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 "

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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."

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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."

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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"

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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"

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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."

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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"

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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:
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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."

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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."

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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"

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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"

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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."

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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."

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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."

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Malawi-Moz project

Malawi-Moz project: "Malawi, Mozambique outline new interconnector design
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By: Marcel Chimwala
26th April 2013
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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."

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