasingly unpopular at home."
'via Blog this'
By Felix Mponda (AFP) – 6 hours ago
BLANTYRE, Malawi — Malawi President Joyce Banda is hailed by the international community as a courageous reformer, but those same economic reforms are making her increasingly unpopular at home."
'via Blog this'
Sunday, May 5, 2013
Malawi-Moz project
Malawi-Moz project: "Malawi, Mozambique outline new interconnector design
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By: Marcel Chimwala
26th April 2013
TEXT SIZE
Malawi and Mozambique, which are pursuing plans to interconnect their power grids, have agreed on new arrangements that entail the construction of an 800 kV 1 000 km power line from Tete, in Mozambique, through Malawian territory to Nacala."
'via Blog this'
EMAIL |
By: Marcel Chimwala
26th April 2013
TEXT SIZE
Malawi and Mozambique, which are pursuing plans to interconnect their power grids, have agreed on new arrangements that entail the construction of an 800 kV 1 000 km power line from Tete, in Mozambique, through Malawian territory to Nacala."
'via Blog this'
Saturday, April 27, 2013
KQ gets Malawi assent to fly into Blantyre | The Star
KQ gets Malawi assent to fly into Blantyre | The Star: "KQ gets Malawi assent to fly into Blantyre
SATURDAY, APRIL 27, 2013 - 00:00 -- BY STAR CORRESPONDENT
Kenya Airways has received approval from the Government of Malawi to begin flying into Chileka Airport in Blantyre effective June 3.
In a letter to the airline from Secretary for Transport and Public Works, Government of Malawi, Moffat Chitimbe, Kenya Airways was also given approval to resume 5th freedom traffic rights on the Lilongwe-Lusaka sector.
“I am pleased to convey government approval for your operations into Chileka Airport, Blantyre, and the exercise of 5th Freedom Traffic Rights on the Lilongwe-Lusaka sector as per your filed schedules effective 3rd "
'via Blog this'
SATURDAY, APRIL 27, 2013 - 00:00 -- BY STAR CORRESPONDENT
Kenya Airways has received approval from the Government of Malawi to begin flying into Chileka Airport in Blantyre effective June 3.
In a letter to the airline from Secretary for Transport and Public Works, Government of Malawi, Moffat Chitimbe, Kenya Airways was also given approval to resume 5th freedom traffic rights on the Lilongwe-Lusaka sector.
“I am pleased to convey government approval for your operations into Chileka Airport, Blantyre, and the exercise of 5th Freedom Traffic Rights on the Lilongwe-Lusaka sector as per your filed schedules effective 3rd "
'via Blog this'
Thursday, April 25, 2013
Nation Online - Investors eyeing Globe’s Kanyika project
Nation Online - Investors eyeing Globe’s Kanyika project: "Investors eyeing Globe’s Kanyika project
CATEGORY: BUSINESS NEWS PUBLISHED DATE WRITTEN BY CHIKONDI CHIYEMBEKEZA
Exploration works in progress at Kanyika in Mzimba
Potential investors have shown interest in the Kanyika Niobium Project (KNP) in Malawi’s northern district of Mzimba as the economic prospects of the mine become clearer, the Australian Stock Exchange (ASX)-listed Globe Metals and Mining, the licensed owner, has said.
In the company’s shareholder newsletter for April 2013, chairperson Shao Yi said they are committed to becoming the major supplier and producer of niobium and tantalum in Southern and Eastern Africa."
'via Blog this'
CATEGORY: BUSINESS NEWS PUBLISHED DATE WRITTEN BY CHIKONDI CHIYEMBEKEZA
Exploration works in progress at Kanyika in Mzimba
Potential investors have shown interest in the Kanyika Niobium Project (KNP) in Malawi’s northern district of Mzimba as the economic prospects of the mine become clearer, the Australian Stock Exchange (ASX)-listed Globe Metals and Mining, the licensed owner, has said.
In the company’s shareholder newsletter for April 2013, chairperson Shao Yi said they are committed to becoming the major supplier and producer of niobium and tantalum in Southern and Eastern Africa."
'via Blog this'
Lipenga asks for additional financing to boost reserves
Lipenga asks for additional financing to boost reserves: "Lipenga asks for additional financing to boost reserves
MONDAY, 22 APRIL 2013 10:03 TAONGA SABOLA IN WASHINGTON DC
Finance Minister Ken Lipenga has asked the International Monetary Fund (IMF), the World Bank and other cooperating partners to consider pouring additional financial resources into the country to help stabilise the rocking economic boat."
'via Blog this'
MONDAY, 22 APRIL 2013 10:03 TAONGA SABOLA IN WASHINGTON DC
Finance Minister Ken Lipenga has asked the International Monetary Fund (IMF), the World Bank and other cooperating partners to consider pouring additional financial resources into the country to help stabilise the rocking economic boat."
'via Blog this'
Mkango Resources has "very strong" project in Songwe, reckons Dawes - Proactiveinvestors (NA)
Mkango Resources has "very strong" project in Songwe, reckons Dawes - Proactiveinvestors (NA): "Mkango Resources' (CVE:MKA) recent oversubscribed C$2.3 million financing in what is a difficult climate supports the company's view that its Songwe rare earths project is "very strong".
The cash will go towards taking the project in Malawi to the next level and through to pre-feasibility - for which work is already swiftly advancing, chief executive Will Dawes tells Proactive Investors.
Indeed, Dawes took part in the fundraise, as JP Morgan 1998 Employee Trust, of which he is a beneficiary, subscribed for 285,715 units. This is in addition to further shares acquired in the market recently."
'via Blog this'
The cash will go towards taking the project in Malawi to the next level and through to pre-feasibility - for which work is already swiftly advancing, chief executive Will Dawes tells Proactive Investors.
Indeed, Dawes took part in the fundraise, as JP Morgan 1998 Employee Trust, of which he is a beneficiary, subscribed for 285,715 units. This is in addition to further shares acquired in the market recently."
'via Blog this'
Friday, April 12, 2013
Sunbird Nets 5 percent net profit
Business: "Sunbird’s net profit up 10%
12 APRIL 2013 TAONGA SABOLA
Local hospitality giant, Sunbird Tourism Limited, has reported a 10 percent increase in it's after tax profit for the year ended December 31, 2012 despite a difficult economic environment that prevailed in the country during the year."
'via Blog this'
12 APRIL 2013 TAONGA SABOLA
Local hospitality giant, Sunbird Tourism Limited, has reported a 10 percent increase in it's after tax profit for the year ended December 31, 2012 despite a difficult economic environment that prevailed in the country during the year."
'via Blog this'
Wednesday, April 10, 2013
-Malawi sees annual inflation at 18 pct: Finance Minister - Yahoo! Sports Canada
REUTERS SUMMIT-Malawi sees annual inflation at 18 pct: Finance Minister - Yahoo! Sports Canada: "REUTERS SUMMIT-Malawi sees annual inflation at 18 pct: Finance Minister
By Mabvuto Banda | Reuters – Mon, 8 Apr, 2013 6:22 AM EDT
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By Mabvuto Banda
LILONGWE (Reuters) - Malawi expects inflation to slow to an average of 18 percent this year, helped by a bumper crop and strong tobacco prices, its finance minister said, as the destitute southern African country continues on a painful path to righting its finances."
'via Blog this'
By Mabvuto Banda | Reuters – Mon, 8 Apr, 2013 6:22 AM EDT
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By Mabvuto Banda
LILONGWE (Reuters) - Malawi expects inflation to slow to an average of 18 percent this year, helped by a bumper crop and strong tobacco prices, its finance minister said, as the destitute southern African country continues on a painful path to righting its finances."
'via Blog this'
Friday, April 5, 2013
Malawi tobacco sales register success amid challenges -TCC |
Malawi tobacco sales register success amid challenges -TCC | Malawi Nyasa Times - Malawi breaking news in Malawi: "
Business » Featured
Malawi tobacco sales register success amid challenges -TCC
By Nyasa Times Reporter
April 5, 2013 · 0 Comments
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Experts on the tobacco industry say the country’s on-going gold leaf marketing season continues registering success in both pricing and revenue collected despite other challenges facing the industry.
Chief Executive Officer for the Malawi’s tobacco regulatory body, the Tobacco Control Commission (TCC) , Dr Bruce Munthali says in just three weeks after the opening of the season on March 12, the country has realized 12 million dollars compared to 3 million dollars it realized during the same period last in 2012."
'via Blog this'
Business » Featured
Malawi tobacco sales register success amid challenges -TCC
By Nyasa Times Reporter
April 5, 2013 · 0 Comments
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Experts on the tobacco industry say the country’s on-going gold leaf marketing season continues registering success in both pricing and revenue collected despite other challenges facing the industry.
Chief Executive Officer for the Malawi’s tobacco regulatory body, the Tobacco Control Commission (TCC) , Dr Bruce Munthali says in just three weeks after the opening of the season on March 12, the country has realized 12 million dollars compared to 3 million dollars it realized during the same period last in 2012."
'via Blog this'
NBM downbeat on the economy
NBM downbeat on the economy: "NBM downbeat on the economy
FRIDAY, 05 APRIL 2013 09:53 TAONGA SABOLA
Malawi's largest commercial bank, National Bank of Malawi (NBM), has expressed pessimism on the prospects of the economy for the calendar year 2013, saying most negative factors in the economy will remain constant throughout the year."
'via Blog this'
FRIDAY, 05 APRIL 2013 09:53 TAONGA SABOLA
Malawi's largest commercial bank, National Bank of Malawi (NBM), has expressed pessimism on the prospects of the economy for the calendar year 2013, saying most negative factors in the economy will remain constant throughout the year."
'via Blog this'
Malawi, Mozambique explore economic opportunities
Malawi, Mozambique explore economic opportunities: "Malawi, Mozambique explore economic opportunities
FRIDAY, 05 APRIL 2013 09:03 KINGSLEY JASSI
Malawi and Mozambique are exploring several economic opportunities amid their building up of bilateral relations.
Among the projects being considered is the fuel pipeline from Beira to Malawi."
'via Blog this'
FRIDAY, 05 APRIL 2013 09:03 KINGSLEY JASSI
Malawi and Mozambique are exploring several economic opportunities amid their building up of bilateral relations.
Among the projects being considered is the fuel pipeline from Beira to Malawi."
'via Blog this'
Thursday, April 4, 2013
Paladin has MK3.9bn environmental bond for Malawi uranium mine -Walker | Malawi Nyasa Times - Malawi breaking news in Malawi
Paladin has MK3.9bn environmental bond for Malawi uranium mine -Walker | Malawi Nyasa Times - Malawi breaking news in Malawi: "
Business
Paladin has MK3.9bn environmental bond for Malawi uranium mine -Walker
By Nyasa Times Reporter
April 3, 2013 · 17 Comments
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Australian Miner Paladin Energy Limited, operators of the Kayerekera Uranium Mine in Karonga district have a US$10 million Environmental Performance Bond with two commercial banks in Malawi to among other things cater for rehabilitation costs for signs of default during and after mine life"
'via Blog this'
Business
Paladin has MK3.9bn environmental bond for Malawi uranium mine -Walker
By Nyasa Times Reporter
April 3, 2013 · 17 Comments
Email This Post
Australian Miner Paladin Energy Limited, operators of the Kayerekera Uranium Mine in Karonga district have a US$10 million Environmental Performance Bond with two commercial banks in Malawi to among other things cater for rehabilitation costs for signs of default during and after mine life"
'via Blog this'
Wednesday, April 3, 2013
Tobacco forex to last 47days only
Tobacco forex to last 47days only: "Tobacco forex to last 47days only
WEDNESDAY, 03 APRIL 2013 09:18 TAONGA SABOLA
AN analysis by The BNL Times has shown that this year's forex earnings from the country's green gold, tobacco, will just be enough to meet Malawi's forex needs for 47 days.
This is despite overwhelming expectations from authorities and economic commentators who believe tobacco inflows will help stabilize the nose-diving Malawi Kwacha."
'via Blog this'
WEDNESDAY, 03 APRIL 2013 09:18 TAONGA SABOLA
AN analysis by The BNL Times has shown that this year's forex earnings from the country's green gold, tobacco, will just be enough to meet Malawi's forex needs for 47 days.
This is despite overwhelming expectations from authorities and economic commentators who believe tobacco inflows will help stabilize the nose-diving Malawi Kwacha."
'via Blog this'
Flemish government gives Malawi 25m Euros
Flemish government gives Malawi 25m Euros: "Flemish government gives Malawi 25m Euros
WEDNESDAY, 03 APRIL 2013 09:34 JACOB NANKHONYA
The government of Flanders has given Malawi 25 million Euros.
According to Flemish Minister-President, Kris Peeters, the money is expected to help developing Malawi's agriculture sector over a period of five years."
'via Blog this'
WEDNESDAY, 03 APRIL 2013 09:34 JACOB NANKHONYA
The government of Flanders has given Malawi 25 million Euros.
According to Flemish Minister-President, Kris Peeters, the money is expected to help developing Malawi's agriculture sector over a period of five years."
'via Blog this'
Expert says interest rates hike temporary
Expert says interest rates hike temporary: "Expert says interest rates hike temporary
WEDNESDAY, 03 APRIL 2013 09:15 THOM KHANJE
An investment banker says he believes the recent upward adjustments in interest rates by commercial banks in the country is temporary, saying the rates will soon start getting better as the economy moves into the lean harvest and export season"
'via Blog this'
WEDNESDAY, 03 APRIL 2013 09:15 THOM KHANJE
An investment banker says he believes the recent upward adjustments in interest rates by commercial banks in the country is temporary, saying the rates will soon start getting better as the economy moves into the lean harvest and export season"
'via Blog this'
Energy sector ropes in 4 firms
Energy sector ropes in 4 firms: "Energy sector ropes in 4 firms
WEDNESDAY, 03 APRIL 2013 09:10 KINGSLEY JASSI
The Ministry of Energy says four companies have so far started investing in energy sector.
Principal Secretary in the Ministry Winfred Masanjala said this when he presented the report to the Parliamentary Committee on Budget and Finance recently.
The four companies have a potential to produce a combined 1,235 megawatts with much of the energy, 1,000 MW, to be produced by the Chinese Company China Gezhouba Group Company."
'via Blog this'
WEDNESDAY, 03 APRIL 2013 09:10 KINGSLEY JASSI
The Ministry of Energy says four companies have so far started investing in energy sector.
Principal Secretary in the Ministry Winfred Masanjala said this when he presented the report to the Parliamentary Committee on Budget and Finance recently.
The four companies have a potential to produce a combined 1,235 megawatts with much of the energy, 1,000 MW, to be produced by the Chinese Company China Gezhouba Group Company."
'via Blog this'
Monday, April 1, 2013
Ethiopian Airlines launches new flights to two African cities - BUSINESS - Globaltimes.cn
Ethiopian Airlines launches new flights to two African cities - BUSINESS - Globaltimes.cn: "Ethiopian Airlines launches new flights to two African cities
Xinhua | 2013-4-1 8:47:49
By Agencies
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The Ethiopian Airlines on Sunday commenced flights to its new routes in two African cities -- Ndola of Zambia, and Blantyre of Malawi.
The launch of the new routes has raised the number of Ethiopian's destinations to 46 on the African continent."
'via Blog this'
Xinhua | 2013-4-1 8:47:49
By Agencies
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The Ethiopian Airlines on Sunday commenced flights to its new routes in two African cities -- Ndola of Zambia, and Blantyre of Malawi.
The launch of the new routes has raised the number of Ethiopian's destinations to 46 on the African continent."
'via Blog this'
Saturday, March 30, 2013
Intra Energy secures strategic coal exploration licenses in Malawi
Intra Energy secures strategic coal exploration licenses in Malawi: "Intra Energy secures strategic coal exploration licenses in Malawi
12 days 3 hours 26 minutes agohits: 66
Proactive Investors reported that Intra Energy has secured substantial strategic coal exploration licenses in Malawi, that supports its planned East African expansion.
It was granted the North Rukuru EPL0376/2013 covering 318 square kilometer immediately south of existing ML0143/2005 and another tenement Ngana EPL0377/2013 covering 231 square kilometer south of the Tanzanian border.
"
'via Blog this'
12 days 3 hours 26 minutes agohits: 66
Proactive Investors reported that Intra Energy has secured substantial strategic coal exploration licenses in Malawi, that supports its planned East African expansion.
It was granted the North Rukuru EPL0376/2013 covering 318 square kilometer immediately south of existing ML0143/2005 and another tenement Ngana EPL0377/2013 covering 231 square kilometer south of the Tanzanian border.
"
'via Blog this'
www.esi-africa.com | Plans for 120 MW coal fired power station in Malawi
www.esi-africa.com | Plans for 120 MW coal fired power station in Malawi: "Plans for 120 MW coal fired power station in Malawi
28 March 2013 - Australian coal resources development company Intra Energy Corporation (IEC) has signed a memorandum of understanding (MoU) with Malawi’s government for the construction and operation of a 120 MW coal fired power station. The company is in the pre-feasibility stage of developing a minimum 120 MW power station at Chipoka, Malawi by no later than the end of 2016. The project would include the design, engineering, construction, operation and maintenance of the power plant and its ancillary infrastructure and IEC is considering potential expansion to 200 MW (net) or doubling capacity with a second plant of 120 MW."
'via Blog this'
28 March 2013 - Australian coal resources development company Intra Energy Corporation (IEC) has signed a memorandum of understanding (MoU) with Malawi’s government for the construction and operation of a 120 MW coal fired power station. The company is in the pre-feasibility stage of developing a minimum 120 MW power station at Chipoka, Malawi by no later than the end of 2016. The project would include the design, engineering, construction, operation and maintenance of the power plant and its ancillary infrastructure and IEC is considering potential expansion to 200 MW (net) or doubling capacity with a second plant of 120 MW."
'via Blog this'
Thursday, March 28, 2013
AfDB gives MW US$3m for Kholombidzo studies
AfDB gives MW US$3m for Kholombidzo studies: "AfDB gives MW US$3m for Kholombidzo studies
THURSDAY, 28 MARCH 2013 09:49 TAONGA SABOLA
The African Development Bank (AfDB) on Monday gave Malawi US$3.04 million (about K1.2 billion) to finance the Kholombidzo Hydroelectric Power Plant Feasibility Studies on the Shire River."
'via Blog this'
THURSDAY, 28 MARCH 2013 09:49 TAONGA SABOLA
The African Development Bank (AfDB) on Monday gave Malawi US$3.04 million (about K1.2 billion) to finance the Kholombidzo Hydroelectric Power Plant Feasibility Studies on the Shire River."
'via Blog this'
Monday, March 18, 2013
Intra Energy secures strategic coal exploration licences in Malawi - Proactiveinvestors (AU)
Intra Energy secures strategic coal exploration licences in Malawi - Proactiveinvestors (AU): "Intra Energy (ASX:IEC) has secured substantial strategic coal exploration licences in Malawi, that supports its planned East African expansion.
It was granted the North Rukuru EPL0376/2013 covering 318 square kilometres immediately south of existing ML0143/2005 and another tenement Ngana EPL0377/2013 covering 231 square kilometres south of the Tanzanian border."
'via Blog this'
It was granted the North Rukuru EPL0376/2013 covering 318 square kilometres immediately south of existing ML0143/2005 and another tenement Ngana EPL0377/2013 covering 231 square kilometres south of the Tanzanian border."
'via Blog this'
Tuesday, March 12, 2013
Monday, March 11, 2013
Wednesday, February 27, 2013
Portos do Norte takes over from Corredor de Desenvolvimento do Norte to manage port of Nacala in Mozambique | Macauhub English
Portos do Norte takes over from Corredor de Desenvolvimento do Norte to manage port of Nacala in Mozambique | Macauhub English: "Portos do Norte takes over from Corredor de Desenvolvimento do Norte to manage port of Nacala in Mozambique
FEBRUARY 1ST, 2013 NEWS
The Corredor de Desenvolvimento do Norte (CDN – Northern Development Corridor) will no longer manage the port of Nacala, in Mozambique’s Nampula province, and will be replaced by recently created company Portos do Norte, according to Mozambican newspaper O PaÃs."
'via Blog this'
FEBRUARY 1ST, 2013 NEWS
The Corredor de Desenvolvimento do Norte (CDN – Northern Development Corridor) will no longer manage the port of Nacala, in Mozambique’s Nampula province, and will be replaced by recently created company Portos do Norte, according to Mozambican newspaper O PaÃs."
'via Blog this'
Ethiopian Airlines moves into Malawi
Southern Times-Ethiopian Airlines moves into Malawi: "Ethiopian Airlines moves into Malawi
Lilongwe - The Malawi government’s Private Public Partnership (PPP) Commission has named Ethiopian Airlines as its preferred partner to resuscitate Air Malawi 2012 Limited.
Jimmy Lipunga, the CEO of the PPP Commission, said Ethiopian Airlines had scored better than five other interested parties."
'via Blog this'
Lilongwe - The Malawi government’s Private Public Partnership (PPP) Commission has named Ethiopian Airlines as its preferred partner to resuscitate Air Malawi 2012 Limited.
Jimmy Lipunga, the CEO of the PPP Commission, said Ethiopian Airlines had scored better than five other interested parties."
'via Blog this'
Malawi: Paying the Price of Devaluation | Think Africa Press
Malawi: Paying the Price of Devaluation | Think Africa Press: "Malawi: Paying the Price of Devaluation
Malawi is facing unrest amidst rising prices and falling living standards. Is the hope that was once invested in President Banda running out?"
'via Blog this'
Malawi is facing unrest amidst rising prices and falling living standards. Is the hope that was once invested in President Banda running out?"
'via Blog this'
Wednesday, February 13, 2013
www.miningreview.com | Railroad from Tete to Nacala in Mozambique ready in second half of 2014
www.miningreview.com | Railroad from Tete to Nacala in Mozambique ready in second half of 2014: "Railroad from Tete to Nacala in Mozambique ready in second half of 2014
Maputo, Mozambique --- 12 February 2013 - Vale Mozambique ‒ a subsidiary of Brazilian mining giant Vale SA ‒ has signed a cooperation agreement with Mozambican state rail and port company Portos e Caminhos de Ferro de Moçambique (CFM) to build what is termed the “Nacala logistics corridor."
'via Blog this'
Maputo, Mozambique --- 12 February 2013 - Vale Mozambique ‒ a subsidiary of Brazilian mining giant Vale SA ‒ has signed a cooperation agreement with Mozambican state rail and port company Portos e Caminhos de Ferro de Moçambique (CFM) to build what is termed the “Nacala logistics corridor."
'via Blog this'
Tuesday, February 12, 2013
Cotton Crop Promising In Malawi
Cotton Crop Promising In Malawi: "Cotton growers in Malawi are expecting high yields this year, cotton experts, who are projecting the high yield due to the increase in number of farmers, have told a radio in the country.
Chairperson of the Cotton Development Trust Patrick Khembo revealed that this year nearly half a million farmers are producing the cash crop, which on a higher sie than last year.
The chairperson told ZBS that the prevailing good rains which seem to be befitting for cotton growing will also necessitate the high yield.
"
'via Blog this'
Chairperson of the Cotton Development Trust Patrick Khembo revealed that this year nearly half a million farmers are producing the cash crop, which on a higher sie than last year.
The chairperson told ZBS that the prevailing good rains which seem to be befitting for cotton growing will also necessitate the high yield.
"
'via Blog this'
Mozambique awards two coal rail contracts | International Railway Journal
MOZAMBIQUE Ports and Railway (CFM) has signed an agreement with Vale to upgrade the Nacala corridor, and a track access agreement with Beacon Hill Resources to operate coal trains along the Sena line between Moatize mine in Tete province and the port of Beira."
Mozambique awards two coal rail contracts | International Railway Journal: "
'via Blog this'
Friday, February 8, 2013
Malawi trade deficit at K34bn
Nation Online - Malawi trade deficit at K34bn: "Malawi trade deficit at K34bn
CATEGORY: BUSINESS REVIEW PUBLISHED DATE WRITTEN BY CHIKONDI CHIYEMBEKEZA
Trade Balance
Malawi’s trade deficit widened further in September 2012 to K34 billion (about $100m) from K26.8 billion (about $78.8m) the previous month, an indication that the country is importing more than it is exporting.
The National Statistical Office (NSO) January statistical bulletin indicates that the trade deficit worsened in the previous 12 months from K20 billion (about $58.8m) in September 2011 to K26.8 billion in August 2012 and widened further to K34 billion in September 2012."
'via Blog this'
CATEGORY: BUSINESS REVIEW PUBLISHED DATE WRITTEN BY CHIKONDI CHIYEMBEKEZA
Trade Balance
Malawi’s trade deficit widened further in September 2012 to K34 billion (about $100m) from K26.8 billion (about $78.8m) the previous month, an indication that the country is importing more than it is exporting.
The National Statistical Office (NSO) January statistical bulletin indicates that the trade deficit worsened in the previous 12 months from K20 billion (about $58.8m) in September 2011 to K26.8 billion in August 2012 and widened further to K34 billion in September 2012."
'via Blog this'
Sunday, February 3, 2013
malawi
malawi: "Legal wrangling halts Malawi rare earths exploration project
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By: Marcel Chimwala
1st February 2013
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Resources firm Springstone, a joint venture between Canada’s Gold Canyon Resources and Japan Oil, Gas & Metals National Corporation (Jogmec), has suspended its rare earths exploration project in the Mulanje Mountain area, in southern Malawi, as a result of legal wrangling with the surrounding community."
'via Blog this'
PRINT EMAIL |
By: Marcel Chimwala
1st February 2013
TEXT SIZE
Resources firm Springstone, a joint venture between Canada’s Gold Canyon Resources and Japan Oil, Gas & Metals National Corporation (Jogmec), has suspended its rare earths exploration project in the Mulanje Mountain area, in southern Malawi, as a result of legal wrangling with the surrounding community."
'via Blog this'
Wednesday, January 30, 2013
World Bank Group : World Bank Unveils New Country Assistance Strategy to Support Malawi’s Economic Growth and Transformation
World Bank Group : World Bank Unveils New Country Assistance Strategy to Support Malawi’s Economic Growth and Transformation
01/29/2013| 05:13pm US/Eastern
WASHINGTON, 29 January, 2013 - The World Bank Group has released its new Country Assistance Strategy (CAS) to support Malawi's effort to diversify the economy and make it more competitive and resilient to shocks. The four-year CAS, which was discussed by the Bank Board of Executive Directors today, will cover the 2013 to 2017 financial years, and proposes an indicative envelop of US$ 695 millio"
World Bank Group : World Bank Unveils New Country Assistance Strategy to Support Malawi’s Economic Growth and Transformation: "
Sunday, January 27, 2013
Intra Energy: New Coal Development in Malawi | Mining in Malawi
: "INTRA ENERGY: NEW COAL DEVELOPMENT IN MALAWI
26 January 2013 · by Mining in Malawi · in Malcoal (Malawi Coal Mining). ·
Intra Energy, an Australian-based mining and energy company with major thermal coal assets in Tanzania, has acquired coal licences for an operational mine in Malawi as well as exploration licences for further sites."
'TO READ MORE
26 January 2013 · by Mining in Malawi · in Malcoal (Malawi Coal Mining). ·
Intra Energy, an Australian-based mining and energy company with major thermal coal assets in Tanzania, has acquired coal licences for an operational mine in Malawi as well as exploration licences for further sites."
'TO READ MORE
Intra Energy starts coal mine development in Malawi
Intra Energy starts coal mine development in Malawi: "ntra Energy has progressed its Eastern African regional expansion strategy by acquiring coal licences including that of an operational mine in Malawi.
The concessions include the operating Nkhachira Coal Mine within Mining Licence ML0143/2005 and three Exclusive Prospecting Licences (EPL), located in the north of Malawi, west of the town of Karonga.
"
Company reportFull
The concessions include the operating Nkhachira Coal Mine within Mining Licence ML0143/2005 and three Exclusive Prospecting Licences (EPL), located in the north of Malawi, west of the town of Karonga.
"
Company reportFull
Saturday, January 26, 2013
Ethiopian to start new services to Blantyre - Airline News - etravelblackboardasia.com
Ethiopian to start new services to Blantyre - Airline News - etravelblackboardasia.com: "Ethiopian to start new services to Blantyre
Friday, 25 January 2013
Ethiopian Airlines, the fastest growing airline in Africa, is pleased to announce that it will commence three weekly flights to Blantyre starting March 31, 2013.
Blantyre is the commercial and industrial capital of Malawi. It will be Ethiopian 44th destination in Africa and the second in Malawi next to Lilongwe."
'via Blog this'
Friday, 25 January 2013
Ethiopian Airlines, the fastest growing airline in Africa, is pleased to announce that it will commence three weekly flights to Blantyre starting March 31, 2013.
Blantyre is the commercial and industrial capital of Malawi. It will be Ethiopian 44th destination in Africa and the second in Malawi next to Lilongwe."
'via Blog this'
Friday, January 25, 2013
Malawi Kwacha Weakens to Lowest Since 1993 as Reserves Dwindle - Bloomberg
Malawi’s kwacha, the worst- performing currency this year, dropped to its lowest in almost a decade as the Southern African country’s reserves continue to dwindle."
Malawi Kwacha Weakens to Lowest Since 1993 as Reserves Dwindle - Bloomberg
Economic recovery doubted
The Farmers Union of Malawi (Fum) says the Economic Recovery Plan (ERP) implemented by government will not yield any significant results this year as nothing new has been done to boost exports.
Jumbe's comments come barely a few weeks after Finance Minister Ken Lipenga said that the ERP is bearing fruits.
Fum President Felix Jumbe told The Daily Times yesterday that the whole reason Malawi has found itself in an economic mess is because the country has been struggling to raise enough forex through increased exports."
Economic recovery doubted:
'via Blog this'
Jumbe's comments come barely a few weeks after Finance Minister Ken Lipenga said that the ERP is bearing fruits.
Fum President Felix Jumbe told The Daily Times yesterday that the whole reason Malawi has found itself in an economic mess is because the country has been struggling to raise enough forex through increased exports."
Economic recovery doubted:
'via Blog this'
Ministry backtracks on mining licences
Mining Minister John Bande says government has not completely suspended the renewal of mining and exploration licenses to investors, backtracking on an earlier statement he made last week that his ministry was not renewing licenses until a review is made on how the expired licenses were acquired.
This week Bande confirmed extending the exclusive exploration licence (EPL) for Mkango Resources Limited, a company that is searching for rare earths at Songwe Hill in Phalombe."
Ministry backtracks on mining licences:
This week Bande confirmed extending the exclusive exploration licence (EPL) for Mkango Resources Limited, a company that is searching for rare earths at Songwe Hill in Phalombe."
Ministry backtracks on mining licences:
Malawi civil servants to go slow: two day strike planned for February | www.malawitoday.com
As the Joyce Banda administration ponders its response to the January 17 consumers’ petition, the Civil Servants Trade Union (CSTU) says it will stage on a two-day stay-away on February 11 and 12 over poor working conditions and lack of communication on staff grievances from Capital Hill.
In an exclusive interview with The Nation this week, CSTU president Eliah Kamphinda-Banda argued poor conditions of service will pile pressure on a President already battling the backlash of free-market policies and a tough austerity budget that have dramatically increased the cost of living and pushed more people into poverty, hence the January 17 demonstration."
Malawi civil servants to go slow: two day strike planned for February | www.malawitoday.com: "
In an exclusive interview with The Nation this week, CSTU president Eliah Kamphinda-Banda argued poor conditions of service will pile pressure on a President already battling the backlash of free-market policies and a tough austerity budget that have dramatically increased the cost of living and pushed more people into poverty, hence the January 17 demonstration."
Malawi civil servants to go slow: two day strike planned for February | www.malawitoday.com: "
Malawi s economy faces more battering
: "Malawi's economy faces more battering
Windhoek - Malawi’s ailing and donor-dependent economy faces further battering, as poor performance in the key agricultural sector, rising inflation and a widening current account deficit accelerate the country’s economic downturn.
Malawi’s gross domestic product (GDP) is expected to shrink further to below two percent in 2012 from 9.7 percent in 2008"
Southern Times-Malawi s economy faces more battering
Windhoek - Malawi’s ailing and donor-dependent economy faces further battering, as poor performance in the key agricultural sector, rising inflation and a widening current account deficit accelerate the country’s economic downturn.
Malawi’s gross domestic product (GDP) is expected to shrink further to below two percent in 2012 from 9.7 percent in 2008"
Southern Times-Malawi s economy faces more battering
Paladin to retrench 110 workers in Malawi’s Kayerekela mine | Nyasa Times Malawi breaking news in Malawi
By Thom Chiumia, Nyasa Times
Australian uranium miner Paladin Energy would restructure the mining operations at Kayelekera in Karonga that would result in the retrenchment of 110 employees.
The miner confirmed to Nyasa Times when asked about the job cuts.
Paladin international affairs General Manager Greg Walker told Nyasa Times: “We have reviewed staff numbers and are retrenching 110 national employ"
Paladin to retrench 110 workers in Malawi’s Kayerekela mine | Nyasa Times Malawi breaking news in Malawi: "
Australian uranium miner Paladin Energy would restructure the mining operations at Kayelekera in Karonga that would result in the retrenchment of 110 employees.
The miner confirmed to Nyasa Times when asked about the job cuts.
Paladin international affairs General Manager Greg Walker told Nyasa Times: “We have reviewed staff numbers and are retrenching 110 national employ"
Paladin to retrench 110 workers in Malawi’s Kayerekela mine | Nyasa Times Malawi breaking news in Malawi: "
Thursday, January 24, 2013
Malawian Government and World Bank Launch Mining Governance and Growth Support Project | Mining in Malawi
"LAUNCH MINING GOVERNANCE AND GROWTH SUPPORT PROJECT
22 January 2013 · by malawimining · in Events, Globe Metals & Mining Kanyika, Malawian Government, Mkango Resources, Paladin Kayelekera. ·
Today the Malawian Government launched the Mining Governance and Growth Support Project at the Bingu International Conference Centre in Lilongwe. According to Leonard Kalindekafe, Principal Secretary in the Ministry of Mining, the programme will support the government’s mining sector reform programme."
Malawian Government and World Bank Launch Mining Governance and Growth Support Project | Mining in Malawi:
22 January 2013 · by malawimining · in Events, Globe Metals & Mining Kanyika, Malawian Government, Mkango Resources, Paladin Kayelekera. ·
Today the Malawian Government launched the Mining Governance and Growth Support Project at the Bingu International Conference Centre in Lilongwe. According to Leonard Kalindekafe, Principal Secretary in the Ministry of Mining, the programme will support the government’s mining sector reform programme."
Malawian Government and World Bank Launch Mining Governance and Growth Support Project | Mining in Malawi:
Tea cartel' formed by biggest producing nations
China is one of the biggest producers and consumers, and will be an observer for now
Continue reading the main story
Related Stories
Cultural thirst drives premium tea boom in China
The world's biggest producers of tea have agreed to join forces, raising the prospect of a cartel controlling the price of the popular drink.
Following talks in Colombo, Sri Lanka, India, Kenya, Indonesia, Malawi and Rwanda announced the formation of the International Tea Producer's Forum."
BBC News - 'Tea cartel' formed by biggest producing nations:
'via Blog this'
Tuesday, January 22, 2013
Rio Tinto abandons plans to transport coal on Zambezi
Rio Tinto rethinks Mozambique business - FT.com: "Rio Tinto rethinks Mozambique business
By Neil Hume in Sydney
Rio Tinto is evaluating options for its troubled Mozambique coal business, including partnering with rival mining companies on rail infrastructure, according to people close to the situation."
'via Blog this'
By Neil Hume in Sydney
Rio Tinto is evaluating options for its troubled Mozambique coal business, including partnering with rival mining companies on rail infrastructure, according to people close to the situation."
'via Blog this'
Government backs Paladin
Government has said it will protect Paladin Africa, the mining company of Kayerekera Uranium Mine, from further attacks from critics saying the miner is suffering undeservedly.
Minister of Mines John Bande said this after continued calls from civil society and some opposition parties that the company's mine is not benefiting the country enough as it is supposed to, with other claims of less corporate social responsibility activities in Karonga."
Government backs Paladin
Minister of Mines John Bande said this after continued calls from civil society and some opposition parties that the company's mine is not benefiting the country enough as it is supposed to, with other claims of less corporate social responsibility activities in Karonga."
Government backs Paladin
MIT in K1bn campus project
Government through Malawi Institute of Tourism (MIT) says it will invest K1 billion to construct a state-of the- art Lilongwe campus of the institute.
The Ministry of Tourism says this in inline with government's Economic Recovery Plan (ERP) which lists tourism as a priority sector."
'via Blog MIT in K1bn campus project:
The Ministry of Tourism says this in inline with government's Economic Recovery Plan (ERP) which lists tourism as a priority sector."
'via Blog MIT in K1bn campus project:
Eland coal mine to double production
Eland Coal Mine says it is set to double production following the completion of installation works on its new multimillion kwacha mining plant at Mwaulambo mine in Karonga.
Speaking when Minister of Mining John Bande inspected the mine on Friday, Head of Marketing and Sales Mayamiko Mwinjilo said the new machine is expected to produce 25 tonnes
of coal per hour against 10 tonnes per hour which its excavator is currently producing"
Eland coal mine to double production:
'via Blog this'
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