Public debt at K1.8 trillion | The Times Group

Public debt at K1.8 trillion | The Times Group: "Malawi’s public debt was recorded at K1.8 trillion at the end of the fourth quarter of 2016, down from K2 trillion in the third quarter, the Reserve Bank of Malawi has said.

The public debt is about 139 percent of the K1.29 billion 2017/2018 national budget presented by Finance Minister Goodall Gondwe early this month.

According to a report from RBM for the fourth quarter of 2016 released on Monday, of the total debt, K1.1 trillion was external debt stock at 28.9 percent of Gross Domestic Product (GDP), a drop from 33.2 percent of GDP realised at the end of the third quarter 2016."



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World Bank credits Malawi $95 million for agriculture | The Times Group

World Bank credits Malawi $95 million for agriculture | The Times Group: "The Word Bank has pumped $95 grant (about K68 billion) into the commercialisation of agriculture industry by supporting agribusiness reforms. The funds are set to benefit about 70,000 farmers and 300 farmer’ organisations under Agriculture Commercialisation Project."



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Cear and Nocma talk fuel transportation | The Times Group

Cear and Nocma talk fuel transportation | The Times Group: "Central East African Railways (Cear) has started talks with the National Oil Company of Malawi (Nocma) for it to begin transporting fuel into the country from Nacala in Mozambique on behalf of Nocma. CEAR Managing Director Hendry Chimwaza disclosed this in an interview on Wednesday. Cear is currently transporting the commodity into Malawi for the Petroleum Importers Limited (PIL)."



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Malawi, Tanzania put differences aside | Malawi 24 - All the latest Malawi news

Malawi, Tanzania put differences aside | Malawi 24 - All the latest Malawi news: "Malawi, Tanzania put differences aside 0
BY ARCHANGEL NZANGAYA ON MAY 17, 2017 POLITICS
Despite fighting over ownership of part of Lake Malawi, Tanzania and Malawi will meet for a joint Malawi-Tanzania Donors’ Conference on the development of the Songwe River Basin Development Programme.

According to a press statement signed by Secretary for the Ministry Agriculture, Irrigation, and Water Development Erica Maganga, the meeting will take place on 18th May at the Bingu International Convention Centre (BICC)."



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‘Kwacha to firm further’ | The Times Group

‘Kwacha to firm further’ | The Times Group: "One of the country’s financial market analysts says he sees the kwacha trading below K700 to the United States dollar by July this year.

The analyst, Martin Nsamala, who is also Golden Forex Bureau Director, said prospects are strong that the kwacha will strengthen against the dollar following the good start to the tobacco selling season and tight monetary policy set by the Reserve Bank of Malawi."



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Inflation drops to 5-year low | The Times Group

Inflation drops to 5-year low | The Times Group: "Inflation drops to 5-year low
Posted By: Taonga Sabolaon: May 15, 2017In: BusinessNo Comments
Malawi’s inflation sank to a five – year low in April 2017, largely thanks to improved food availability coupled with a tight monetary policy employed by the monetary authorities, figures from the National Statistical Office (NSO) have shown.

In an inflation update on Friday, NSO says headline inflation decelerated from 15.8 percent in March 2017 to 14.6 percent in April 2017."



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Nacala coal terminal, Mozambique, starts operating in full on 12 May - Macauhub

Nacala coal terminal, Mozambique, starts operating in full on 12 May - Macauhub: "Nacala coal terminal, Mozambique, starts operating in full on 12 May
9 May 2017
| Brazil| Mozambique











The coal terminal at the port of Nacala-a-Velha, in Mozambique’s Nampula province, will officially start operating on Friday, marking a new phase in the process of transportation and export of coal mined in Moatize, Tete province, the northern logistics corridor company CLN."



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Firm outlines key economic threats | The Times Group

Firm outlines key economic threats | The Times Group: "Firm outlines key economic threats
Posted By: William Kumwembeon: May 11, 2017In: BusinessNo Comments
Investment management and advisory firm, Nico Asset Managers has outlined key risks still facing the Malawi economy and includes high debt levels, banking sector risks and power supply challenges."



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Lake Malawi Oil: Tanzania Demands 50% Shares from Oil Exploration - Nyasaland Post

Lake Malawi Oil: Tanzania Demands 50% Shares from Oil Exploration - Nyasaland Post: "LAKE MALAWI OIL: TANZANIA DEMANDS 50% SHARES FROM OIL EXPLORATION
CorrespondentMay 08,  The Tanzanian High Commissioner to Malawi, Victoria Mwakasenge said that Tanzania wants 50 percent shares from oil resources in Lake Malawi (Lake Nyasa)."



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KIA Undergoing Facelift

KIA Undergoing Facelift: "Blantyre: The Government of Malawi has embarked on a project to extend and rehabilitate the terminal building at Kamuzu International Airport, the Malawi News Agency (MANA) has learnt. Spokesperson for the Ministry of Transport and Public Works James Chakwera said the project will involve the construction of a new international departure lounge, international arrival hall and domestic building, all of which will be joined to the old terminal building."



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Stock market bullish | The Times Group

Stock market bullish | The Times Group: "Stock market bullish Posted By: Grace Thipaon: May 10, 2017In: BusinessNo Comments The stock market was bullish in the month of April 2017 registering a positive return on investment of 4.30 percent and an increase in total traded value despite a decrease in total traded volume. Overall, the market made a turnover of K788.1 million in 76 trades against K248.4 million made in 90 trades the previous month."



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Nkula shutdown to have minimal impact | The Times Group

Nkula shutdown to have minimal impact | The Times Group: "Nkula shutdown to have minimal impact Posted By: Grace Thipaon: May 04, 2017In: BusinessNo Comments The Electricity Supply Corporation of Malawi has issued a notice indicating that only 24 megawatts of power will be taken out of Nkula A Power Station during the days when the station is scheduled to be shut down to give way for its rehabilitation, modernisation and upgrading."



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World Bank’s Press Release On Resuming Direct Budget Support To Malawi…$80 Million Boost for Fiscal and Agricultural Reform Efforts – Malawi Voice

World Bank’s Press Release On Resuming Direct Budget Support To Malawi…$80 Million Boost for Fiscal and Agricultural Reform Efforts – Malawi Voice: "World Bank’s Press Release On Resuming Direct Budget Support To Malawi…$80 Million Boost for Fiscal and Agricultural Reform Efforts By Malawi Voice Reporter on May 5, 2017No Comment WASHINGTON, May 4, 2017— The World Bank Board of Executive Directors today approved an $80 million credit to the Malawi Government for general budget support. This is the first budget support financing approved by the World Bank for Malawi in four years. The budget support operation, fully referred to as the Agricultural Support and Fiscal Management Development Policy Operation (DPO), is the first of a proposed series of two operations. It aims to improve incentives for private sector participation in agricultural markets and to strengthen fiscal management through more effective expenditure controls and greater transparency. The DPO supports a series of policy and institutional reforms that the Government of Malawi is undertaking in order to reduce distortions in, and improve the performance of the agricultural sector; and to restore basic public financial management and accountability systems."



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Malawi missing on top destinations | The Times Group

Malawi missing on top destinations | The Times Group: "Malawi missing on top destinations Posted By: Taonga Sabolaon: May 05, 2017In: BusinessNo Comments The latest African Attractiveness Index (AAI) report by Ernst and Young has shown that Malawi is not among the continent’s 25 most attractive destinations in as far as foreign direct investment is concerned."



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Malawi’s Shire Valley Irrigation Project Excites World Bank: To Be The Biggest In Southern Africa, Budgeted At $340million – Malawi Voice

Malawi’s Shire Valley Irrigation Project Excites World Bank: To Be The Biggest In Southern Africa, Budgeted At $340million – Malawi Voice: "Malawi’s Shire Valley Irrigation Project Excites World Bank: To Be The Biggest In Southern Africa, Budgeted At $340million
By Malawi Voice Reporter on April 24, 20174 Comments

World Bank’s Pieter Waalewijn in an interview after the meeting
People of the twin districts of Chikwawa and Nsanje in the Shire Valley have a reason to celebrate following government’s endorsement that the Shire Valley Irrigation Project (SVIP) is viable."



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