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. "
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Business and Economic News from Malawi
Monday, October 14, 2013
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."
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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."
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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."
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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."
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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."
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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."
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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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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."
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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."
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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."
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