Malawi-China Investment Forum: APM Advances Industralization Drive For Economic Emancipation | Malawi Voice

Malawi-China Investment Forum: APM Advances Industralization Drive For Economic Emancipation | Malawi Voice: "Malawi’s transition from aid to trade demands massive industrialization drive which should be underlined by building capacity among local investors and courting foreign investors into the economy, says President Arthur Peter Mutharika.

He was speaking in Lilongwe on Tuesday when he opened the Malawi-China Investment Forum. “We have a broader investment agenda because we are broadening and diversifying the sources of our economy. We are moving Malawi from a consuming and importing economy to a producing and exporting economy. Therefore, you have come at the right time in our history, “ said the President."



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Part of IMFs US$ 76.8million To Go Towards Maize Procurement-Goodall | Malawi Voice

Part of IMFs US$ 76.8million To Go Towards Maize Procurement-Goodall | Malawi Voice: "Part of IMFs US$ 76.8million To Go Towards Maize Procurement-Goodall
By Malawi Voice Reporter on June 21, 2016No Comment

Finance Minister Goodall Gondwe
Finance Minister Goodal Gondwe on Tuesday disclosed that part of US$76.8million approved by the International Monetory Fund (IMF) is to be channeled toward procurement of maize"



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World Bank Pegs Malawi’s Growth at 2.6 %

World Bank Pegs Malawi’s Growth at 2.6 %:



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Rail targeted for fuel imports | The Times Group

Rail targeted for fuel imports | The Times Group: "The National Oil Company of Malawi (Nocma) is planning to maximise use of the Nacala Port as an alternative route for transporting fuel imports as concerns surrounding petroleum products coming into the country through Beira deepen."



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Malawi, Mozambique partner to boost revenue collection | The Times Group

Malawi, Mozambique partner to boost revenue collection | The Times Group: "he Malawi Revenue Authority (MRA) says the Government of Malawi and Mozambique have reached an agreement which will see MRA and the Mozambique Revenue Authority signing a new Memorandum of Understanding (MoU) to facilitate effectiveness on matters relating to revenue collection."



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Inflation makes u-turn in May | The Times Group

Inflation makes u-turn in May | The Times Group: "After months of deceleration, Malawi’s headline inflation made a u-turn and started rising as food prices surged.

Ironically, the food prices have started to rise barely two months after harvest, a sign that the worst is yet to come.

According to the National Statistical Office (NSO) headline inflation inched up by 0.6 percentage points from 20.9 percent in April to 21.5 percent."



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PCL forecasts stability over next six months | The Times Group

PCL forecasts stability over next six months | The Times Group: Dual listed conglomerate, Press Corporation Limited (PCL), says despite Malawi’s economic outlook being mixed and murky, prospects are high for a stable macro-economic environment as most economic fundamentals have taken on a positive trajectory.

French-financed Geological Mapping and Minerals Assessment Project Launched in Malawi | Mining in Malawi

French-financed Geological Mapping and Minerals Assessment Project Launched in Malawi | Mining in Malawi: Yesterday on�15 June 2016, Hon Bright Msaka SC, Malawi’s Minister for Natural Resources, Energy and Mining launched�the five-year Geological Mapping and Mineral Assessment Project (GEMMAP) in Lilongwe. The Government of France through a grant is supporting the project that aims to acquire geo-scientific and mineral occurrence data to be used to promote and maximise the mining sector’s contribution to the country’s socio-economic development.

Malawi-China Investment Forum: APM Advances Industralization Drive For Economic Emancipation | Malawi Voice

Malawi-China Investment Forum: APM Advances Industralization Drive For Economic Emancipation | Malawi Voice: Malawi’s transition from aid to trade demands massive industrialization drive which should be underlined by building capacity among local investors and courting foreign investors into the economy, says President Arthur Peter Mutharika.

Down but not out: Africa's uranium producers - African Business Magazine

Down but not out: Africa's uranium producers - African Business Magazine: "Located in the northwest of Malawi’s Karonga district, just a few kilometres from the border crossing with Tanzania at Songwe, the once highly populated and internationally known Kayelekera uranium mine is now abandoned.

In 2014, mining operator Paladin Africa Limited (PAL), a subsidiary of Australian Paladin Energy, suspended production due to falling prices for uranium coupled with high operating costs."



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Africa: Tanzania-Zambia Railway Wins Deal to Transport Malawi Fuel - allAfrica.com

Africa: Tanzania-Zambia Railway Wins Deal to Transport Malawi Fuel - allAfrica.com: "Malawi government has contracted Tanzania-Zambia Railway Authority (TAZARA) to transport 48 million litres of petroleum products from Dar es Salaam port in the next 12 months, starting from next month."



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Malawi President Peter Mutharika on Tuesday urged Chinese

Coastweek - The most from the coast: Malawi President Peter Mutharika on Tuesday urged Chinese investors to venture into various enterprises in Malawi to help promote the country’s agenda of increasing exports.

Mutharika extended the invitation during the launch of Malawi-China Investment Forum held in Malawi Capital, Lilongwe, where over 300 business captains from Malawi and China’s Anhui Province met to discuss business deals.

The Malawi leader described China as one of Malawi’s best friends and trading partners.

“We are moving Malawi from aid to trade,” said Mutharika in his keynote address. “This demands that we must be producing and exporting in several sectors.”

IMF extends Malawi loan programme, adds $80 mln for drought measures | Daily Mail Online

IMF extends Malawi loan programme, adds $80 mln for drought measures | Daily Mail Online: LILONGWE, June 20 (Reuters) - The International Monetary Fund (IMF) will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country.

The IMF said it was also augmenting Malawi's Extended Credit Facility (ECF) arrangement, signed in 2012, by another six months with funding equivalent to $49.2 million

Rail transit time to improve | The Times Group

Rail transit time to improve | The Times Group: The Central East African Railways (Cear) has said transit time for goods is expected to improve following rehabilitation works on the Limbe – Nkaya rail line.

Cear last year embarked on a multi-million kwacha rehabilitation works of the rail line expected to be complete next year.

Rail transit time to improve | The Times Group

Rail transit time to improve | The Times Group: The Central East African Railways (Cear) has said transit time for goods is expected to improve following rehabilitation works on the Limbe – Nkaya rail line.

Cear last year embarked on a multi-million kwacha rehabilitation works of the rail line expected to be complete next year.

The company’s Communications and Corporate Image Manager Chisomo Mwamadi said Cear targets to improve the transport industry in the country.

He said the rehabilitation works will help improve transit time as most customers complained of delays.

‘Power agreements could end blackouts’ | The Times Group

‘Power agreements could end blackouts’ | The Times Group: "Malawi, with its perennial power shortages, is expected to benefit from power trading agreements which the Southern African Power Pool is pioneering in some countries on the African continent including Botswana, South Africa, Mozambique, Lesotho, Zambia and Zimbabwe."



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Kotug starts operations in Mozambique

Kotug starts operations in Mozambique: Kotug Mozambique has commenced exclusive port and terminal towage services with two powerful Rotortugs in the new port of Nacala-a-Velha in northern Mozambique, for Nacala Development Corridor (CDN). Operations are being supported by local management and experienced crew.

More blackouts ahead | The Times Group

More blackouts ahead | The Times Group: The Electricity Supply Corporation of Malawi (Escom) says Malawians should expect more blackouts in the days ahead as the utility grapples with a fresh challenge of low water levels in Lake Malawi.

Mozambique: Vale Ceases Use of Sena Line - allAfrica.com

Mozambique: Vale Ceases Use of Sena Line - allAfrica.com: Maputo — The Brazilian mining company Vale has stopped using the Sena railway line to transport coal from its mine at Moatize in the western Mozambican province of Tete to the port of Beira, following two attacks on its trains last week by gunmen of the rebel movement Renamo.

Mozambique: New Investments Planned for Nacala Railways - allAfrica.com

Mozambique: New Investments Planned for Nacala Railways - allAfrica.com: "
Mozambique: New Investments Planned for Nacala Railways
The rail corridor from the northern Mozambican port of Nacala-a-Velha to the Moatize coal basin in Tete province will receive three billion US dollars of new investment to boost its capacity to transport the coal produced in Moatize, according to the Mozambican government spokesperson, Deputy Health Minister Mouzinho Saide.

Speaking on Tuesday at the end of the weekly session of the Council of Ministers (Cabinet) he said that 1.9 billion dollars will be invested in Mozambique and the rest in Malaw

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France gives €10.2m to boost mining sector | The Times Group

France gives €10.2m to boost mining sector | The Times Group: "The French government has given €10.2 million to assist in the implementation of the Geological Mapping and Mineral Assessment Project (Gemmap) being implemented through the Department of Mining.

The project is scheduled to be launched on June 15 at the Bingu International Conference Centre by Minister of Natural Resources, Energy and Mining, Bright Msaka"



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Aussie firm pens deal with Malawi’s Escom for 120MW power plant – Mining & Trade Review (May 2016) | Mining in Malawi

Aussie firm pens deal with Malawi’s Escom for 120MW power plant – Mining & Trade Review (May 2016) | Mining in Malawi: ASX-listed Intra Energy Corporation, which is developing the 120MW Pamodzi Coal-fired Power Plant in Malawi’s lakeshore district of Salima, has announced the signing of a term sheet relating to the power purchase agreement with the Electricity Supply Corporation of Malawi (Escom)

Malawi eyeing several interconnectors to solve power woes – Mining & Trade Review (May 2016) | Mining in Malawi

Malawi eyeing several interconnectors to solve power woes – Mining & Trade Review (May 2016) | Mining in Malawi: By Chiku Jere

Government says notable progress is being made towards sourcing power from neighbouring countries through interconnectors in an effort to address Malawi’s historical power woe