Banks yet to react to policy rate slash | The Times Group

Banks yet to react to policy rate slash | The Times Group: "Banks yet to react to policy rate slash
Posted By: William Kumwembeon: November 28, 2016In: BusinessNo Comments
Malawi’s commercial banks were yet to start pulling down interest rates over 80 hours after the Reserve Bank of Malawi (RBM) reduced the policy rate."

'via Blog this'

Malawi could help secure raw materials for green technologies

Malawi could help secure raw materials for green technologies: Malawi could help secure raw materials for green technologies
by Staff Writers
Exeter UK (SPX) Nov 21, 2016


Pioneering new insights into why high concentrations of some of the most rare and desirable natural elements - vital for the production of vital environmental, digital and security technologies - have been revealed

Fuel Prices Increase Effective Nov 4

Fuel Prices Increase Effective Nov 4: Fuel Prices Increase Effective Nov 4
Written by� Isaac Chawinga Thursday, 03 November 2016 20:12 font size Print Email Media
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Amid growing economic hardships, motorists in the country will now dig deeper into their pockets as fuel prices have been revised upwards effective Friday, November 4, 2016.
In a statement the Malawi Energy Regulatory Authority (MERA) says petrol is now selling at K824.70 up from K788.30, representing an increase of 4.6%.

MRA collects K71.8bn in October, beats target by K7.8bn | Malawi24 - All the latest Malawi news

MRA collects K71.8bn in October, beats target by K7.8bn | Malawi24 - All the latest Malawi news: MRA collects K71.8bn in October, beats target by K7.8bn
Bright Malenga

The Malawi Revenue Authority (MRA) has beaten the set revenue target for October 2016 by K7.8 billion after collecting K71.8 billion against a projection of K64 billion.
Speaking to the media in Blantyre, MRA Deputy Director of Corporate Affairs Steven Kapoloma said for this fiscal year, from July to October, MRA has collected K251.8 billion which is against a projection of K228.5 billion, registering an excess collection of K23.3 billion.

Ndalama zathawisidwa.
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Independent Power Producers cry foul over Procurement | The Times Group

Independent Power Producers cry foul over Procurement | The Times Group: Independent Power Producers cry foul over Procurement Posted By: Josephine Chineleon: November 05, 2016In: NationalNo Comments Independent Power Producers (IPPs) have poured out their frustrations in the renewable energy procurement process, blaming Escom and Ministry of Natural Resources, Energy and Mining for fixing the process. They have since written President Peter Mutharika, Vice President Saulos Chilima, the International Monitory Fund (IMF), the World Bank, Millennium Challenge Account (MCA) and Escom and the ministry itself informing them of alleged corruption in awarding of contracts to two companies without following procedures.

Tanzania: Things Poised to Happen After King Mohamed VI's Visit - allAfrica.com

Tanzania: Things Poised to Happen After King Mohamed VI's Visit - allAfrica.com: Tanzania: Things Poised to Happen After King Mohamed VI's Visit Tagged: BusinessEast AfricaGovernanceInvestmentMoroccoNorth AfricaTanzania Tweet Share Google Comment Email More RELATED TOPICS Business Nigeria: AfDB Approves U.S.$600 Million Financial Support for Nigeria Uganda: Railway Workers Protest Dismissal of Colleagues Uganda: Lecturers Deny Demanding University Shutdown Ethiopia: Unrest Worries Foreign Investors East Africa Tanzania: President Magufuli to Meet Editors Africa: Lack of Funds Slow Down Regional Bloc Negotiations Tanzania: Air Tanzania Introduces Lower Charges Domestic Flights Kenya: Kenneth Marende Joins Nairobi Governor Race Governance South Africa: What You Need to Know About State Capture Report South Africa: I Haven't Considered Resigning Yet - Prosecution Chief South Africa: #StateCaptureReport - Key Players, Violations and What's Next South Africa: 'We Are Happy You Are Still in One Piece,' Mugabe Tells Zuma Investment Zimbabwe: Govt Pleads With SA for Investment, Ahead of Zuma's Arrival Tanzania: Make Improving Business Climate a Top Priority Zimbabwe: Govt Seeks Infrastructure Investors Zimbabwe: Zimbabwe Investment Climate Worrisome Morocco Tanzania: TPSF Moves Its AGM to Morocco Morocco: Moroccan King to Pay Singer Lamjarred's Expenses in Paris Rape Case Morocco: Fishmonger's Gruesome Death Sparks Protests Morocco: HRH Princess Lalla Salma Attends World Cancer Congress in Paris Proverbs are an integral part and pride of our culture. They are in use today after passing from generations to generations. One famous proverb along the East African coast has been "Let the guest come so that the host may benefit," which translates into Kiswahili as "Mgeni aje mwenyeji apone".

Heavy maize imports to weaken local prices | The Times Group

Heavy maize imports to weaken local prices | The Times Group: Heavy maize imports to weaken local prices Posted By: Taonga Sabolaon: November 03, 2016In: BusinessNo Comments The Agricultural Commodity Exchange for Africa (ACE) says heavy maize imports by authorities and cooperating partners could lead to the collapse of local maize prices.

China to build Zambia - Malawi rail link

China to build Zambia - Malawi rail link: China to build Zambia - Malawi rail link Written by� Keith Barrow PrintEmail inShare A contract to construct a rail link between central Zambia and the Malawian border was signed in the Zambian capital Lusaka on November 2 by minister of transport and communications Mr Brian Mushimba and representatives of China Railway Construction Corporation.

Tobacco earnings hit $240 million | The Times Group

Tobacco earnings hit $240 million | The Times Group: Tobacco earnings hit $240 million Posted By: Taonga Sabolaon: October 27, 2016In: BusinessNo Comments Malawi has so far realised a total of $240 million from tobacco sales since the start of the tobacco market this year, figures released by Auction Holdings Limited indicate. The figures show that a total of 159.5 million kilogrammes of the green gold have been sold at an average price of $1.51 per kilogramme

Information blackout blocking investments | The Times Group

Information blackout blocking investments | The Times Group: Information blackout blocking investments
Posted By: Kingsley Jassion: November 01, 2016In: BusinessNo Comments
Malawi may be losing out on Foreign Direct Investments (FDIs) from China after some investors in that country revealed they lack information on the investment opportunities available in Malawi.

China is among the world’s leading sources of FDIs and accounts for the largest inflow into African but Malawi is only tapping a small percentage of the investment flow.