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 "

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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."

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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."

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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."

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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."

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-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."

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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."

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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."

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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."

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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"

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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."

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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."

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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"

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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."

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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."

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