CFTC approves MSB, FDH merger | The Times Group

CFTC approves MSB, FDH merger | The Times Group: Close to a year after, purchase of a majority shares in the then government-owned Malawi Savings Bank (MSB) by FDH Financial Holdings Limited, the Competition and Fair Trading Commission (CFTC) has approved the merger of MSB and FDH Bank which became necessary following the deal.

Second investment forum slated for Oct 2016 | The Times Group

Second investment forum slated for Oct 2016 | The Times Group: After a successful investment forum last year, Malawi will once again host the second event in October this year.

The first ever Malawi Investment Forum (MIF) which was held in June last year raked in investment commitments of over US$1.5 billion by August from the initial US$1.1 billion on the closure of the forum.

Malawi to explore oil, gas despite low price - News - This is Africa

Malawi to explore oil, gas despite low price - News - This is Africa: "Malawi is exploring prospects for its domestic oil and gas industry in the hopes of changing the country's economic landscape, despite low global prices and bearish outlooks for energy markets among international investors."



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Gloomy first-round maize production estimates | The Times Group

Gloomy first-round maize production estimates | The Times Group: "The results of first-round of 2015/16 agriculture production estimates survey that the Ministry of Agriculture, Irrigation and Water Development released yesterday show that national maize production is projected at 2,719,425 metric tonnes which is two percent lower than the 2014/15 final-round estimate."



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5 Unanswered Questions on Exploration of Oil & Gas in Malawi’s Lake & Land (PWYP Malawi Press Release, 18 Feb 2016) | Mining in Malawi

5 Unanswered Questions on Exploration of Oil & Gas in Malawi’s Lake & Land (PWYP Malawi Press Release, 18 Feb 2016) | Mining in Malawi: All of Lake Malawi and part of Malawi’s land including the Shire River Basin have been divided into six blocks for exploration of oil and gas. Between 2012 and 2014, the Government of Malawi issued six petroleum exploration licences

Mota-engil Gets Gold Mining License

Mota-engil Gets Gold Mining License: Again without public scrutiny and debate, the government of Malawi has quietly issued a gold mining license� to Mota-engil, a company mostly associated with construction and transport works in Malawi. The conglomerate is expected to mine for gold and alluvial gold in Ntcheu district.

RBM happy with reserves position | The Times Group

RBM happy with reserves position | The Times Group: "he Reserve Bank of Malawi (RBM) says despite the continued depreciation of the Malawi kwacha currency, it is comfortable with the level of foreign exchange stocks in the country both at the central bank and within the private sector.

Latest figures show that Malawi is currently sitting on about US$900 million in foreign exchange reserves, of which US$600 million is at RBM while US$300 million is with commercial banks"



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Malawi government restricts imports of cement, other products | The Times Group

Malawi government restricts imports of cement, other products | The Times Group: The Malawi government has introduced import restrictions for cement and other four products which will now require import licences in an effort to curb smuggling of the products in the country.

Mapeto DWS retrenches 300 employees | The Times Group

Mapeto DWS retrenches 300 employees | The Times Group: Mapeto DWS, formerly known as David Whitehead and Sons Limited, the biggest textile making manufacturer in the country, last week laid off 300 of its employees due to what it says is a difficult economic situation.

AfDB approves $300m for Mozambique, Malawi projects - business - News - StarAfrica.com

AfDB approves $300m for Mozambique, Malawi projects - business - News - StarAfrica.com: The African Development Bank (AfDB) has approved a long-term loan of US$300 million to finance part of the cost of a railway project and the port of Nacala in Mozambique that will also benefit Malawi, the bank said on Thursday.The AfDB said in a statement that of the amount, Malawi would have a direct benefit of US$83.6 million to help finance the construction of a 912-km railway line from Mozambique’s coal province of Moatize to the port of Nacala via Malawi.

Drought shrunk 2015 exports by US$300m | The Times Group

Drought shrunk 2015 exports by US$300m | The Times Group: Effects of drought experienced in the country in the 2014/15 growing season saw the export base earnings shrinking by US$300 million, the Reserve Bank of Malawi (RBM) has said

Mining sector to launch new initiative - Capital Radio Malawi

Mining sector to launch new initiative - Capital Radio Malawi: Stakeholders in the mining sector are launching the Malawi Chamber of Mines and Energy aimed at pushing the government to open up the sector. The chamber comes at a time when there are growing calls for the government to improve how it handles mining deals and issues of mining in general.

Malawi's 2016 growth pegged at over 4 percent, kwacha seen stabilising | Reuters

Malawi's 2016 growth pegged at over 4 percent, kwacha seen stabilising | Reuters: By Ed Stoddard and Mabvuto Banda

LILONGWE (Reuters) - Malawi should see economic growth pick up to more than 4 percent in 2016 from about 3 percent last year as the country recovers from a drought caused by the El Nino weather pattern, its finance minister said.

Malawi government secures US$30 million insurance policy for cushioning El Ni�o impact - The Maravi Post

Malawi government secures US$30 million insurance policy for cushioning El Ni�o impact - The Maravi Post: The Malawi government through the Department of Disaster Management Affairs (Dodma) in the office of the Vice President has secured a US$30 million insurance policy from African Risk Capacity Program (ARCP) in a bid to cushion any impact El Ni�o will have towards farmers’ low yield end of 2015/2016 growing season