Malawi Lifts Ban on Maize Export

National News - The Nation Online:









Mutharika lifts maize export ban OCTOBER 31, 2017

President Peter Mutharika has ordered the immediate lifting of

the maize export ban that government effected early this year to

avoid creating a shortage...





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Sadc seeks to harmonise transport charges - The Nation Online

Sadc seeks to harmonise transport charges - The Nation Online:





a Jacob Nankhonya

O October 31, 2017


The Southern African Development Community (Sadc)

committee for ministers responsible for Transport and

Meteorology says it is geared to start the process of

harmonising charges transporters pay when passing through

countries in the region.





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Second Malawi compact fate in December, says MCC - The Nation Online

Second Malawi compact fate in December, says MCC - The Nation Online:

The Malawi government is expected to know in December this

year whether it qualifies for the second compact after the expiry

of $350.7 million (K256 billion) five-year energy compact in

September 2018.

Millennium Challenge Corporation (MCC), a United States

government agency, provided the money for the energy

compact, which is a single sector programme, to support the

Malawi government to increase the capacity and stability of the

national electricity grid and the efficiency and sustainability of

hydropower generation.





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$2.6bn Cape Maclear investment project to start 2018 – Malopa | Malawi Nyasa Times - Malawi breaking news in Malawi

$2.6bn Cape Maclear investment project to start 2018 – Malopa   | Malawi Nyasa Times - Malawi breaking news in Malawi:



$2.6bn Cape Maclear investment project to start 2018 — Malopa
October 30, 2017 The ambitious USS2.6 billion (about Kl.9 trillion) Cape Maclear Investment Project is set to commence in lakeshore district
of Mangochi in 2018 which if done may change the face of the area, according to project promoter Bright Malopa.
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Malawi registers modest export growth - The Nation Online

Malawi registers modest export growth - The Nation Online:




Grace Phiri

October 28, 2017


Malawi merchandise export trade of agricultural products has

registered a modest growth of 6.5 percent between 2005 to

2016, figures from the World Trade Organisation (WTO) have

shown.





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Malawi inflation rate continues to drop | Malawi 24 - All the latest Malawi news

Malawi inflation rate continues to drop | Malawi 24 - All the latest Malawi news: "Malawi’s inflation rate continues Its downward trend, latest data shows.

According to Government of Malawi, the country’s inflation rate for September is at 8.4 percent which is among the lowest in the SADC Region as well as globally.


Malawi’s inflation rate going down.
“Breaking it down to specfic sectors, for urban areas, it is 8.2% while for rural areas it is at 8.9%."



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Roads, belts and corridors: what is happening along Africa’s eastern seaboard? - The Zimbabwean

Roads, belts and corridors: what is happening along Africa’s eastern seaboard? - The Zimbabwean: "The eastern seaboard of Africa from Kenya to Tanzania to Mozambique has become a major focus of attention. The ports – from Bagamoyo to Beira – are seen as the gateway to Africa, a place where great riches can be found. Such ports, and the road and rail links that connect them, are now being redeveloped at a frenzied pace. Much of this is about mineral export, but agriculture is part of the picture too, as a number of the new (or often revived) corridors are seen as ‘agricultural growth corridors’, a term on the lips of many ambitious planners and investors."



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Hamra Ltd brief Nkhata Bay communities on oil exploration in Lake Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi

Hamra Ltd brief Nkhata Bay communities on oil exploration in Lake Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi: "Hamra Ltd brief Nkhata Bay communities on oil exploration in Lake Malawi
October 27, 2017 Aliko Munde -Mana Be the first to comment
Hamra Holdings Limited consultant, Grain Malunga has disclosed that the Airborne Geophysical Survey, popularly known as Kauniwuni on Lake Malawi has established the presence of oil deposits on the lake in Nkhata Bay, Rumphi and Karonga districts."



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Hamla Holdings To Conduct Oil Survey In Karonga

Hamla Holdings To Conduct Oil Survey In Karonga: "The Malawi government in collaboration with Hamla Holdings Limited an oil exploration company is set to commence the geological survey on the offshore sedimentary rocks for oil exploration in Karonga district.

According to the team leader of the exploration company, Grain Malunga, the survey will start this month and the findings are expected to be revealed to the mass by December this year.

Malunga said the survey will be done in a professional way such that Malawians will not be denied any information pertaining to the matter."



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SacOil launches capacity building for Malawi oil and gas sector | Mining in Malawi

SacOil launches capacity building for Malawi oil and gas sector | Mining in Malawi: "SacOil launches capacity building for Malawi oil and gas sector

…SA firm drills local experts in hydrocarbon search processes

By Chiku Jere

JSE-listed SacOil Holdings has kick-started a Capacity Development Programme for local geoscientists which will see Malawian technocrats trained in upstream petroleum sector processes as part the fulfilment of a commitment the company made in its exclusive prospecting licence that was awarded by the Malawi Government on December 13, 2012."



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Chinese firm applies for mining licence for Malawi’s Makanjira heavy sands – Mining & Trade Review | Mining in Malawi

Chinese firm applies for mining licence for Malawi’s Makanjira heavy sands – Mining & Trade Review | Mining in Malawi: "Chinese firm applies for mining licence for Makanjira heavy sands

By Our Reporter

A Chinese firm, Nu Kin, has applied for a licence to start mining heavy mineral sands at Makanjira in Mangochi.

Director for the Department of Mines, Atileni Wona, told Mining & Trade Review that the firm has submitted the application after completing a feasibility study for the project, which also included an environmental impact assessment study."



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Malawi’s Mangochi gold rush, government clamps down on miners | Mining in Malawi

Malawi’s Mangochi gold rush, government clamps down on miners | Mining in Malawi: "By Marcel Chimwala, has become a centre

Mangochi, which is well known for fishing and lake tourism activities, has become a centre of attraction to enterprising locals and foreigners from countries such as Mozambique and Tanzania.

This time not for fishing and tourism activities but it is gold mining that has taken centre stage along Onga River in Makanjira area."



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$200 million for energy sector | The Times Group

$200 million for energy sector | The Times Group:


Finance Minister, Goodall Gondwe, has described his recent trip to the US, where he met officials
from the World Bank and the International Monetary Fund (IMF), as a success following a number
of deals he has struck with the institutions.
Top on the list are financial resources amounting to over $200 million that the World Bank has
pledged to give Malawi to boost the energy sector.
The resources are coming in the form of a 50 percent loan and 50 percent grant.
In an interview with Times Business, Gondwe, highlighted that the development partners have

committed to releasing the funds within the next six months.

He said that over $100 million dollars would be channelled towards the construction of

Mpatamanga Hydro-electric Power Station along the Shire River, over $70 million dollars would go

towards rolling out of solar energy projects whereas another $30 million would go towards an

interconnection project between Malawi and Mozambique.


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An Agenda to Transform Malawi’s Irrigated Agriculture: World Bank Approves $166 Million - The Maravi Post

An Agenda to Transform Malawi’s Irrigated Agriculture: World Bank Approves $166 Million - The Maravi Post:


WASHINGTON, October 18, 2017— The.World Bank has approved $166 million to.transform Malawi's agricultural productivity.through irrigation, lay the foundations for.commercialization, and improve management.of natural resources in the Shire Valley..


The financing, approved today by the World.Bank Board of Executive Directors is for the.first phase of the Shire Valley Transformation.THE WORLD BANK.IBRD • IDA.The world bank.Program (SVTP-I). The funding consists of a $160 million credit from the International.Development Association* , and a $5.59 million grant from the Global Environment Facility.Trust Fund.

W The.World Bank has

approved $166 million to.transform Malawi's agricultur this'

Pension funds at K450bn | The Times Group

Pension funds at K450bn | The Times Group:


As Challenges continue to face implementation of the mandatory 2011 Pensions Act, the Reserve

Bank of Malawi (RBM) has expressed satisfaction with the growth that has been registered since

the new act was introduced six years ago. RBM Deputy Governor, Grant Kabango, said, in that time, pension funds have grown from K59

billion to K450 billion as of June 2017. Kabango further said the number of employees on pension has doubled from 102,505 to 259,743.

x

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Mkango Closes £500,000 Placing With Talaxis | Geology for Investors

Mkango Closes £500,000 Placing With Talaxis | Geology for Investors: "Home / Mining Company News Releases (Unreviewed) / Mkango Closes £500,000 Placing With Talaxis
Mkango Closes £500,000 S
Mkango Resources  announce that it has received conditional regulatory approval for the previously announced placing (the “Placing”) whereby Talaxis Ltd (“Talaxis”), a wholly owned subsidiary of Noble Group (“Noble”), has invested £500,000 (C$833,333) at 3.5 pence (C$0.058) per equity unit to acquire a 14.5% interest in Mkango."



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Sovereign Metals Limited secures $6.5M to expedite graphite project in Malawi

Sovereign Metals Limited secures $6.5M to expedite graphite project in Malawi: "Proceeds from the placement will be used to expedite development of the company’s Malingunde Flake graphite project in Malawi, including all technical works and feasibility studies.


Earlier in August, Sovereign had revealed that its Malingunde graphite concentrates have a strong potential to meet the specifications of major graphite end-markets, including lithium-ion batteries.

In 2017 Sovereign delivered the world’s largest reported soft saprolite-hosted graphite resource and scoping study."



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Lakestar Budget Airline To Start Operating Next Year | BizMalawi Online– Directory and search engine for Malawi

Lakestar Budget Airline To Start Operating Next Year | BizMalawi Online– Directory and search engine for Malawi: "A Malawian owned budget airline, Lakestar Express Limited is expected to start operating in the country by February next year.

The budget airline comes in Two years after FastJet winged out the Malawi market.

According to its chief executive officer, Allain Chidzanja, they have invested $7 million (about K5.1 billion) to start operating domestic flights.

Chidzanja said they expect to extend services to other parts of the region within 10 months of operation.

“In Malawi, we want to make sure that passengers can fly between Blantyre and Lilongwe and we want to revive the Northern route in Mzuzu, Karonga and Likoma as it is becoming a hot spot and this will help us revive tourism as well,” explained Chidzanja."



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Roads, belts and corridors: what is happening along Africa’s eastern seaboard? - The Zimbabwean

Roads, belts and corridors: what is happening along Africa’s eastern seaboard? - The Zimbabwean: "The eastern seaboard of Africa from Kenya to Tanzania to Mozambique has become a major focus of attention. The ports – from Bagamoyo to Beira – are seen as the gateway to Africa, a place where great riches can be found. Such ports, and the road and rail links that connect them, are now being redeveloped at a frenzied pace. Much of this is about mineral export, but agriculture is part of the picture too, as a number of the new (or often revived) corridors are seen as ‘agricultural growth corridors’, a term on the lips of many ambitious planners and investors."



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Sovereign Metals forges transport deal for graphite project | Finfeed.com

Sovereign Metals forges transport deal for graphite project | Finfeed.com: "Emerging African graphite producer, Sovereign Metals (ASX:SVM) has negotiated an infrastructure term sheet agreement with Central East African Railways (CEAR), an infrastructure and logistics consortium in which Vale SA and Mitsui & Co. Ltd have significant ownership, with both parties also involved in the operational management of the transport facilities.

The agreement covers the provision of rail freight, port access and port handling services by CEAR to SVM for graphite concentrates produced from the Malingunde Project, subject to a binding agreement expected to be formalised 30 June, 2018."



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Malawi's inflation slows to 8.4 percent in September |

Malawi's inflation slows to 8.4 percent in September |: "Off The Wire
Malawi's inflation slows to 8.4 percent in September
Reuters
Saturday October 14, 2017 12:06  LILONGWE, Oct 14 (Reuters) - Malawi's consumer inflation slowed to 8.4 percent year-on-year in September from 9.3 percent in August, official data from the National Statistical Office showed on Saturday.

The statistics office said a key contributor to slower price growth was a decline in both food and non-food inflation.


(Reporting by Mabvuto Banda; Editing by Richard Balmforth)"



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Foreign reserves at 3.48 months - The Nation Online

Foreign reserves at 3.48 months - The Nation Online:

Malawi's gross foreign exchange reserves—a combination of official and private sector slightly fell to 3-48 months of import at the start of this week, Reserve Bank of reserves— Malawi (RBM) figures have shown. RBM daily financial market report for October 11 indicates that the gross official reserves  declined to $726.80 million, equivalent to 3-48 months of import cover on October 9 from

$750.23 million which is equivalent to 3-59 months of imports.


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Escom, Egenco fight delays ‘cost-reflective’ tariff - The Nation Online

Escom, Egenco fight delays ‘cost-reflective’ tariff - The Nation Online:

Escom, Egenco fight delays 'cost-reflective' tariff

Suzgo Khunga @ October 5, 2017 o Comments

Differences between Electricity Generation Company (Egenco) and Electricity Supply Corporation of Malawi  Escom) over cost-reflective tariff have delayed the roll out of the scheme with barely a year to the end of the  $350 million (K242 billion) Millennium Challenge Corporation (MCC) energy compact. United States of America (USA) Ambassador Virginia Palmer, whose government is financing the compact through MCC, has since expressed concern over the delayed resolution of the issue.





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Reserve Bank of Malawi miantains policy rate at 18 percent - The Maravi Post

Reserve Bank of Malawi miantains policy rate at 18 percent - The Maravi Post: "LILONGWE-(MaraviPost)-The Reserve Bank of Malawi (RBM) has maintained policy rate at 18 percent, a decision made at the Monetary Policy Committee (MPC) and the Liquidity Reserve Requirement at 7.5 per cent in trying to keep with the latest developments in the economy and the need to keep the inflation firmly on the downward path.
The announcement has come through a statement made by MPC after it conducted a review meeting for global and domestic economic developments and it has been signed by Chairman of the committee, Dr Dalitso Kabambe, who is also Reserve Bank of Malawi Governor."



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Sovereign signs rail MoU in Malawi

Sovereign signs rail MoU in Malawi: "PERTH (miningweekly.com) – Junior Sovereign Metals has signed a memorandum of agreement (MoU) with an infrastructure consortium led by majors Vale and Mitsui, for rail freight, port access and port handling services for graphite product from the Malingunde project, in Malawi.
Sovereign said on Tuesday that the MoU covered the provision of services for up to 100 000 t/y of concentrates over a period of 20 years, with the consortium known as Central East African Railways (CEAR) to supply and maintain all infrastructure, equipment and personnel required to provide the service."



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Nocma to start importing fuel via Nacala rail line - The Nation Online

Nocma to start importing fuel via Nacala rail line - The Nation Online:

Nocma to start importing fuel via 

Nacala rail line 

Llyod chitsulo O September 26, 2017 o Comments State-owned National Oil Company of Malawi (Nocma) has announced plans to start 

transporting fuel through Nacala Railway Corridor to supplement road transportation from 

Mozambique and Tanzania ports. 

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Kam’mwamba project to start Nov - The Nation Online

Kam’mwamba project to start Nov - The Nation Online:

Kam'mwamba project to start Nov

Martha Chirambo O September 29, 2017 o Comments  Government expects the Kam'mwamba Coal -Fired Power Plant Project to start this November  after signing 10 agreements with China last week.  According to Minister of Finance, and Economic Planning and Development Goodall Gondwe  government has agreed with their counterparts in China to have major shareholding of 85  percent while China Gezhouba Group will have 15 percent.

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Khato Holdings – growing Africa on time and within budget

Khato Holdings – growing Africa on time and within budget: "With plans to expand further in Africa, South African black emerging design and construction company Khato Civils expects that, in three to five years, 20% of its workload will be attributable to South Africa, while 80% will be based across the rest of the continent."



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Mkango raises £500 000

Mkango raises £500 000: "OHANNESBURG (miningweekly.com) – Dual-listed Mkango Resources has started Phase 2 of its research and development programme with Metalysis and has raised £500 000 in a share placing to help fund the programme."



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Malawi News Agency Online - Inflation downturn excites private sector

Malawi News Agency Online - Inflation downturn excites private sector: "
Mzuzu, October 02, 2017: The private sector, through its mouthpiece, the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has commended the downturn of inflation by 9.3 percent as a significant step in boosting the country’s economy."



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