Malawi: Geoscience Graduates to Boost the Mining Sector in Malawi - allAfrica.com

Malawi: Geoscience Graduates to Boost the Mining Sector in Malawi - allAfrica.com: "Blantyre — Due to the huge mineral potential that Malawi has, public university colleges such as the Polytechnic, Chancellor College and Malawi University of Science and Technology (MUST) have introduced more geoscience courses in order to produce locally trained geo personnel.

Head of Mining Engineering Department at the Polytechnic, Dr Witness Kuotcha, told Malawi News Agency (MANA) the college has introduced a Bachelor of Geological Engineering, Bachelor of Mining Engineering and Bachelor of Metallurgy and Mineral Processing Engineering."



'via Blog this'

Mkango granted Chimimbe prospecting licence

Mkango granted Chimimbe prospecting licence: "Mkango granted Chimimbe prospecting licence

29TH  Aim- and TSX-V-listed Mkango Resources has been granted an exclusive prospecting licence covering the 98.48 km Chimimbe Hill nickel/cobalt deposit in central Malawi."



'via Blog this'

Noble Group Foe Iceberg Fires a Fresh Salvo - Bloomberg

Noble Group Foe Iceberg Fires a Fresh Salvo - Bloomberg: "Noble Group Ltd.’s long-time foe Iceberg Research made a fresh attack on the embattled commodity trader on Tuesday, saying that its balance sheet may still mask problems and that the company’s bid to restructure its obligations won’t lead to a turnaround.

“The problem with this company is not only that assets have been wildly overvalued. Some liabilities have probably been drastically undervalued,” Iceberg said in an open letter to the creditors of the Hong Kong-based company. “Don’t believe that Noble’s balance sheet is clean after they recognized billions of impairments.”"



'via Blog this'

Iceberg claims Noble's balance sheet still can't be trusted, Companies & Markets - THE BUSINESS TIMES

Iceberg claims Noble's balance sheet still can't be trusted, Companies & Markets - THE BUSINESS TIMES: "ICEBERG Research issued another fresh attack on Noble Group on Tuesday, claiming that the commodity trader's balance sheet numbers are still unreliable, even after the group recognised billions in impairment."



'via Blog this'

Treasury bill yields drop to 15.3% - The Nation Online

Treasury bill yields drop to 15.3% - The Nation Online:

Treasury bill yields drop to 15.3% 

Grace Mkwapata @ November 24, 2017 o Comments 
Treasury bill (T bills) rates one of the determinants of commercial bank interest rates fell on all tenors in 
September compared to the previous month, according to the Reserve Bank of Malawi (RBM). 

'via Blog this'

Mera approves 25% electricity increase | The Times Group

Mera approves 25% electricity increase | The Times Group:





The Malawi Regulatory Authority (Mera) has been forced to approve a 25 percent increase in the

price of electricity days after the regulatory authority rejected Escom's Power Purchase Agreement

in which the tariff increase was among several proposes.

This means that when the stand by generators arrive in the country and are installed next month

as promised by President Peter Mutharika, Malawians will start paying K73.23 per kWh up from

about K58.80 per kWh.



'via Blog this'

$100million Grand Business Park Project Kicks Off In Lilongwe… To Comprise Shopping Mall, High Class offices, Villas, Five Star Hotel & Conference Centre – Malawi Voice

$100million Grand Business Park Project Kicks Off In Lilongwe… To Comprise Shopping Mall, High Class offices, Villas, Five Star Hotel & Conference Centre – Malawi Voice: "$100million Grand Business Park Project Kicks Off In Lilongwe… To Comprise Shopping Mall, High Class offices, Villas, Five Star Hotel & Conference Centre
By Deliby Chimbalu on November 18, 201726 Comments
Press Release
The Lilongwe Grand Business Park Project is expected to kick off next week in the capital Lilongwe. According to Malawi Investment and Trade Centre (MITC), the project is one of the outcomes of the first ever Malawi Investment Forum which the Government of Malawi Hosted in 2015 and it is located in Area 46 along the by-pass road."



'via Blog this'

Sovereign closer to PFS at Malingunde - 9Finance

Sovereign closer to PFS at Malingunde - 9Finance: "Sovereign closer to PFS at Malingunde
FShareTTweetBMail
Sovereign Metals Limited (ASX: SVM) has concluded the aircore drilling campaign at its Malingunde saprolite-hosted graphite project in Malawi.

The drilling campaign, designed to rapidly advance the low-cost project towards a pre-feasibility study, covered 5,000 meters in total. An aircore rig used in the drilling has now been moved to test additional saprolite-hosted graphite targets within relative proximity to the project site."



'via Blog this'

Funding for Songwe Hill rare earths project in Malawi secured

Funding for Songwe Hill rare earths project in Malawi secured: "Funding for rare earths project in Malawi secured

TSXV-listed Mkango Resources has entered an agreement with Talaxis, a wholly-owned subsidiary of Noble Group, to fund development of the rare earths project in Malawi.

Talaxis has agreed to fully fund a bankable feasibility study (BFS) for the project  in Malawi for a return of 49% interest in it."

https://www.miningreview.com/news/funding-songwe-hill-rare-earths-project-malawi-secured/

'via Blog this'

Funding for Songwe Hill rare earths project in Malawi secured

Funding for Songwe Hill rare earths project in Malawi secured: "Funding for rare earths project in Malawi secured

TSXV-listed Mkango Resources has entered an agreement with Talaxis, a wholly-owned subsidiary of Noble Group, to fund development of the rare earths project in Malawi.

Talaxis has agreed to fully fund a bankable feasibility study (BFS) for the project  in Malawi for a return of 49% interest in it."



'via Blog this'

Inflation rate drops to 8.3% - The Nation Online

Inflation rate drops to 8.3% - The Nation Online:




a Chikondi Chiyembekeza

O November 16, 2017


A Malawi's year-on-year inflation rate for October 2017 has

dropped by 0.1 percentage points to 8.3 percent from the previous

month's 8.4 percent, figures from the National Statistical Office

(NSO) released yesterday show.


'via Blog this'

Hamra Holdings Embarks On Mapping For Oil And Gas Exploration

Hamra Holdings Embarks On Mapping For Oil And Gas Exploration: "The Malawi government in collaboration with Hamra Holdings Limited is set to begin its geological and geo-physical mapping for oil and gas exploration, in Karonga District.

Hamra Holdings Limited is an oil exploration company and according to the Company’s consultant, Grain Malunga, the survey starts this month.

The findings, which may lead to offshore oil exploration, are expected to be revealed to the public by December this year"



'via Blog this'

Malawi News Agency Online - Construction of Mzuzu International Airport to start in January –Mutharika

Malawi News Agency Online - Construction of Mzuzu International Airport to start in January –Mutharika: "Mzuzu, November 12, 2017: President Arthur Peter Mutharika has assured people in northern region that his government is geared to start the construction of Mzuzu International Airport in January, 2018.

President Mutharika was speaking Saturday evening at Katoto Roundabout on his arrival in the region where he is expected to carry out a number of official duties.

Mutharika said it is the wish of his government that Mzuzu City should have a modern international airport, saying it will open up the northern region.

“I have directed the Minister of Transport and Public Works to make sure that the construction of Mzuzu modern international airport should start without any excuses by January next year,” he said."



'via Blog this'

Sovereign starts PFS at Malingunde graphite project | Finfeed.com

Sovereign starts PFS at Malingunde graphite project | Finfeed.com: "Sovereign Metals Limited (ASX:SVM) today announced it had commenced the Pre-feasibility Study for the low-cost Malingunde saprolite-hosted graphite project in Malawi.

The PFS is intended to build on the promising results that came from the recently completed Scoping Study. That study provided further evidence of the project’s potential to become a very low cost operating mine, producing an annual graphite concentrate production of ~44,000 tonnes over an initial 17 years."



'via Blog this'

Mutharika tells North Malawi more developments in the offing: Mzuzu International Airport project starts January 2018 - The Maravi Post

Mutharika tells North Malawi more developments in the offing: Mzuzu International Airport project starts January 2018 - The Maravi Post: "President Arthur Peter Mutharika has assured people in northern region that his government is geared to start the construction of Mzuzu International Airport in January, 2018.

President Mutharika was speaking Saturday evening at Katoto Roundabout on his arrival in the region where he is expected to carry out a number of official duties."



'via Blog this'

Egenco in K5bn Nkula dam dredging project - The Nation Online

Egenco in K5bn Nkula dam dredging project - The Nation Online:

Faced with pressure to increase power generation, Electricity Generation Company (Egenco) has embarked on a 

K5 billion project to dredge sediment load lying on the bed of Shire River at Nkula Falls to increase water storage. 

The project comes at a time Malawi is struggling to produce adequate electricity due to low water levels in Shire 

River which is experiencing acute environmental degradation that has, among others, led to debris from 

upstream rivers flowing and clogging the river whose water is used for power generation. 

'via Blog this'

Malawi News Agency Online - Inadequate funding in research stalling legume sector growth

Malawi News Agency Online - Inadequate funding in research stalling legume sector growth: "Lilongwe, April 13, 2017: Lack of huge investment in research and innovations towards the legumes subsector is stalling the growth of the industry in the country, agricultural experts say.

The legume sub sector in Malawi has been billed as an alternative sector to the tobacco industry towards the economic growth of the nation.

But low funding to academic and other institutions towards research and development is said to derail progress needed for meaningful and valuable changes in the sector."



'via Blog this'

‘Malawi meeting policy indicators’ | The Times Group

‘Malawi meeting policy indicators’ | The Times Group: "‘Malawi meeting policy indicators’
Posted By: Taonga Sabolaon: November 07, 2017In: BusinessNo Comments
A latest Millennium Challenge Corporation (MCC) scorecard, which analyses individual countries’ policy indicators, has shown that Malawi is meeting the minimum requirements, raising hopes that the country may be awarded a second compact once the current $350.7 million energy compact comes to an end next year.

The report shows Malawi passed 20 indicators overall, including those on control of corruption and democratic rights."



'via Blog this'

Economic think tank forecasts growth at 4.8% | The Times Group

Economic think tank forecasts growth at 4.8% | The Times Group: "Economic think tank forecasts growth at 4.8%
Posted By: William Kumwembeon: November 08, 2017In: BusinessNo Comments
The Economic Intelligence Unit (EIU) has forecast real Gross Domestic Product (GDP) to grow by an average of 4.8 percent annually for the next five years.

In its third quarter country report for Malawi released recently, the EIU predicts that the economy will register a GDP growth of 4.7 percent in 2018, 4.9 in 2019 and 5.0 percent in 2020 before it slows down to 4.7 percent"



'via Blog this'

JTI Growers Benefit From Successful Tobacco Season…Increased Profits Due To High Quality Leaf And Better Yield – Malawi Voice

JTI Growers Benefit From Successful Tobacco Season…Increased Profits Due To High Quality Leaf And Better Yield – Malawi Voice: "One of the country’s major tobacco buyers, the 2016/2017 season was the most successful year since entering the market in 2009, with a recorded contract market share of 31 percent against an average of 17 to 18 percent in previous years"



'via Blog this'

Trade balance to narrow by Dec-IMF - The Nation Online

Trade balance to narrow by Dec-IMF - The Nation Online:









Trade balance to narrow by Dec-IMF

a Grace Phiri O November 4, 2017 o Comments

The International Monetary Fund (IMF) has projected the country's trade balance—the difference between a

country's imports and its exports for a given time period—to narrow to 7.8 percent of the gross domestic

product (GDP) this year.

As compared to the previous year, there is a decline of 3.1 percentage points from 10.9 percent on account of

reduced exports.


'via Blog this'

Government reaffirms commitment to sustained power generation - The Maravi Post

Government reaffirms commitment to sustained power generation - The Maravi Post: "Minister of Natural Resources, Energy and Mining, Aggrey Masi has reaffirmed government’s commitment to ensure sustained power generation and supply in the country to address the perennial problem of electricity outages.

Masi was speaking on Saturday during a visit to the construction site of 400/132kv Electricity Supply Corporation of Malawi’s (ESCOM) Phombeya sub – station and 400kv overhead line sites in Balaka respectively."



'via Blog this'

Malawi: Blackout Is a Setback to Internet Connectivity - allAfrica.com

Malawi: Blackout Is a Setback to Internet Connectivity - allAfrica.com: "Lilongwe — Persistent power blackout the country is experiencing is affecting effective delivery of services by internet service providers.

Chairperson of Media and Communications Parliamentary Committee, Sam Kawale made the observation Wednesday when members of his committee toured some establishment of Internet connectivity sites in Lilongwe."



'via Blog this'

Simbi to build Malawi’s tallest ‘twin towers’ in Lilongwe | Malawi Nyasa Times - Malawi breaking news in Malawi

Simbi to build Malawi’s tallest ‘twin towers’ in Lilongwe | Malawi Nyasa Times - Malawi breaking news in Malawi: "South Africa-based Malawian billionaire businessperson Simbi Phiri, who was awarded a multimillion kwacha water project, reportedly plans to construct  Malawi’s tallest twin towers in the capital Lilongwe."



'via Blog this'

Talaxis buys stake in Mkango Resources | The Times Group

Talaxis buys stake in Mkango Resources | The Times Group:





Talaxis Limited, a subsidiary of commodities trader Noble Group, has acquired 14.5 percent

shareholding in Mkango Resources Limited.

Mkango is a Canadian dual TSX-V and Alternative Investment Market (AIM) listed mineral

exploration company exploring rare earths at Songwe Hill in Phalombe and Thambani in Neno.

The deal, which has seen Talaxis becoming a major shareholder in the company, is worth

€500,000. The share price is at 3.5 pence.


'via Blog this'

The Fruits Of APM’s Reforms: World Bank Ranks Malawi Third In Africa In Doing Business – Malawi Voice

The Fruits Of APM’s Reforms: World Bank Ranks Malawi Third In Africa In Doing Business – Malawi Voice: "Malawi has been ranked 110th on the ease of doing business index, up from 133, World Bank Doing Business 2018 Report has revealed as  Minister of Agriculture, Irrigation and Water Development, Joseph Mwanamvekha has assured  government will sustain the gains and push for more reforms."



'via Blog this'

Malawi to have new low cost airline | Malawi 24 - All the latest Malawi news

Malawi to have new low cost airline | Malawi 24 - All the latest Malawi news: "A low cost airline owned by Malawians is set to start its operations in Malawi.

Lakestar Express Limited which will make its first flight in January will start with domestic routes before introducing flights to Lusaka [Zambia], Johannesburg [South Africa], Harare [Zimbabwe], Nairobi [Kenya] and eastern side of Mozambique."



'via Blog this'

Goodall upbeat on growth despite power outages - The Nation Online

Goodall upbeat on growth despite power outages - The Nation Online:







Minister of Finance, Economic Planning and Development

Goodall Gondwe is upbeat about the country registering an

economic growth of over five percent despite acknowledging the

possible threat to the same created by extended power outages.

In an interview yesterday, Gondwe said while nobody is denying

the fact that the power outages are crippling production,

government is still banking of agriculture—which did well this

year—as the game changer.


'via Blog this'