Malawians burderned as Kwacha sinks lower | Business World News 2015-12-23

Malawians burderned as Kwacha sinks lower | Business World News 2015-12-23: "The weak grip of the Malawi kwacha on the U.S. dollar is weighing heavily on Malawians who are expected to pay more for their daily needs during and after the festive season. "



'via Blog this'

Malawi’s revised budget awaits cabinet, IMF recommended downward review | The Times Group

Malawi’s revised budget awaits cabinet, IMF recommended downward review | The Times Group: "Malawi’s Finance ministry has completed revising the budget which now awaits cabinet approval before it is introduced in Parliament during its mid-term budget review meeting early next year."



'via Blog this'

Paladin denies Malawi mine sale - The West Australian

Paladin denies Malawi mine sale - The West Australian: "UPDATE 1.40pm: Paladin Energy has been forced to deny a report that appeared in Malawan media that it had sold all or part of its Kayelekera Mine in Malawi.

The report appeared in The Daily Times (Malawi) yesterday.

“The article incorrectly asserts Paladin has sold all or part of its 85 per cent interest in Kayelekera mine to China National Nuclear Corporation,” the company said in a statement."



'via Blog this'

LafargeHolcim and CDC Group to scale-up an affordable low-carbon construction solution - Cement industry news from Global Cement

LafargeHolcim and CDC Group to scale-up an affordable low-carbon construction solution - Cement industry news from Global Cement: "Malawi: LafargeHolcim and CDC Group, the UK's development finance institution, have signed a Memorandum of Understanding to set up a company to produce and promote an affordable low-carbon construction solution for developing countries.

The new company aims to scale up production of earth-cement bricks, a simple, reliable, affordable and environmentally-friendly building material that was launched by LafargeHolcim in Malawi in 2013."



'via Blog this'

Malawi Ready For Oil, Gas Exploration; Mutharika Makes Strong Case For Africa | Malawi Voice

Malawi Ready For Oil, Gas Exploration; Mutharika Makes Strong Case For Africa | Malawi Voice: "After stagnating as an agro-based economy for many decades, Malawi is now ready to kick-start large-scale extractive industry which has oil and gas as some of the main deposits. The good news was relayed to global investors by Malawi President, Peter Mutharika, during his address to The Global African Investment Summit held in London recently."



'via Blog this'

Peter Mutharika approves toll gates, other reforms | The Times Group

Peter Mutharika approves toll gates, other reforms | The Times Group: "President Peter Mutharika has approved a set of reforms in the road sector which includes the introduction of toll gates and an automated fuel levy adjustment system. Other reforms approved include the introduction of a Roads Fund Bond to help raise financing for road sector development projects from the market as well as introduction of an Automate Payment System for settling of debts with contractors by the Roads Fund Administration (RFA)."



'via Blog this'

Paladin sells off Kayerekera Mine

Paladin sells off Kayerekera Mine | The Times Group: "The Australian mining consortium, Paladin Energy Limited, which was given a 10-year-tax holiday after investing US$620 million in Kayerekera Uranium Mine in Karonga, has sold off the mine to a Chinese firm."



'via Blog this'

Malawi greatly improved off bold reforms, says IMF

Malawi greatly improved off bold reforms, says IMF | CPI Financial | CPI Financial News | Banking and Financial News,Islamic Business and Finance, Commercial Banking: "In a statement the IMF noted that bold economic reforms undertaken in mid-2012, namely the devaluation of the currency, the adoption of a floating exchange rate regime, the liberalisation of foreign exchange markets, and the introduction of an automatic fuel price adjustment mechanism transformed the policy environment and greatly improved the outlook of the economy."



'via Blog this'

New Limbe-Mkaya Railway due March 2016

New Limbe-Mkaya Railway due March 2016: "Rehabilitation work underway on the Limbe-Mkaya railway Rehabilitation of the railway line from Limbe to Mkaya is expected to be complete by March 2016, a development which is likely to help reduce the transit time for passengers and goods between the two ends. Chisomo Mwamadi, spokesperson for the Central East African Railways (CEAR), which is overseeing the rehabilitation, told Zodiak Online the completion deadline which was December 2015 has been shifted to March 2016 due to some challenges"



'via Blog this'

Kwacha depreciation hits 28.5%, worse than last year | The Times Group

Kwacha depreciation hits 28.5%, worse than last year | The Times Group: "Malawi Kwacha has depreciated by 28.5 percent compared to a 14.5 annual depreciation rate recorded during the same period last year. And according to a report released by advisory firm, Nico Asset Managers, the local unit will continue to depreciate as the lean season advances. As at November 30, 2015, Authorized Dealer Banks were trading the kwacha at K604. 84 to the dollar but as at close of business on Wednesday, the kwacha was on average trading at K627 in exchange for the dollar."



'via Blog this'

Tobacco buyers for contract growing and marketing in Malawi | The Times Group

Tobacco buyers for contract growing and marketing in Malawi | The Times Group: "Just a few days after JTI Leaf Malawi declared its preference for contract tobacco growers, other tobacco buying and processing companies under a grouping called Tobacco Processors Association (TPA) have come out in the open to announce their leaning towards contract tobacco growing and marketing in Malawi."



'via Blog this'

Mkango Mining plots London listing to speed rare earth exploration | Digitallook.com

Mkango Mining plots London listing to speed rare earth exploration | Digitallook.com: "Mkango Resources, a Toronto-listed rare earth explorer led by former Rio Tinto geologist Will Dawes, has applied to float on London's AIM in January. The Calgary-based company and its broker and nominated adviser SP Angel Corporate Finance are currently finalising the details of a small fundraising alongside its secondary listing, having in October raised CAD1.13m in a private placing."



'via Blog this'

IMF mission team in early 2016, to review Malawi’s ECF performance | The Times Group

IMF mission team in early 2016, to review Malawi’s ECF performance | The Times Group: "An International Monitory Fund’s (IMF) mission team is expected in Malawi within the first quarter of 2016 to review the country’s economic trends and evaluate its performance in line with the Extended Credit Facility (ECF) programme.

The team will determine Malawi’s fate on whether to resume the US$150 million ECF programme with the fund which was declared off-track in September following the government’s failure to meet agreed targets."



'via Blog this'

Malawi: Economic Developments 2015 | Afribiz.info

Malawi: Economic Developments 2015 | Afribiz.info: "Malawi’s economy continued to recover from the contraction in GDP experienced in 2012 as a result of slippage in macro-economic policies and withdrawal of budgetary support by development partners (DPs) over governance concerns, which precipitated an acute shortage of foreign exchange and fuel, crippling the economy. In 2014, the country’s economy is estimated to have grown by 5.7%, supported by strong expansion in agricultural and manufacturing output, construction, wholesale and retail trade, and services."



'via Blog this'

Future of Kayerekera Uranium Mine Still Bleak

Future of Kayerekera Uranium Mine Still Bleak: "Uncertainty remains over the re-opening of the Kayerekera Uranium Mine in the North-west of Karonga district, Northern Malawi.
The mine, placed under care and maintenance in February 2014, has had its future on a stand still, due to continued poor external macro-economic conditions on the global uranium market, according to Paladin Africa Ltd.
In a recent statement Paladin Africa General Manager for Operations Alan Cumming expresses reservations on how soon mining operations will resume at the once giant mine in southern Africa"



'via Blog this'

From London With Solar Energy Deal: Malawi Joins Solar Energy Africa Campaign | Malawi Voice

From London With Solar Energy Deal: Malawi Joins Solar Energy Africa Campaign | Malawi Voice: "A majority of Malawians most of who do not use any form of electricity will soon access the commodity following a Solar Energy Africa Campaign deal that Lilongwe has signed with the UK government at a ceremony held in London on Wednesday this week."



'via Blog this'

China, MW sign $600 million Kam’mwamba coal project | Malawi Voice

China, MW sign $600 million Kam’mwamba coal project | Malawi Voice: "The governments of Malawi and People’s Republic of China have signed a $600 Million pact for the Development of the 300 megawatts Kam’mwamba coal fired power plant generation"



'via Blog this'

Xi Jinping in Africa: China, Malawi Working on Projects Modalities | Malawi Voice

Xi Jinping in Africa: China, Malawi Working on Projects Modalities | Malawi Voice: "Officials from Malawi Government and China are meeting in South Africa to work on modalities of implementing Chinese funded project"



'via Blog this'

APM Visits Buckingham Palace, As Duke Of York Crowns Himself Investment Ambassador For Malawi | Malawi Voice

APM Visits Buckingham Palace, As Duke Of York Crowns Himself Investment Ambassador For Malawi | Malawi Voice: "His Royal Highness the Duke of York Prince Andrew has crowned himself as the investment ambassador for Malawi in a bid to market the country’s investment opportunities to the global village."



'via Blog this'

Uranium prices poised to rebound, analyst says - Canadian Mining JournalCanadian Mining Journal

Uranium prices poised to rebound, analyst says - Canadian Mining JournalCanadian Mining Journal: "Prices expected to hit US$80 per lb in 2019, on the back of higher demand from utilities

The uptick in uranium prices is again around the corner, but this time analysts are more confident it should happen to keep the demand and supply in check."



'via Blog this'

Presscane to have fertiliser production plant by 2017 | The Times Group

Presscane to have fertiliser production plant by 2017 | The Times Group: "Presscane to have fertiliser production plant by 2017
Posted By: William Kumwembeon: December 04, 2015In: BusinessNo Comments

William Kumwembe – who has written 73 posts on The Times Group.
Email
Malawian company PRESSCANE Limited has unveiled plans to install a fertiliser manufacturing plant at its ethanol production site in Chikwawa at a cost of US$20 million.

The fertiliser plant is one of the components of a project the company has embarked to increase ethanol production by engaging farmers to grow and sell sugarcane to the ethanol distillery.

Presscane intends to use the ethanol production residues and some molasses for production of fertilisers at the proposed factory.

Presscane operations manager, Bryson Mkomaanthu, said installation works of the plant is planned to start mid next year for completion by end 2017."



'via Blog this'

Malawi to have largest rice factory in Southern Africa | Malawi24 - All the latest Malawi news

Malawi to have largest rice factory in Southern Africa | Malawi24 - All the latest Malawi news: "Malawi to have largest rice factory in Southern Africa
Luke Bisani
Malawi is set to have the largest rice factory in southern Africa country in Nkhotakota district as one way of increasing exports from this count"



'via Blog this'

US house warms to Mkango after PFS update - Proactiveinvestors (UK)

US house warms to Mkango after PFS update - Proactiveinvestors (UK): "Rare earth explorer Mkango (CVE:MKA) is worth C15c per share after its updated pre-feasibility study for Songwe Hill in Malawi, according to mining house Hallgarten. An offtake agreement is now the one missing piece in the puzzle for the explorer, said the US broker. It will need this to fund the US$216mln upfront required to take Songwe Hill into production, though Hallgarten added Mkango already has one of the strongest group of institutional/core shareholders it has seen in a rare earths explorer"



'via Blog this'

Uranium - Monthly Price - Commodity Prices - Price Charts, Data, and News - IndexMundi

Uranium - Monthly Price - Commodity Prices - Price Charts, Data, and News - IndexMundi: ""



'via Blog this'

Mkango Resources Announces Results of Updated Pre-Feasibility Study for the Songwe Hill Rare Earth Project in Malawi | Benzinga

Mkango Resources Announces Results of Updated Pre-Feasibility Study for the Songwe Hill Rare Earth Project in Malawi | Benzinga: "CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to announce the results of the updated Pre-feasibility Study (the Study) for the Songwe Hill Rare Earth Project. Capital expenditure (Capex) and operating costs (Opex) in the Study have been updated to reflect movements in equipment, reagent and other costs, in addition to exchange rates"



'via Blog this'

Malawi raises key lending rate to 27.0 pct, cuts GDP forecast | Reuters

Malawi raises key lending rate to 27.0 pct, cuts GDP forecast | Reuters: "LILONGWE (Reuters) - Malawi's central bank lifted its benchmark lending rate by 200 basis points to 27 percent on Wednesday, saying persistently high inflation, a depreciating exchange rate and uncertainties on food prices and wage demands posed risks."



'via Blog this'

Business | The Times Group

Business | The Times Group: "A K60 billion solar project slated to commence early next year has finally been allocated 60 hectors of land in Lilongwe. The project under Atlas Energies Limited was scheduled to take off "



'via Blog this'

MW-Mozambique interconnection feasibility study out in 2017 | Malawi24 - All the latest Malawi news

MW-Mozambique interconnection feasibility study out in 2017 | Malawi24 - All the latest Malawi news: "Government will release results of the feasibility study for Malawi and Mozambique interconnection project after a year.
Principal Secretary in the Ministry of Energy and Mines Ben Botolo says Malawi and Mozambique have identified a contractor from Germany to design the project.

Feasibility stud on power deal will come a little longer.
“Malawi and Mozambique has found a contractor from Germany to design the project and the feasibility study will look into social cost and environmental cost,” said Botolo."



'via Blog this'

Botswana firm to buy stake in Nico Holdings | The Times Group

Botswana firm to buy stake in Nico Holdings | The Times Group: "Botswana Insurance Holdings Limited (BIHL) has announced that it is in the process to acquire a 25 percent stake in Malawi’s Nico Holdings Limited from Sanlam Emerging Markets (SEM) at a price of US$14 million."



'via Blog this'

Mkango Renews Thambani Licence and Provides Corporate Update on Dual Listing and Current Activities - MarketWatch

Mkango Renews Thambani Licence and Provides Corporate Update on Dual Listing and Current Activities - MarketWatch: " - Mkango Resources Ltd. has  announced that the Government of Malawi has granted a further two year renewal for Exclusive Exploration Licence ("EPL") 0303/10R ("the Thambani Licence"), in southwest Malawi.

Thambani Licence"



'via Blog this'

Kenya Based Insurance Firms Enter Malawi Market - Footprint to Africa

Kenya Based Insurance Firms Enter Malawi Market - Footprint to Africa: "The Reserve Bank of Malawi (RBM) has given insurance operating licenses to the Kenya based CIC Africa Cooperative Life Insurance and the CIC Africa Cooperative General Insurance Limited.

APA reports that the two companies are a partnership between Malawi Union of Savings and Credit Cooperatives (MUSCCO) and the CIC Group of Kenya.

RBM Deputy Governor responsible for Supervision, Grant Kabango said during the awarding of the licenses in the capital Lilongwe on Monday that they expect the firms to bring more benefits to Malawians especially those living in rural areas."



'via Blog this'

Mkango Resources closes share placing, raising C$1.125mln - Proactiveinvestors (UK)

Mkango Resources closes share placing, raising C$1.125mln - Proactiveinvestors (UK): "Mkango Resources (CVE:MKA) has secured C$1.125mln from investors in a non-brokered placing.

The company, which has rare earth interests in Africa, has sold a total of 45mln units – containing  one share and half a share warrant - priced at 2.5 cents each."



'via Blog this'

Millennium Challenge Account awards sixth contract | The Times Group

Millennium Challenge Account awards sixth contract | The Times Group: "Millennium Challenge Account awards sixth contract
Posted By: Kingsley Jassion: October 22, 2015In: BusinessNo Comments
The Millennium Challenge Account Malawi (MCA-M) on Wednesday awarded the sixth contract in the power compact for the installation of a US$7.47 million control and data system on the Malawi power transmission network"



'via Blog this'

Wind Fall: APM Lands K1 Trillion Ace From China - Malawi Voice

Wind Fall: APM Lands K1 Trillion Ace From China - Malawi Voice: "Almost a year since he hinted his desire for his government to deal with BRICS nations, State President Arthur Peter Mutharika has finally revealed the first of his ace cards with the clinching of K1 trillion worth of projects that will transform the country’s economy to astronomical levels."



'via Blog this'

Reserve Bank of Malawi’s 2014 surplus up | The Times Group

Reserve Bank of Malawi’s 2014 surplus up | The Times Group: "Reserve Bank of Malawi’s 2014 surplus up
Posted By: Kingsley Jassion: October 21, 2015In: BusinessNo Comments
The Reserve Bank of Malawi (RBM) has announced strong financial performance for the year 2014 during which it registered an annual operating surplus of K24.3 billion."



'via Blog this'

Reserve Bank of Malawi’s 2014 surplus up | The Times Group

Reserve Bank of Malawi’s 2014 surplus up | The Times Group: "Reserve Bank of Malawi’s 2014 surplus up
Posted By: Kingsley Jassion: October 21, 2015In: BusinessNo Comments
The Reserve Bank of Malawi (RBM) has announced strong financial performance for the year 2014 during which it registered an annual operating surplus of K24.3 billion."



'via Blog this'

Malawi pensions among world’s fastest growing | The Times Group

Malawi pensions among world’s fastest growing | The Times Group: "Malawi pensions among world’s fastest growing
Posted By: Kingsley Jassion: October 21, 2015In: BusinessNo Comments
The Organisa tion of Economic Cooperation for Development (OECD) has rated Malawi’s pension industry among the fastest g rowing in the world following the sharp growth in pension savings and assets since the new Pension Act was enacted in 2011."



'via Blog this'

-Malawi to revise national budget after IMF suspends credit facility

By Mabvuto Banda

LILONGWE, Oct 1 (Reuters) - The International Monetary Fund has suspended loans to Malawi for failing to cut its wage bill and improve revenue collection, making it less likely Western donors will resume budgetary aid, the finance minister said on Thursday. Read More here

Malawi's economic growth to slow to 3 pct in 2015 after flooding

READ MORE HERELILONGWE, Sept 30 (Reuters) - Malawi's economic growth will slow to 3 percent this year from 5 percent in 2014 due to severe flooding in January that affected food production, the International Monetary Fund said on Wednesday.

Mozambique: First stage of Nacala port modernization nears completion

Mozambique construction firm has said the first phase of modernisation of the Port of Nacala, in Mozambique’s Nampula province is nearing completion, APA observes here on Wednesday.The U$300 million rehabilitation projected is joint funded by the governments of Mozambique and Japan.

READ MORE

Malawi will exhaust MCC funds by 2018’

The Millennium Challenge Account – Malawi (MCA-M) says Malawi will fully utilise the US$350 million Millennium Challenge Account Compact grant from the United States government by the end of the five year project period on September 19, 2018. Read More

Malawi government hails Chambo Fisheries | Malawi24 - All the latest Malawi news

Malawi government hails Chambo Fisheries | Malawi24 - All the latest Malawi news: "Malawi government hails Chambo Fisheries
Joseph Dumbula
The Malawi Government has applauded strides set aside by Chambo Fisheries  in the quest to improve the country’s aquaculture industry."



'via Blog this'

Investors cheer Paladin CEO exit | Business Spectator

Investors cheer Paladin CEO exit | Business Spectator: "SHARE

Investors cheer Paladin CEO exit
MICHAEL RODDAN 11 AUG, 11:39 AM
INDUSTRIES RESOURCES AND ENERGY
Shares in uranium miner Paladin Energy have rallied in the wake of the surprise departure of the firm's long-standing chief executive and founder John Borshoff amid a prolonged downturn in the uranium market."



'via Blog this'

Woes blamed on basket of factors | The Times Group

Woes blamed on basket of factors | The Times Group: "The World Bank has blamed Malawi’s continued economic problems on various factors including macro-economic policy reversals, ineffective public finance management, eruption of corruption scandals, weather shocks and unpredictable foreign aid.

Speaking to accountants at this year’s Institute of Chartered Accountants (Icam) Lakeshore Conference in Mangochi over the weekend, World Bank country manager for Malawi Laura Kullenberg said Malawi has in recent years suffered repeated episodes of growth followed by backsliding."



'via Blog this'

African Mining

African Mining: "Malawi Ministry of Natural Resources, Energy and Mining has concluded an agreement with Globe Metals and Mining Limited, to provide exploration and mining access rights to the Katengeza graphite prospect. "



'via Blog this'

Malawi starts online business registration | The Times Group

Malawi starts online business registration | The Times Group: "MALAWI on Monday switched on the Malawi Business Registration System which will see businesses registering online.

The new system is expected to reduce the amount of time taken to register a business from 39 days to 24 hours and help Malawi take a major leap on the World Bank doing business index where the country has ranked low for many years."



'via Blog this'

Malawi, Zambia sign energy agreement | The Times Group

Malawi, Zambia sign energy agreement | The Times Group: "MALAWI has entered into an energy cooperation agreement with Zambia which is expected to, among other things, facilitate the interconnection of electricity grids between the two countries to enable them exchange power resources."



'via Blog this'

Mutharika to ‘shake up’ government in reforms | The Times Group

Mutharika to ‘shake up’ government in reforms | The Times Group: "Mutharika to ‘shake up’ government in reforms
Posted By: Gregory Gondweon: September 03, 2015In: NationalNo Comments
VICE President Saulos Chilima yesterday announced that President Peter Mutharika has extended the mandate of the Public Service Sector Reform Commission and outlined drastic changes that it is set to carry out in the extra year that it has been given to operate."



'via Blog this'

Mutharika to ‘shake up’ government in reforms | The Times Group

Mutharika to ‘shake up’ government in reforms | The Times Group: "Mutharika to ‘shake up’ government in reforms
Posted By: Gregory Gondweon: September 03, 2015In: NationalNo Comments
VICE President Saulos Chilima yesterday announced that President Peter Mutharika has extended the mandate of the Public Service Sector Reform Commission and outlined drastic changes that it is set to carry out in the extra year that it has been given to operate."



'via Blog this'

New Hydro Power Plant in the Offing

New Hydro Power Plant in the Offing: "The Ministry of Natural Resources, Energy and Mining says it is conducting a feasibility study for construction of a new hydro power plant on the Shire River to enhance power supply to the national grid.
This comes at the back of challenges facing the existing hydro power plants on the Shire River owing to low water levels in Lake Malawi and silt in the river resulting from unprecedented environmental degradation."



'via Blog this'

Globe optimistic on Katengeza graphite | The Times Group

Globe optimistic on Katengeza graphite | The Times Group: "EMBATTLED Globe Metals Mining, which has courted controversy at Kanyika in Mzimba where it was exploring niobium minerals, sounds positive on the prospects of mining graphite at Katengeza in Lilongwe where the company holds another exploration licence."



'via Blog this'

Japan to fund Tedzani Power Station expansion | The Times Group

Japan to fund Tedzani Power Station expansion | The Times Group: "Japan to fund Tedzani Power Station expansion
Posted By: Kingsley Jassion: August 31, 2015In: BusinessNo Comments
Electricity Supply Corporation of Malawi (ESCOM) says the Japanese government will fund the expansion project of the Tedzani Hydro Power Plant whose works will start in 2016 and be completed in 2018 to add 22 megawatts to the country’s power grid"



'via Blog this'

South Africa’s Spar resurfaces with PTC | The Times Group

South Africa’s Spar resurfaces with PTC | The Times Group: "SOUTH Africa’s renowned retail brand, Spar, has returned to Malawi after it exited the country a few years ago following an unsuccessful stint on the  local market."



'via Blog this'

Paladin suspends uranium exploration work in Malawi – Mining Review (August 2015) | Mining in Malawi

Paladin suspends uranium exploration work in Malawi – Mining Review (August 2015) | Mining in Malawi: "PALADIN SUSPENDS URANIUM EXPLORATION WORK IN MALAWI – MINING REVIEW (AUGUST 2015)
31 August 2015 · by Rachel Etter · in Malawian Government, Mining Review (Marcel Chimwala), Paladin Kayelekera. ·
The piece “Paladin suspends uranium exploration work in Malawi” featured below was initially published in Malawi’s Mining Review Issue Number 28 2015 that is circulating this August 2015"



'via Blog this'

Scoping study proves up at Sovereign's Malawi project

Scoping study proves up at Sovereign's Malawi project: "PERTH (miningweekly.com) – A scoping study into the Duwi flake graphite project, in Malawi, has confirmed that the project could support the production of 110 000 t/y of graphite concentrate over an initial mine life of 20 years."



'via Blog this'

African Potash inks second fertiliser supply MOU | 1 September 2015 | Stock Market Wire

African Potash inks second fertiliser supply MOU | 1 September 2015 | Stock Market Wire: "StockMarketWire.com - African Potash has entered into a memorandum of understanding with a Malawian fertiliser supply company with a view to supplying it with in excess of 50,000 metric tonnes of fertilise"



'via Blog this'

Paladin bides time as uranium market turnaround gets underway

Paladin bides time as uranium market turnaround gets underway: TORONTO (miningweekly.com) – Dual-listed Paladin Energy has narrowed its 2015 after-tax net loss attributable to shareholders, saying it was optimistic about a long-awaited uranium market turnaround getting underway"



'via Blog this'

Uk Investors To Visit Malawi - The Maravi Post

Uk Investors To Visit Malawi - The Maravi Post: "A delegation of seventeen investors from the United Kingdom (UK) will be visiting Malawi from the 31st August to the 4th of September 2015 to explore investment opportunities that are available in the country. The visit is a follow up to the meetings which the investors had with Malawi’s Minister of Industry and Trade during his visit to London."



'via Blog this'

Malawi discovers new mineral deposits, eyes investors

Malawi discovers new mineral deposits, eyes investors - Yahoo News: "Blantyre (Malawi) (AFP) - Impoverished Malawi announced Thursday that new mineral deposits had been discovered in a $30-million geophysical survey sponsored by the World Bank and the European Union."



'via Blog this'

Blackouts to persist as Tedzani works commence | The Times Group

Blackouts to persist as Tedzani works commence | The Times Group: "Electricity supply Commission of Malawi has said preparations regarding the project that will add 22 megawatts power generation at Tedzani Intake are making progress.

The Project which will be implemented with support from the Japanese Government is expected to commerce next year and is expected to end in 2018.

Meanwhile, the contractor Mota Engil is closing the gates that control water "



'via Blog this'

GLOBE METALS TO DEVELOP MODERN TOWN AT KANYIKA

GLOBE METALS TO DEVELOP MODERN TOWN AT KANYIKA – MINING REVIEW (AUGUST 2015)

18 August 2015 · by Rachel Etter · in Globe Metals & Mining Kanyika, Mining Review (Marcel Chimwala). ·

The piece “Globe Metals to develop modern town at Kanyika” featured below was initially published in Malawi’s Mining Review Issue Number 28 2015 that is circulating this August 2015  To REad More

Escom to split into two

Escom to split into two | The Times Group: "A special committee has been set up by the Malawi government to oversee the unbundling of the Electricity Supply Corporation of Malawi (Escom) into two different entities as part of Malawi Power Market Restructuring being implemented with funding from the United States government."



'via Blog this'

Speculators blamed for kwacha stumble

Speculators blamed for kwacha stumble | The Times Group: "Experts have blamed speculative trading by foreign exchange players on the market for the recent fall in the value of the Malawi kwacha.

The Financial Dealers’ Association of Malawi (Fimda) and an economic analyst have said there is a general expectation on the market that foreign exchange reserves will deplete in the coming months and that players have started taking positions."



'via Blog this'

Malawi government taken by surprise on Chitipa-NE railway

Malawi government taken by surprise on Chitipa-NE railway | The Times Group: "Malawi government taken by surprise on Chitipa-NE railway
Posted By: Kingsley Jassion: July 15, 2015In: BusinessNo Comments
Malawi government is reported to have been taken by surprise with a proposal from the China Railway Number 2 Engineering Group Limited to construct a railway line from Chitipa to Nsanje"



'via Blog this'

More Egypt interest in Malawi’s tobacco | The Times Group

More Egypt interest in Malawi’s tobacco | The Times Group: "gypt’s major buyer of Malawi tobacco, Eastern Company, says once its cigarette manufacturing plant is put in place, Malawi will see increased earnings in tobacco exports.

Eastern Company through New Valley Company is expected to invest over US$250 million in a cigarette manufacturing plant in Lilongwe."



'via Blog this'

Our Comment

One remarkable thing about the recent revelations that something more than One billion dollars has gone missing from state coffers  is the absolute inactivity on the part of the government. Other than asinine Press Releases from the State House there have been  no indication of any  sense of urgency about the  matter. In many countries some senior people would have been  suspended to facilitate investigations. The Minister of Finance and Reserve Bank governor would have been fired for having completely failed to see such massive theft under their watch.

Njaunju murder: Governments asks for patience

Njaunju murder: Governments asks for patience: "The Malawi government has asked the general public at large to refrain from making speculations on the unsolved murder of Issa Njauju.
Njaunju was until his death the Director of the Corporate Affairs responsible for General Administration, Finance and Human Resource of the Anti Corruption Bureau (ACB).
He was found buried along the Lilongwe River near the presidential villas in the capital city, Lilongwe"



'via Blog this'

China signs three major projects with China

Home: "Malawi's city council of Blantyre has signed a pact with the China-Zambia and China-Tanzania Friendly Cultural Exchange Programme for the combined implementation of 11 projects in the capital and that the programme would be facilitated by the Chinese government."



'via Blog this'

Mkango to dual list on AIM in attempt to raise capital | Industrial Minerals

Mkango to dual list on AIM in attempt to raise capital | Industrial Minerals: "A weak investment environment and a set of minerals in a post-hype trough have left Mkango finding it difficult to raise capital on the TSX-V. The company hopes to find better fortune on London’s Alternative Investment Market."



'via Blog this'

Malawi's latest tobacco yields at $204.3m - business - News - StarAfrica.com

Malawi's latest tobacco yields at $204.3m - business - News - StarAfrica.com: "Malawi’s Tobacco Control Commission (TCC) latest statistics suggest that the country’s auction floors have sold $204.3million from tobacco compared to $183.4million during the same period last year.The report on Saturday said the cumulative traded volume during the period was at 116.8kilograms up from 105.5 million kilograms in the same time in 2014."



'via Blog this'

Goodall Gondwe partly blames low Diaspora remittance for Malawi woes - The Maravi Post

Goodall Gondwe partly blames low Diaspora remittance for Malawi woes - The Maravi Post: "Minister of Finance, Economic Planning and Development Goodall Gondwe on Wednesday said Malawi needs effective domestic resource mobilization to develop successfully. "



'via Blog this'

Globe Metals Ltd gets mining lease

Globe Metals Ltd gets mining lease | The Times Group: "Globe Metals Ltd gets mining lease
Posted By: Kingsley Jassion: July 08, 2015In: BusinessNo Comments
Globe Metals and Mining Limited has announced that its Mining Lease application with respect to the Kanyika Niobium Project has been approved by the Ministry of Natural Resources, Energy and Mining."



'via Blog this'

Mchinji-Tazara contractor on cards

Mchinji-Tazara contractor on cards | Zambia National Broadcasting Corporation: "President Edgar Lungu says the contractor engaged to connect the Mchinji Rail Line in Eastern Province to the Tanzania – Zambia Railway will soon mobilise and move on site.

President Lungu says the interconnection of the two Rail lines will help facilitate trade in the region."



'via Blog this'

Power demand surpasses supply

Power demand surpasses supply | The Times Group: "Power demand surpasses supply
Posted By: William Kumwembeon: July 08, 2015In: BusinessNo Comments
Barely two years after the commissioning of the Kapichira Hydro Power Station which saw Malawi’s power supply surpassing requirement, demand has increased sharply that it has now overtaken supply by nine megawatts."



'via Blog this'

Malawi nets $1 bln in prospective investments at trade forum

Malawi nets $1 bln in prospective investments at trade forum - Yahoo News: "LILONGWE (Reuters) - Malawi's first ever investment forum netted more than $1 billion in prospective investments, the trade minister said on Wednesday, as officials hoped the amount would rise to $10 billion once all proposed deals were concluded."



'via Blog this'

Malawi nets $1 bln in prospective investments at trade forum

Malawi nets $1 bln in prospective investments at trade forum - Yahoo News: "LILONGWE (Reuters) - Malawi's first ever investment forum netted more than $1 billion in prospective investments, the trade minister said on Wednesday, as officials hoped the amount would rise to $10 billion once all proposed deals were concluded."



'via Blog this'

Fuel coverage increases 100%

Fuel coverage increases 100% | The Times Group: "Malawi’s fuel coverage has jumped from a ten day cover experienced immediately after the 2012 scarcity to over 20 days cover now owing to improved inflow of the commodity over the years."



'via Blog this'

Fastjet to start flights to Malawi in July

Fastjet to start flights to Malawi in July - Proactiveinvestors (UK): "Fastjet (LON:FJET) is to launch its sixth international route after being granted permission to fly to Malawi from its base in Tanzania.

Flights between Dar es Salaam in Tanzania and Lilongwe, the capital of Malawi, will commence in July with tickets to go on sale immediately."



'via Blog this'

Malawian kwacha bucking the trend… for now | beyondbrics

Malawian kwacha bucking the trend… for now | beyondbrics: "In the last six to eight months, most emerging and frontier currencies have weakened against the US dollar. One explanation is the likelihood of the US Federal Reserve raising rates at its September policy meeting, making US assets comparatively attractive. Meanwhile, the possibility of a ‘Grexit’ is exacerbating the need for investors to buy safe haven assets, of which dollar assets are among the most "



'via Blog this'

Malawi, Mozambique discuss transit hurdles | The Times Group

Malawi, Mozambique discuss transit hurdles | The Times Group: "Malawi and Mozambique held bilateral trade talks in Maputo, Mozambique on Wednesday where they, among other things, discussed problems Malawian transporters face when moving goods to and through Mozambique."



'via Blog this'

"The government of Malawi through the Lilongwe University for Agriculture and Natural Resources (Luanar) has installed an equipment to detect levels of aflotoxin, a fungal disease in groundnuts.Luanar Principal Investigator, Virginia Mangwela, said Thursday that the groundnuts from Malawi and other Southern African Development Community (SADC) countries receive high rejection rate from European countries due to the disease."



'via Blog this'

Malawi cash scandal reaches SA

Malawi cash scandal reaches SA | News | Africa | M&G: "The Malawian authorities are investigating the Malawi Defence Force’s (MDF) payment of a whopping 1.9-billion kwacha (R60-million) to a South African company that allegedly provided nothing in return – and shifted half the money to its bank account in South Africa"



'via Blog this'

Chipata dry port to cost US$10m

Times of Zambia | East dry port to cost US$10m: "GOVERNMENT says the setting up of a dry port and other facilities at Chipata –Mchinji railway line is expected to gobble approximately US$10 million.
Eastern Province Permanent Secretary Chanda Kasolo disclosed in Chipata last Friday that a good number of facilities needed the services of the dry port"



'via Blog this'

Malawi's annual inflation slips to 19.5 percent in May - business - News - StarAfrica.com

Malawi's annual inflation slips to 19.5 percent in May - business - News - StarAfrica.com: "Malawi’s headline inflation for May stands at 19.5 percent compared to 22.6 percent for the same period last year, the statistics bureau said on Wednesday.According to the bureau, there is an increase of 0.7 percent from last month (April 2015)."



'via Blog this'

Malawi aims for $16 billion in potential investment from summit | Reuters

Malawi aims for $16 billion in potential investment from summit | Reuters: "Malawi's first ever investment forum aims to generate about $16 billion in potential investments, a senior trade official said on Wednesday."



'via Blog this'

PwC recommends further probe in K92bn Malawi cashgate: ‘Recover deleted database’ | Malawi Nyasa Times – Malawi breaking news in Malawi

PwC recommends further probe in K92bn Malawi cashgate: ‘Recover deleted database’ | Malawi Nyasa Times – Malawi breaking news in Malawi:



'via Blog this'

Mozambique: Japanese Support for Nacala Port Development

allAfrica.com: Mozambique: Japanese Support for Nacala Port Development: "The Japanese government, through the Japanese International Cooperation agency (JICA), is to provide 250 million US dollars for the second phase of the Development Project for the northern Mozambican port of Nacala."



'via Blog this'

Vale to ship coal along Mozambique Nacala Corridor in Q3 – exec

Vale to ship coal along Mozambique Nacala Corridor in Q3 – exec: " Brazilian miner Vale plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line, the firm's head of coal told Reuters on Friday."



'via Blog this'

Tobacco earnings hit US$153 million | The Times Group

Tobacco earnings hit US$153 million | The Times Group: "Tobacco earnings hit US$153 million
Posted By: Caroline Kandieroon: June 23, 2015In: BusinessNo Comments
The country’s tobacco earnings had by Wednesday last week hit US$153 million from sales of about 90 million kilogrammes of all types of tobacco at an average price of US$1.70 per kilogramme."



'via Blog this'

Malawi government plans tollgate fees on major roads

Malawi government plans tollgate fees on major roads | The Times Group: "Malawi government plans tollgate fees on major roads
Posted By: Kingsley Jassion: June 23, 2015In: BusinessNo Comments
Motorists will soon start paying user fees as the Ministry of Transport and Public Works has plans at an advanced stage to introduce tollgates along some busy highways to boost revenue collection."



'via Blog this'

Goodall Gondwe adjusts national budget

Goodall Gondwe adjusts national budget | The Times Group: "Goodall Gondwe adjusts national budget
Posted By: Macdonald Thomon: June 23, 2015In: NationalNo Comments
Minister of Finance Goodall Gondwe has announced that the 2015/2016 proposed budget has been revised upwards from K901 billion to K930 billion.

Gondwe said this yesterday in Parliament in his winding up statement on the debate on the national budget."



'via Blog this'

AECI buys stake in Malawian group - Companies

AECI buys stake in Malawian group - Companies | IOL Business: "JSE-LISTED chemicals and explosives manufacturer AECI has acquired a 100 percent stake in Malawian agrochemicals, seeds and spraying equipment distributor, Farmers Organisation Limited (FOL) from Rendale Holdings."



'via Blog this'

1 Month Uranium Prices and Price Chart

1 Month Uranium Prices and Price Chart: "

"



'via Blog this'

Positive returns on Malawi Stock Exchange | The Times Group

Positive returns on Malawi Stock Exchange | The Times Group: "The Malawi Stock Exchange (MSE) in the month of May registered a positive return on index, with a slight gain in the Malawi All Share Index (MASI) from 16024.62 percentage points in April to 16141.51 points."



'via Blog this'

9 US firms eye Malawi energy | The Times Group

9 US firms eye Malawi energy | The Times Group: "President Peter Mutharika says nine companies from the United States of America are prepared to invest in Malawi’s power sector through the Millennium Challenge Corporation (MCC) energy revitalisation initiative in the country."



'via Blog this'

Uranium Prices, Uranium Price Charts and Price Trends

Uranium Prices, Uranium Price Charts and Price Trends:



'via Blog this'

Malawi gets $69m W/Bank credit to revamp road infrastructure

Malawi gets $69m W/Bank credit to revamp road infrastructure » business » News - StarAfrica.com - News – StarAfrica.com: "he World Bank has approved a $69 million credit to help improve Malawi’s road and border post infrastructure connecting the country to regional trade corridors in southern Africa, the Washington-based lender said in a statement on Thursday.“Malawi being a landlocked country needs to be well-connected to ports and other key cities through good quality roads to help reduce transport costs which are one of the major obstacles to increasing trade and economic growth,â€� says Richard Record, Acting Country Manager for Malawi."



'via Blog this'

AfDB approves US$30m budgetary support for Malawi » business » News - StarAfrica.com - News – StarAfrica.com

AfDB approves US$30m budgetary support for Malawi » business » News - StarAfrica.com - News – StarAfrica.com: "AfDB approves US$30m budgetary support for Malawi
Posted by: APA Posted date : April 30, 2015 at 10:48 am UTC 45 views In : Business
African Development Bank (AfDB) has approved US$30 million budgetary support for Malawi, the bank announced Thursday.The bank said in a statement that the funds would help the country preserve the gains it made in expanding to basic services"



'via Blog this'

1 Year Uranium Prices and Price Chart

1 Year Uranium Prices and Price Chart: "

"



'via Blog this'

DailyNews Online Edition - Mtwara cement plant to offer 10,000 jobs

DailyNews Online Edition - Mtwara cement plant to offer 10,000 jobs: "Mtwara cement plant to offer 10,000 jobs




Details Published on Wednesday, 14 January 2015 07:47 Written by DAILY NEWS Reporter Hits: 3444
Africa’s richest person, Alhaj Aliko Dangote.
OVER 10,000 people are expected to be employed directly and indirectly at the Dangote Cement Factory at Msijute area in Mtwara Region, which is slated to commence production in August."



'via Blog this'

Boycott of South African Products in Malawi Not Backed by State - Bloomberg Business

Boycott of South African Products in Malawi Not Backed by State - Bloomberg Business: "Boycott of South African Products in Malawi Not Backed by State
Don't Miss Out — Follow us on: Facebook Twitter Instagram Youtube
by Frank Jomo
3:56 PM BST
April 23, 2015
Share on FacebookShare on Twitter

Recommended

These Are the Happiest Countries in the World

We Just Got Disappointing Manufacturing Data From All Around The World

Solar Costing a Third of Retail Power Emerges in Germany

Is China Ready to Take Care of Its Aging Population?
Malawi’s government said it doesn’t support a call by a consumer group for a boycott of South African products in protest against deadly attacks on foreign nationals in that country."



'via Blog this'

Light at the end of the tunnel for Uranium producers | The National

Light at the end of the tunnel for Uranium producers | The National: "Gavin du Venage, Foreign Correspondent, reports from Cape Town

Uranium producers have fared badly in the past five years, which could leave utilities struggling to find adequate fuel supplies until new mines are built."



'via Blog this'

Trades down, earnings rise on stock exchange - BNL Times

Trades down, earnings rise on stock exchange - BNL Times: "Trading during the first quarter of 2015 has generally been on the decline in both value and volumes on the Malawi Stock Exchange (MSE) but investors saw an increase in earnings per share on the bourse."



'via Blog this'

Investor forum slated for June - BNL Times

Investor forum slated for June - BNL Times: "The Malawi Investment and Trade Centre (MITC) has announced that it is organising the first ever international investment forum for Malawi in June this year where the Malawi brand will be marketing to international businesses.

MITC Chief Executive Officer, Clement Kumbemba told a press briefing in Lilongwe on Tuesday that about 300 prospective investors and officials from various key investment source countries are expected to attend the forum."



'via Blog this'

Malawi: Niobium sample outcome shows positive results-Official » business » News - StarAfrica.com - News – StarAfrica.com

Malawi: Niobium sample outcome shows positive results-Official » business » News - StarAfrica.com - News – StarAfrica.com: "Malawi’s Secretary for Natural Resources, Energy and Mining, Ben Botolo said on Tuesday that Niobium samples from Kanyika Mine, which were sent to China, had shown positive results of the mineral deposits.Globe Metals and Mining Company sent almost 40-tonne bulk to China for metallurgical testing"



'via Blog this'

Malawi: Coal Fired Power Plant in Neno Awaits Us$600 Million Loan Approval

allAfrica.com: Malawi: Coal Fired Power Plant in Neno Awaits Us$600 Million Loan Approval: "Malawi: Coal Fired Power Plant in Neno Awaits Us$600 Million Loan Approval
Blantyre — Malawi News Agency has learnt that the construction of a Coal Fired Power Plant-CFPP at Kamwamba in Neno awaits the approval of a US$600 million loan from the Chinese Government.

The construction would follow a contract agreement which Malawi signed with China Ghezouba Group Company-CGGC in June 2013.

1 Month Uranium Prices and Price Chart

1 Month Uranium Prices and Price Chart: "

"



'via Blog this'

Malawi: Regulatory Body Stops TNM From Increasing Tariffs

allAfrica.com: Malawi: Regulatory Body Stops TNM From Increasing Tariffs: "Tweet
Share
Google+
Comment
Email
More
RELATED TOPICS
Malawi
Malawi: Army Accused of Terrorising Citizens
Malawi: Organisers Promise Fireworks at Easte...
ICT
Zimbabwe: Econet Loses Tariff Appeal
Nigeria: Power Minister Hails Omatek Energy...
Mobile phone service provider, Telekom Networks Malawi (TNM) has reportedly been barred from hiking its tariffs by the Malawi Communications Regulatory Authority (MACRA) on grounds that the hike does not reflect the true costs of services the company is providing."



'via Blog this'

Globe Internet Limited and Tazca Connects Deploy 4G LTE-as-a-Service in Malawi's Capital Lilongwe - WSET.com - ABC13

Globe Internet Limited and Tazca Connects Deploy 4G LTE-as-a-Service in Malawi's Capital Lilongwe - WSET.com - ABC13: "ITASCA, Ill., March 24, 2015 /PRNewswire/ -- Globe Internet Limited and Tazca Connects Deploy 4G LTE-as-a-Service in Malawi's Capital City Lilongwe.  Lilongwe offers its population of 1 million people affordable Internet Access. 

Logo - http://photos.prnewswire.com/prnh/20150323/183693LOGO

Ranjan J Perera, Globe Internet Limited CEO stated that "We selected Tazca Connects for our Capital City because it is the most affordable, reliable and simple to operate LTE solution in the world."  With Tazca Connects we plan to deliver new Internet of Things (IoT) services including education, healthcare, commerce and training to businesses, schools, hospitals and residents.  This will stimulate economic growth by increasing access to information and rich content services," said Perera. "



'via Blog this'

Japan gives $48m grant for hydropower expansion project in Malawi - Power Technology

Japan gives $48m grant for hydropower expansion project in Malawi - Power Technology: "The Government of Japan has given a JPY5.77bn ($48m) grant to Malawi to upgrade the Tedzani electricity hydropower station in the African country.
The expansion project will raise the facilities' power generation capacity by 21.8MW.
Currently, the African country is facing a power crisis, which is affecting the local and the industrial sector.
A statement released by Japanese Embassy in Malawi read: "Currently, Malawi is faced with frequent power outages due to the shortage of power supply and this has negative implications on the lives of ordinary people as well as on industrial activities"



'via Blog this'

Malawi government courts 4 more airlines - BNL Times

Malawi government courts 4 more airlines - BNL Times: "The Malawi government has asked four international airline operators, including Fly Emirates and Qatar Airways to invest in Malawi’s air transport system.

Minister of Transport Francis Kasaila said in an interview that government is looking at opportunities to open up Malawi as a tourist destinatio"



'via Blog this'

Home

Home: "Songwe River basin project to cost over Sh 1trln
BY AISIA RWEYEMAMU
15th March 2015
Email
Print

Songwe River
Tanzania and Malawi will spend a total of $734,935,600 (over Sh1.3 trillion) for implementing a 10 year Songwe River Basin Development Programme (SRBDP) project that is expected to kick off this October. 
 "



'via Blog this'

"Songwe River basin project to cost over Sh 1trln

Home: "Songwe River basin project to cost over Sh 1trln
BY AISIA RWEYEMAMU
15th March 2015
Email
Print

Songwe River
Tanzania and Malawi will spend a total of $734,935,600 (over Sh1.3 trillion) for implementing a 10 year Songwe River Basin Development Programme (SRBDP) project that is expected to kick off this October. 
 "



'via Blog this'

Malawi Telecom seeks partners for fibre network - Telecompaper

Malawi Telecom seeks partners for fibre network - Telecompaper: "Malawi Telecommunications (MTL) is looking for joint venture partners in the private sector for the operation of its national fibre backbone. MTL CEO Harry Gombachika said his company wants co-ownership of the network to support a robust infrastructure and facilitate telecommunication services across the country,"



'via Blog this'

Malawian Airlines studying Dash 8-200 for thinner routes - ch-aviation.com

Malawian Airlines studying Dash 8-200 for thinner routes - ch-aviation.com: "Malawian Airlines (3W, Blantyre) is talking with lessors about the supply of 30-seater aircraft needed to serve thin routes in the Mozambican market. Since its founding in 2013, the carrier has operated a B737-800 and a Dash 8-400, sourced from parent Ethiopian Airlines (ET, Addis Ababa), on flights between Malawi's two main cities - Lilongwe and Blantyre - as well as to Mozambique, Zimbabwe, South Africa, Zambia, and Tanzania"



'via Blog this'

Power interconnection could be attained 2018 - BNL Times

Power interconnection could be attained 2018 - BNL TimesThe millennium Challenge Account – Malawi (MCA) has said Malawi could interconnect its power grid with neighbouring countries by 2018 when the Compact Project it is implementing would have been completed."



'via Blog this'

1 Month Uranium Prices and Price Chart

1 Month Uranium Prices and Price Chart: "

"



'via Blog this'

Malawi's taste for imports hurting economy, 6 March 2015

Malawi's taste for imports hurting economy, 6 March 2015: "Malawi's taste for imports hurting economy




printable version
6 March 2015

The country's import bill hit $2.8 billion in 2014 against $1.3 billion in export earnings

A growing appetite for imported foreign products among Malawian consumers is raising concerns about the trend's possible impact on the national economy."



'via Blog this'

1 Month Uranium Prices and Price Chart

1 Month Uranium Prices and Price Chart:



'via Blog this'

Macra U-turns on mobile phone bid - BNL Times

Macra U-turns on mobile phone bid - BNL Times: "The Malawi Communications Regulatory Authority (Macra) has reversed a decision by the institution’s previous board by reopening licensing negotiations with a prospective fourth mobile phone company, Lacell Limited."



'via Blog this'

ABB wins contract for power supply improvement in Malawi - Clean Technology Business Review

ABB wins contract for power supply improvement in Malawi - Clean Technology Business Review: "Return to: CTBR Home | Energy Management | Energy Infrastructure

Energy Infrastructure News
ABB wins contract for power supply improvement in Malawi
CTBR Staff Writer
Published 04 March 2015
Switzerland-based ABB has secured a contract to provide a network monitoring and control solution for the power supply improvement in Malawi, southern Africa."



'via Blog this'

Oil licence reviews concludes in March - BNL Times

Oil licence reviews concludes in March - BNL Times: "The Ministry of Natural Resources, Energy and Mining says it is still in the process of scrutinising licences given to companies for exploration of oil and gas in the country and expects to conclude the exercise by mid-March."



'via Blog this'

Millennium Challenge Account says Malawi compact on track - BNL Times

Millennium Challenge Account says Malawi compact on track - BNL Times: "The Millennium Challenge Account says the US$350.7 million power compact project being financed by Millenium Challenge Account Malawi (MCA-M) to rehabilitate Malawi’s electricity infrastructure is on track and wants the country to continue making progress.

MCA-M deputy chief executive officer, Lameck Mithi, says the project will have to be implemented within the scheduled five year period as failure to do so will result into Malawi funding the completion of the projects in its own."



'via Blog this'

‘Workers, residents exposed to radiation’ - BNL Times

‘Workers, residents exposed to radiation’ - BNL Times: "Workers and the community around Kayerekera Uranium Mine in Karonga are exposed to radiation which puts them at risk of cancer, a report has revealed.

The report titled ‘The impact of the Kayerekera Uranium Mine Malawi’ dated February 12, 2015 follows an assessment which was carried out in 2012 following a public outcry from the community around the mine that the extractive industry was impacting negatively on their lives.



'via Blog this'

3 Reasons to Be Bullish on Uranium - Investment U

3 Reasons to Be Bullish on Uranium - Investment U: "Just as many energy markets are looking very unhealthy, one is coming back from the dead. And that market is uranium. The green-glowing power source is ramping up, catching the bears with their fur down as it sets its sights on higher prices.

And that should mean an even BIGGER move for uranium miner"



'via Blog this'

Malawi hosts regional power conference - business - News - StarAfrica.com

Malawi hosts regional power conference - business - News - StarAfrica.com: "You Are Here: Home » business » Malawi hosts regional power conference
Malawi hosts regional power conference
Posted by: APA Posted date : February 23, 2015 at 9:40 am UTC 12 views In: Business
The Electricity Supply Corporation of Malawi (ESCOM) is hosting the Power Institute of Eastern and Southern Africa conference on technical rationalization that opens in the resort district of Mangochi on Monday and runs until 25 February.A statement from ESCOM said the conference was aimed at achieving economies of scale with local manufacturers in an effort to enhance electrification in the region."



'via Blog this'

Uranium spot price expected to push through $40/lb this week: Cantor Fitzgerald - Proactiveinvestors (AU)

Uranium spot price expected to push through $40/lb this week: Cantor Fitzgerald - Proactiveinvestors (AU): "Uranium spot price expected to push through $40/lb this week: Cantor Fitzgerald
Wednesday, February 18, 2015 by Deborah Bacal

The uranium spot market will likely see some big moves this week, according to analysts at Cantor Fitzgerald, after two of the world's largest uranium mines encountered supply disruptions."



'via Blog this'

Malawi in 'desperate need' of donor support, president tells World Bank

Malawi in 'desperate need' of donor support, president tells World Bank: "Malawi in ’desperate need’ of donor support, president tells World Bank

Monday, 16 February 2015 00:20 Posted by Shoaib-ur-Rehman Siddiqui 72
BLANTYRE: Malawian President Peter Mutharika pleaded Sunday with the World Bank to consider resuming aid to the poor southern African nation, saying it was in "desperate need of donor support"."



'via Blog this'

Ministry to improve power supply

Ministry to improve power supply: "Ministry of Energy And Mining has disclosed by mid next year, the country will have 100 additional megawatts of electricity added to the national electricity grid using solar power.
Minister responsible Mr. Atupele Muluzi said after visiting Mkula Power Hydro power station that government is devising other sources of energy to meet the national demand of electricity.
So far he said his ministry has secured 100 million United States Dollars for 50 megawatts out of the 100 megawatts to be produced using solar."



'via Blog this'

Flood Devastation Forces Malawi to Cut Growth Forecast for 2015 - Bloomberg Business

Flood Devastation Forces Malawi to Cut Growth Forecast for 2015 - Bloomberg Business: "(Bloomberg) -- Malawi’s growth in 2015 will fall short of the 5.8 percent projected at the beginning of the year because of the damage massive floods have caused to the country’s farming industry, said President Peter Mutharika.
“The damage caused by the flood disaster to the economy is estimated at 23.9 billion kwacha ($53 million), excluding the cost of the relief program currently underway,” Mutharika said Tuesday in his state of the nation address, broadcast from the capital, Lilongwe"



'via Blog this'

Mkango Resources Announces Update on Thambani Project | Resource Investing News

Mkango Resources Announces Update on Thambani Project | Resource Investing News: "Mkango Resources Announces Update on Thambani Project
Tuesday January 20, 2015, 8:09am PST
Mkango Resources Ltd. (TSXV:MKA) announced an update on the Thambani Project in southern Malawi. The project is focused on zones of anomalous uranium and associated niobium and tantalum targets across the Thambani Massif.

As quoted in the press release,"



'via Blog this'

Paladin lowers 2015 guidance, studies reopening of Malawi mine

Paladin lowers 2015 guidance, studies reopening of Malawi mine: "
PERTH (miningweekly.com) – Uranium miner Paladin Energy on Monday reported a 79% quarter-on-quarter increase in sales revenue for the three months ended December."



'via Blog this'

Malawi's foreign reserves rise to US$608 million - business - News - StarAfrica.com

Malawi's foreign reserves rise to US$608 million - business - News - StarAfrica.com: "Malawi’s foreign reserves rise to US$608 million
Posted by: APA Posted date : January 15, 2015 at 2:25 pm UTC 21 views In: Business
The Reserve Bank of Malawi (RBM) said Thursday that the country’s official foreign reserves continue its upward trend, rising to US$608 million last week from US$586.11 million at the end of December 2014.The central bank said in a statement issued on Thursday that the figure consolidates a three months of import cover which is the internationally recommended threshold."



'via Blog this'

Government secures US$50million for Tedzani II project - BNL Times

Government secures US$50million for Tedzani II project - BNL Times: "Government has secured US$50 million for the upgrading of the Tedzani Hydro Power station from an undisclosed source and works on the project will start in March.

Minister of Energy and Mining, Atupele Muluzi, told journalists in Lilongwe that the project is part of the four-year plan meant to double the national power output to cope with demand."



'via Blog this'

Mkango Renews Songwe Licence and Provides Corporate Update - MarketWatch

Mkango Renews Songwe Licence and Provides Corporate Update - MarketWatch: "CALGARY, ALBERTA, Jan 12, 2015 (Marketwired via COMTEX) -- Mkango Resources Ltd. (MKA) (the "Corporation" or "Mkango"), is pleased to announce that the Government of Malawi has granted a further two year renewal for Exclusive Exploration Licence ("EPL") 0284/10R ("the Phalombe Licence"), in southeast Malawi. Mkango's flagship project, the Songwe Hill rare earth project is located in the Phalombe Licence."



'via Blog this'