US’s Opic targets US$100m for Malawi - BNL Times

US’s Opic targets US$100m for Malawi - BNL Times: "United States Government’s development finance institution, the Overseas Private Investment Corporation (Opic), says it is targeting to increase investment portfolio to Malawi, targeting a minimum of US$100 million within the next three years."



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Malawi governement optimistic on 6.1% growth - BNL Times

Malawi governement optimistic on 6.1% growth - BNL Times: "Minister of Finance Maxwell Mkwezalamba is upbeat the Malawi economy will grow by 6.1 percent in 2014, despite several factors such as withdrawal of aid from development partners and the suspension of mining activities at Kayerekera Uranium mine in Karonga, which could hamper progress.

Speaking to the media recently, Mkwezalamba said that the country is experiencing some economic stability following measures the government put in place but some economic commentators have since observed that the country may not be able to make the target as it is currently facing several derailing factors."



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Malawi's banks laxity shocks analysts - BNL Times

Malawi's banks laxity shocks analysts - BNL Times: "Economic analysts have described as shocking the revelations that the Reserve Bank of Malawi, commercial banks and the office of the Auditor General allowed huge amounts of money from public coffers to be paid out without checking with relevant government control officers in relevant departments and ministries."



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Mkango Resources Announces Amended Private Placement and Increase in Offering - WSJ.com

-(Marketwired - Feb. 24, 2014) -

Mkango  is pleased to announce that it has entered into a non-binding term sheet with certain affiliates of Sprott Inc. (the "Finders") to act as finders for the Corporation under its previously announced proposed non-brokered private placement (the "Private Placement")."



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Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers

Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers: " A British-funded forensic audit into the massive plunder of the Malawi government coffers has uncovered that over 13 billion Malawi kwacha (over US$ 30 million) was looted by politicians, business persons and civil servants.

The audit, conducted by British accounting firm, Baker Tilly, covered the period between April 2012 and September 2013. Coincidentally President Joyce Banda took over power on 7 April, 2012, following the sudden death two days earlier from cardiac arrest complications of President Bingu wa Mutharika."



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Zambia Railways to deliver 50 wagons | Zambia Daily Mail

Zambia Railways to deliver 50 wagons | Zambia Daily Mail: "From DARLINGTON MWENDABAI in Chipata
ZAMBIA Railways Limited (ZRL) plans to deliver 50 wagons for the Chipata-Mchinji railway line in Eastern Province by the end of next month"



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Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi - EIN News

Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi - EIN News: "PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 02/18/14 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin" or the "Company") wishes to advise that a minor incident occurred on Monday, February 10, 2014 during the routine transportation of Uranium Oxide Concentrate (UOC) from the Company's Kayelekera Mine (KM) in northern Malawi for export through the Port of Walvis Bay in Namibia."



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Indian firm Gillanders to buy out Malawi-based tea and macadamia producer : Regions : Venture Capital Post

Indian firm Gillanders to buy out Malawi-based tea and macadamia producer : Regions : Venture Capital Post: "Gillanders Arbuthnot & Co Ltd, an Indian business group, has entered an agreement to buy out Group Development Ltd, a tea and macadamia production company in Malawi. Based on a stock market disclosure, the purchase also included the three crop-producing subsidiaries of Group Development, wrote VC Circle."



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Malawi Revenue Authority collects K40 billion in January - BNL Times

Malawi Revenue Authority collects K40 billion in January - BNL Times: "The Malawi Revenue Authority (MRA) collected a record K40.76 billion in tax revenues, a development the tax collecting body has attributed to the positive effects of Voluntary Compliance Window (VCW) programme."



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Paladin Energy spills radioactive material at its Kayelekera mine in Malawi | www.malawitoday.com

Paladin Energy spills radioactive material at its Kayelekera mine in Malawi | www.malawitoday.com: "Paladin Energy spills radioactive material at its Kayelekera mine in Malawi
17 February 2014 By Peter Ker SYDNEY MORNING HERALD

Australian uranium miner Paladin Energy has reported a spill near one of its African mines, saying a truck carrying a container of uranium oxide from its Kayelekera mine in Malawi overturned while negotiating a curve in the road."



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Malawi's Millennium Challenge Corporation project on course - BNL Times

Malawi's Millennium Challenge Corporation project on course - BNL Times: "A German engineering company, which won a tender to work as the main engineering consultant for the United States government funded US$350.7 million Millennium Challenge Corporation (MCC) Power Sector Revitalisation Project in Malawi, says the project is on track and that some construction works will start this year."



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Malawi's Millennium Challenge Corporation project on course - BNL Times

Malawi's Millennium Challenge Corporation project on course - BNL Times: "A German engineering company, which won a tender to work as the main engineering consultant for the United States government funded US$350.7 million Millennium Challenge Corporation (MCC) Power Sector Revitalisation Project in Malawi, says the project is on track and that some construction works will start this year."



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Eight countries in Southern Africa have earned a position among the top 20 "most exciting African mineral jurisdictions"

.

According to an investment guide released on Monday, they are South Africa, Zimbabwe, Namibia, Botswana, Mozambique, Zambia, Madagascar, and Malawi.

http://www.miningweekly.com/article/african-mining-2014-02-03

Malawi’s headline inflation averaged 27.1 percent in 2013 - BNL Times

Malawi’s headline inflation averaged 27.1 percent in 2013 - BNL Times: "Malawi’s headline inflation averaged 27.1 percent in 2013 as both food and non-food prices surged, the National Statistical Office (NSO) has said.

The Zomba-based statistical powerhouse said inflation for the month of December soared from 22.9 percent in November to 23.5 percent."



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Mkango Resources Appoints Derek Linfield to the Board of Directors and Announces a Proposed Non-Brokered Private Placement - WSJ.com

Mkango Resources Appoints Derek Linfield to the Board of Directors and Announces a Proposed Non-Brokered Private Placement - WSJ.com: "Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to appoint Mr. Derek Linfield as a director of the Corporation, effective as of today, and to announce a proposed non-brokered private placement to raise gross proceeds of up to C$1 million (the "Private Placement").

Appointment of Derek Linfield as Non-Executive Director

Mr. Linfield is the managing partner of the law firm Stikeman Elliott (London) LLP, the UK office of Canadian law firm Stikeman Elliott LLP. Mr Linfield has practiced as a Canadian lawyer in London for 17 years, where he has focused on cross-border financings and M&A in the mining and oil & gas sectors, including taking internationally managed companies to Toronto Stock Exchange and the Toronto Venture Exchange as well as Canadian companies to the London Stock Exchange."



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Malawi chosen for Chinese ‘mini-city’ | BNL Times

Malawi chosen for Chinese ‘mini-city’ | BNL Times: "A consortium of Chinese investors has chosen Malawi for the setting up of an Asia-Africa International Free Trade Zone that could cost a whooping US$6 billion to construct.

The proposed Asian-African International Free Trade Area would include a complex of business buildings with a surface area of at least 100,000 square meters, creating a mini-city that will have integrated African and Chinese cultures."



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Borshoff driven by wartime experience | The Australian

Borshoff driven by wartime experience | The Australian: "FRESH from announcing a potentially company-saving deal, Paladin Energy managing director John Borshoff has opened up for the first time about his involvement in the Vietnam War."



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