Facing the brutality of high lending rates | The Times Group

Facing the brutality of high lending rates | The Times Group: In February 2015, Blantyre-based businessman Richard Chaponda had a rude awakening when officers from one of the commercial banks in the country stormed his Dika Hotel in Chirimba to repossess it over a loan he had obtained from the bank in 2012

IMF projects Malawi 2016 growth at 4% | The Times Group

IMF projects Malawi 2016 growth at 4% | The Times Group: The International Monetary Fund (IMF) has projected Malawi’s economy to grow between 3 and 4 percent in 2016, subject to weather conditions.

The fund has since pegged Malawi’s gross domestic product (GDP) for 2015 at 3 percent.

In a statement issued at the end of a review mission in Malawi on Wednesday, the IMF also expects Malawi’s inflation to continue going down.

IMF declares Malawi fit for Extended Credit Facility | News24

IMF declares Malawi fit for Extended Credit Facility | News24: "Lilongwe - The International Monetary Fund (IMF) has declared that Malawi is on track to revive the Extended Credit Facility (ECF) programme due to good management of domestic finance since September 2015.

The ECF, a tool for medium-term financial support, was approved in July 2012 and is aimed at low income member states such as Malawi, local newspaper Nyasa Times reported."



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Nacala Corridor wagon lease signed - Railway Gazette

Nacala Corridor wagon lease signed - Railway Gazette: AFRICA: Northern Mozambique railway concessionaire Corredor De Desenvolvimento Do Norte has signed a five-year agreement to lease 100 grain wagons from GPR Leasing Africa for use between Bakhresa Malawi Ltd’s grain terminal at the Port of Nacala and a milling and packing plant in Malawi

Malawi kwacha seen stabilising, 2016 growth pegged at over 4 percent

Malawi NEWSNow � Malawi kwacha seen stabilising, 2016 growth pegged at over 4 percent: LILONGWE�(Mabvuto Banda and Ed Stoddard, 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 sai

Malawi NEWSNow � Malaw govt to issue and sign power purchasing agreement this year

Malawi NEWSNow � Malaw govt to issue and sign power purchasing agreement this year: Government through the Electricity Corporation of Malawi (ESCOM) said it will issue and sign the first Power Purchase Agreement (PPA) in the first quarter of 2016.

Nacala transit time reduced 50 percent | The Times Group

Nacala transit time reduced 50 percent | The Times Group: Transit time for goods between Liwonde in Malawi and the port of Nacala in Mozambique has been reduced to just two days from four days following rehabilitation of the railway line by Vale International.

Zambia Impounds 28 Maize Trucks On Way to Malawi - allAfrica.com

Zambia Impounds 28 Maize Trucks On Way to Malawi - allAfrica.com: The Zambia Revenue Authority (ZRA) has reportedly impounded 28 maize-laden trucks destined for Malawi.

According to Times of Zambia, the vehicles did not have export permits from Zambia's ministry of agriculture

Malawi, France to Launch Mapping of Geological Resources Wealthy U.S$12 Million - allAfrica.com

Malawi, France to Launch Mapping of Geological Resources Wealthy U.S$12 Million - allAfrica.com: Lilongwe — The New French Ambassador Laurent Delahousse, disclosed that there is a big development between Malawi and Government of France which is yet to be launched on mapping of geological resources of the country

China's economic downturn 'will not affect' projects in Malawi - Capital Radio Malawi

China's economic downturn 'will not affect' projects in Malawi - Capital Radio Malawi: The government of Malawi has played down suggestions that delays in the commencement of the Chinese funded projects in the country are due to the economic challenges China is facing.

Lake Malawi oil licences retained | The Times Group

Lake Malawi oil licences retained | The Times Group: The Malawi government has maintained all oil and gas exploration licencees that were awarded before the suspension of exploration work in 2014 by President Peter Mutharika over suspected irregularities in the licencing.

Northern Development Corridor in Mozambique leases 100 railway waggons | Macauhub English

Northern Development Corridor in Mozambique leases 100 railway waggons | Macauhub English: The Northern Development Corridor (CDN) company in Mozambique has signed a five-year lease contract with South Africa’s GPR Leasing Africa under which it will receive 100 grain hopper waggons, GPR said

What's needed to help mining minnows get off the ground in Africa

What's needed to help mining minnows get off the ground in Africa: Malawi has aspirations to increase mining contributions to GDP from 1% to 20% by 2020. But community-company relations in the mining sector are typical of those across the continent: not good. This, in turn, is not good for investment in the sector

AfDB mission in Malawi to assess progress - Africa - News - StarAfrica.com

AfDB mission in Malawi to assess progress - Africa - News - StarAfrica.com: AfDB mission in Malawi to assess progress
Posted by: APA Posted date : March 6, 2016 at 8:33 pm UTC 15 views In : Africa
A team of experts from the African Development Bank (AfDB) arrived in Malawi on Sunday for a week-long meeting with the government to determine the extent of its development over the past few years. The mission is scheduled to hold from Monday to Friday

Malawi opens consulate and trade office at Tete | The Times Group

Malawi opens consulate and trade office at Tete | The Times Group: Malawi has finally opened a consulate and trade office at Mozambique’s booming city of Tete to operate as a regional marketing office for Malawi’s products.

Malawi’s Minister of Trade and Industry, Joseph Mwanamvekha, officially opened the office on Friday while in Tete where he led Malawi’s delegation during bilateral trade talks with Mozambique.

AfDB mission in Malawi to assess progress - Africa - News - StarAfrica.com

AfDB mission in Malawi to assess progress - Africa - News - StarAfrica.com: A team of experts from the African Development Bank (AfDB) arrived in Malawi on Sunday for a week-long meeting with the government to determine the extent of its development over the past few years. The mission is scheduled to hold from Monday to Frida

Nacala corridor signs $8m rolling stock deal; port tender delayed - Zitamar

Nacala corridor signs $8m rolling stock deal; port tender delayed - Zitamar: The Corredor De Desenvolvimento Do Norte (CDN), comprising Mozambique’s northern rail network, Malawi’s rail system, and the Port of Nacala, has signed a 5-year, ZAR 120 million ($7.7 million) deal to lease 100 grain wagons from GPR Leasing, a joint venture between South African logistics firm Grindrod, and the Pembani Remgro Infrastructure Fund (PRIF).

Companies from Mozambique, China and South Africa build pipeline in Mozambique | Macauhub English

Companies from Mozambique, China and South Africa build pipeline in Mozambique | Macauhub English: "Public and private companies from Mozambique, South Africa and China signed a cooperation agreement that focuses on building a large diameter pipeline with a length of 2,600 kilometres costing US$6 billion, reported the South Africa’s SacOil."



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