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."



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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."



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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"



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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."



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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"



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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."



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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."



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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."



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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. "



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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."



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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."



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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."



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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."



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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."



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