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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"

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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."

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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."

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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."

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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."

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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"

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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"

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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."

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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."

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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."

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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"

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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
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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"

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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):
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