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