Mw-Moz interconnection to commence in 2018 | The Times Group

Mw-Moz interconnection to commence in 2018 | The Times Group: Government says it would take another two years before commencing the power tapping process from neighbouring Mozambique following a decision by the two countries to redesign the power tapping mode.

MCA optimistic to beat deadline | The Times Group

MCA optimistic to beat deadline | The Times Group: "The Millennium Challenge Account Malawi (MCA-M) is optimistic of completing all its project plans before the end of the project period slated for December 2017.

MCA is implementing the Compact Project through funding from the US Government focusing largely on developing Malawi’s energy sector.

MCA-M Chief Executive Officer, Susan Banda, told journalists in Blantyre on Tuesday that the firm has already made good progress in the project implementation and that they are on the right track to absorb all the US$350 million funding before the project period expires."



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Paladin still seeks exploration licence | The Times Group

Paladin still seeks exploration licence | The Times Group: Paladin Energy Limited says the review process of the Mines and Minerals Act has delayed the provision of another exploration licence as the company seeks to expand its designated mining territory in Karonga.

Malawi government faults Tanzania’s airline on flight suspension | News Ghana

Malawi government faults Tanzania’s airline on flight suspension | News Ghana: The Tanzanian airline had cited the depreciation of Malawi currency, the Kwacha, and Malawi government’s failure to give the airline an extra route from Kamuzu International Airport (KIA) in Lilongwe to Chileka International Airport in Blantyre as the reasons for the suspension of the flights.

Nocart supplies power plants to Africa

Nocart supplies power plants to Africa: "Finnish Nocart has made delivery contracts of three distributed power plants to Africa. Two plants will be delivered in Malawi and one in Nigeria.

Total value of the deliveries is 12.9 million euros which is over threefold compared with Nocart’s revenue in 2015.

The plants in Malawi are solar–diesel hybrid off-grid power plants with 1-2 MWh energy storages. The plant in Nigeria is an off-grid hybrid plant using solar and sawdust.

Nocart delivers distributed power plants combining solar, wind, bio and other energy sources for electricity production. Power management units of the plants use Nocart’s software that controls the production, storage and distribution of power.

“We have been working in Africa for two years and have identified a project pipeline of 400 million euros worth of high quality potential projects where we aim to participate during the next five years. These three signed projects are our first megawatt class deals and we expect this rapid growth to continue over the coming years,” tells Nocart CEO Vesa Korhonen.

‘Malawi’s economy is in God’s hands’ | Malawi24 - All the latest Malawi news

‘Malawi’s economy is in God’s hands’ | Malawi24 - All the latest Malawi news: Minister of finance and economic affairs Goodall Gondwe has claimed that the future of economic stability in the country is in the hands of God.
In an interview with Malawi24, Gondwe emphatically maintained that without the will of God to make Malawi’s economy stable, nothing may work to the expectations of Malawians.

Chinese lose nterein Kanyika project

Tech metals are in favour: " Last month we reported that the Chinese controlled Globe Metals & Mining (GBE) was no longer pushing ahead with its niobium project in Malawi."



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Geophysical data now accessible to investors | The Times Group

Geophysical data now accessible to investors | The Times Group: After waiting for some six months, investors in the mining sector can now access the countrywide geophysical data which was acquired through an Air borne Geophysical Survey under the Mining Governance and Growth Support Project cofinanced by the World Bank and European Union.

Stalemate on electricity deal | The Times Group

Stalemate on electricity deal | The Times Group: Malawians will have to live with the endless power outages as well as exorbitant electricity tariffs following revelations that discussions between Electricity Supply Corporation of Malawi (Escom) and prospective Independent Power Producers (IPPs) on generation of electricity have reached a stalemate.

Malawi Airlines boosts Ethiopian links | The Times Group

Malawi Airlines boosts Ethiopian links | The Times Group: "Ethiopian Airlines says its strategic partnerships with Malawian Airlines and Asky Airlines in Togo have played a vital role in availing convenient connections, as well as increasing frequencies to support air travel growth in Africa. Ethiopian Airlines group chief executive officer, Tewolde Gebremariam, told Ethiopia’s The Financial newspaper that the partnerships with the airlines in Malawi and Togo have made it possible for the airline to acquire a new fleet of Bombadier Q400 jets."



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Chinese company to invest in new hotel, cigarette plant | The Times Group

Chinese company to invest in new hotel, cigarette plant | The Times Group: "China Lilongwe Grand Holdings Corporation Limited (CLGHC) has announced plans to invest US$100 million in five star hotel and cigarette manufacturing projects in Malawi. The two projects – to be both located in Lilongwe, are expected to create over 3,000 jobs. CLGHC chief executive officer Jeff Zhang said his company was among the Chinese companies that attended the first ever Malawi Investment Forum."



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