Budget passes - BNL Times

Budget passes - BNL Times: "Parliament on Friday passed the 2014/2015 zero-aid budget which has been pegged at K737 billion down from K742.8 billion as originally presented by Finance Minister Goodall Gondwe some three weeks ago.

The financial plan was given a nod after amendments to four votes of the National Assembly, the Judiciary, the National Local Government Finance Committee and the Accountant General’s Department."



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Malawi Airlines connects Zim and Moz

Malawi Airlines connects Zim and Moz: "MALAWI Airlines has said it will launch a service connecting the three southern Africa countries of Malawi, Mozambique and Zimbabwe effective November 1"



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Mkango releases results of PFS at Malawi rare earths play

Mkango releases results of PFS at Malawi rare earths play: "OHANNESBURG (miningweekly.com) – A prefeasibility study (PFS) at Toronto-listed Mkango Resources’ Songwe Hill rare earth project, in Malawi, has supported the declaration of a maiden probable mineral reserve estimate of 8.5-million tons and has indicated a net present value of $293-million, based on rare earth oxide (REO) prices of $55/kg."



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AHCX targets crop exports at US$200m - BNL Times

AHCX targets crop exports at US$200m - BNL Times: "he AHL Commodities Exchange (AHCX) has projected exports of various commodities through the exchange this year to reach US$200 million, a 2000 percent rise from last year when only US$2 million in commodities were exported."



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Tobacco Earnings Stagnate

Tobacco Earnings Stagnate: "LILONGWE: Earnings from Malawi’s major cash crop, tobacco, have this year stagnated at $361.5 million, an equivalent of K145 billion which is almost similar to last year’s $361 million the forex-starved Malawi economy earned in 2013"



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Paladin touches 5-week low after lowering September quarter forecast - Proactiveinvestors (NA)

Paladin touches 5-week low after lowering September quarter forecast - Proactiveinvestors (NA): "Paladin Energy (TSE:PDN) fell to the lowest in five weeks after the Africa-focused uranium miner said its production levels for the September quarter would be almost 25 percent lower than expected."



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Globe Metals & Mining trenches broad graphite in Malawi -

Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU): "Globe Metals & Mining (ASX:GBE) should trade firmer after intersecting 253 metres of graphite grading 5.4% TGC during trenching at its Chiziro project in Malawi.

Five of the eight trenches with received assays intersected more than 25 metres of graphite mineralisation and greater than 8% TGC, and three trenches demonstrated intersections of more than 100 metres at a grade exceeding 5% TGC"



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Egyptian Investors’ Visit Spark Excitement For Malawi’s Tobacco Fortunes

Ventures Africa | Egyptian Investors’ Visit Spark Excitement For Malawi’s Tobacco Fortunes: "VENTURES AFRICA – The Malawi’s Tobacco Control Commission (TCC) says its tobacco industry is set for a major boost following the visit of a group of 16 Egyptian tobacco investors who where on ground recently to explore local opportunities"



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Egyptian investors happy with Malawi - BNL Times

Egyptian investors happy with Malawi - BNL Times: "he Egyptian delegation which is currently in the country to explore investment opportunities in the tobacco sector has said it is impressed with the outcomes of meetings held with various government officials.

The delegation, comprising officials from the tobacco sector in Eastern Egypt and Nile Valley, say they expect to come back soon to commence investment operations in the country."



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Reserve Bank of Malawi expects growth of manufacturing sector - BNL Times

Reserve Bank of Malawi expects growth of manufacturing sector - BNL Times: "The Reserve Bank of Malawi says it expects the country’s manufacturing sector to grow by 5.5 percent this year.

In its 2013 Economic Report released last week, RBM says a strong performance in manufacturing could come from growth in agriculture as well as continued fuel and forex availability."



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Malawi’s mineral wealth on show – Mining Review (August 2014) | Mining in Malawi

 Intra Energy, Mining Review (Marcel Chimwala), Paladin Kayelekera. ·
The piece “Malawi’s mineral wealth on show” featured below was initially published in Malawi’s Mining Review Issue Number 15 2014 that was circulated in August 2014"



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Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU)

Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU): "Globe Metals & Mining (ASX:GBE) should trade firmer after intersecting 253 metres of graphite grading 5.4% TGC during trenching at its Chiziro project in Malawi.

Five of the eight trenches with received assays intersected more than 25 metres of graphite mineralisation and greater than 8% TGC, and three trenches demonstrated intersections of more than 100 metres at a grade exceeding 5% TGC."



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Will Uranium Prices Continue to Surge? | The Motley Fool Canada

Will Uranium Prices Continue to Surge? | The Motley Fool Canada: "Over the past few weeks, without anyone seeming to notice, uranium prices have crept up by $3.50 per pound. How has this happened? Is this just the beginning of a major uptick? And how should you react?"



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Will Uranium Prices Continue to Surge? | The Motley Fool Canada

Will Uranium Prices Continue to Surge? | The Motley Fool Canada: "Over the past few weeks, without anyone seeming to notice, uranium prices have crept up by $3.50 per pound. How has this happened? Is this just the beginning of a major uptick? And how should you react?"



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Uranium Reaches $34 a Pound; Rally Unlikely to Last | Uranium Investing News

Uranium Reaches $34 a Pound; Rally Unlikely to Last | Uranium Investing News: "
The uranium spot price just keeps on ticking. So far in September, U3O8 has inched its way back to $34, a $1.25 jump from last week’s spot price of $32.75. While the recent price spike is certainly a welcome sight for the market, which has been waiting for prices to pick up in the years since the Fukushima nuclear disaster, some are not convinced the gain will last."



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Uranium prices now at USD34

1 Month Uranium Prices and Price Chart:



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Malawi : Malawi govt plans integrated cotton & textile industry - Textile News Malawi

Malawi : Malawi govt plans integrated cotton & textile industry - Textile News Malawi: "The Government of Malawi is planning to set up an integrated cotton and textile industry in the country, bnltimes reported.

The Minister of Industry and Trade, Joseph Mwanamvekha said the merged set up will help the cotton industry in Malawi to incorporate several industrial processes like ginning, spinning, weaving and garments manufacturing."



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Tanzania and World Bank sign US$565 million deal to expand port | eNCA

Tanzania and World Bank sign US$565 million deal to expand port | eNCA: "DAR ES SALAAM - Tanzania signed a US$565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub."



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Malawi Government to establish integrated cotton and textile industry - BNL Times

Malawi Government to establish integrated cotton and textile industry - BNL Times: "The Ministry of Industry and Trade has said it plans to facilitate the establishment of an integrated cotton and textiles industry in the country.

Minister of Industry and Trade Joseph Mwanamvekha said the integrated cotton and textiles industry will ensure that the cotton industry incorporates several industrial processes such as ginning, spinning, weaving and garments manufacturing."



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Malawi imports increased, wiped export gains - BNL Times

Malawi imports increased, wiped export gains - BNL Times: "Although Malawi’s exports increased by 8.6 percent in 2013, imports grew twice as much as the exports, widened the country’s trade deficit even further, according to the latest Malawi government Economic Report released on Tuesday as part of Finance Minister Goodall Gondwe’s budget statement to Parliament."



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Malawi cancels arms deal with South African firm: report

Malawi cancels arms deal with South African firm: report: "BLANTYRE: Malawi's new government has cancelled a $145 million arms deal with South Africa's Paramount Group, Finance Minister Goodall Gondwe told Saturday's Nation newspaper.
"The agreem"



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Uranium prices are on their way up

Uranium prices are on their way up.

1 Month Uranium Prices and Price Chart:



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The Maravi Post - malawi-fuel-pump-prices-reduced-business-and-development maravipost.com

The Maravi Post - malawi-fuel-pump-prices-reduced-business-and-development maravipost.com: "BLANTYRE (MaraviPost)--The Malawi Energy Regulatory Authority (MERA has reduced pump prices for petrol, diesel and other petroleum products effective Thursday.


Petrol will now be selling at K796.20 from K839 per litre; diesel at K805.50 from K853.40 per litre. The price for paraffin remains at K719.30."



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Paladin waiting for price rebound to reopen Malawi uranium mine

Paladin waiting for price rebound to reopen Malawi uranium mine: "PERTH (miningweekly.com) – Uranium miner Paladin Energy would spend some A$16-million a year on its Kayelekera mine, in Malawi, to ensure that the operation was ready to resume production once the uranium price rebounded."



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