Business performance improves in 2017—MCCCI - The Nation Online

Business performance improves in 2017—MCCCI - The Nation Online:

Despite persistent power blackouts, business performance in 2017 slightly improved compared 
to 2016, a 2017 Malawi Business Climate survey report has shown. 
Malawi Business Climate survey is a flagship report of the Malawi Confederation of Chambers of 


Commerce and Industrv (MCCCI). 

'via Blog this'

Malawi among 15 holiday destinations for 2018 - The Nation Online

Malawi among 15 holiday destinations for 2018 - The Nation Online:





Malawi has earned itself a spot among 15 holiday destinations for 2018 by travel experts of a

United Kingdom-based international magazine, Cosmopolitan.

The magazine's travel advisory released mid this month describes Malawi as an untapped safari

destination that prides itself on the incredible conservation efforts of 500 elephants campaign

and the return of The Lake of Stars Music Festival.



'via Blog this'

Malawi Financial Mirror: Malawi News Agency Online - AICC asks government t...

Malawi Financial Mirror: Malawi News Agency Online - AICC asks government t...: Malawi News Agency Online - AICC asks government to invest K3.5 billion into cotton industry : "Mzuzu, December 28, 2017:  African Inst...

Malawi News Agency Online - AICC asks government to invest K3.5 billion into cotton industry

Malawi News Agency Online - AICC asks government to invest K3.5 billion into cotton industry: "Mzuzu, December 28, 2017:  African Institute of Corporate Citizenship (AICC) in Malawi has asked government to inject US$4.8 million (about K3.5 billion) into cotton farming to revive the industry which it says is at the verge of collapsing.

AICC Chief Executive Officer (CEO) Felix Lombe told journalists on Wednesday in Mzuzu that Malawi’s cotton production has gone down from 100,000 metric tons in 2012 to around 15,000 in 2017.

He said the decline is worrisome because, among other crops, cotton remains one of the best forex earners that can replace tobacco."



'via Blog this'

Marvel at Malawi | The Voice Online

Marvel at Malawi | The Voice Online: "RAPIDLY EMERGING African destination Malawi was in the spotlight at the 2018 Safari Awards, held at the World Travel Market in
London earlier this month. This was largely due to the huge success of Tongole Wilderness Lodge, which received Best in Africa
awards in three categories.

Based in Nkhotakota Wildlife Reserve, the lodge is an exciting and evolving story in a particularly disadvantaged region of Malawi. Two main objectives were at the heart of its conception. Firstly, to establish an eco-friendly business that would create employment opportunities and long-term benefits for people from a particularly disadvantaged region of Malawi."



'via Blog this'

Electricity tops business obstacles | The Times Group

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has rated

intermittent power supply as the top obstacle to doing business in 2017.

In its Malawi Business Climate Survey (MBCS) for 2017, MCCCI says electricity is the most

problematic factor, with a rating of 9.6 out of 10.

In 2016, electricity was the third most problematic factor with a rating of 8.7.

MCCCI says the high rating reflects lack of serious investments in energy.

"Businesses have had a lot of expectations from alternative sources of power planned by

government such as the Kam'mwamba Coal-Fired Plant, solar power plants and stand by

generators, among others.
x

Electricity tops business obstacles | The Times Group:



'via Blog this'

Castel invests K16.1bn in Carlsberg Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi

Castel invests K16.1bn in Carlsberg Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi: "Castel Group has revealed that it invested about $22 million (about K16.1 billion at current exchange rate) in Carlsberg Malawi which has since changed to Castel Malawi Limited.



Castel Managing Director, Olivier Renson told the media that the company has increased its production, a sign of business growth in Malawi.

“In 2017 alone, we have invested $22 million into the business by introducing a new range of products. We have increased our product stock keeping units from 32 to 62. We hope that this level of investment sends a message to Malawi, at large, of our intention to stay the biggest beverage producer in the country,” Renson said."



'via Blog this'

Nico Holdings in tourism investments: To build 5-star hotel in Lilongwe | Malawi Nyasa Times - Malawi breaking news in Malawi

Nico Holdings in tourism investments: To build 5-star hotel in Lilongwe | Malawi Nyasa Times - Malawi breaking news in Malawi: "Nico holdings limited plc has unveiled its ambitious plans that will see it constructing a five star Hotel in the country’s capital Lilongwe within the next twelve months.




Kumwenda: Hotel plans

The managing director for the holding company Vizenge Kumwenda told journalists in Blantyre on the sidelines of the holdings extraordinary annual general meeting."



'via Blog this'

Banks to effect new rates in January | The Times Group

Malawians will have to wait a little longer before they can start enjoying cheaper and varied

borrowing rates from the banking sector eight days after the Reserve Bank of Malawi (RBM)

announced a cut in the policy rate from 18 to 16 percent.

Most banks are yet to respond to the monetary policy stance taken by RBM and those that have,

say the new rates will only become effective in January next year.

Both National Bank of Malawi (NBM) and Standard Bank Malawi have set their base lending rates

at 23 percent from 25 percent but to become effective on January 1 in the case of NBM and
x

Banks to effect new rates in January | The Times Group:



'via Blog this'

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

Banks yet to react to policy rate cut

Posted By: William Kumwembe on: December 27, 2017 In: Business No Comments

Most commercial banks are yet to react to the policy rate cut effected by the Reserve Bank of

Malawi (RBM) last Wednesday.

The policy rate is now at 16 percent from 18 percent.

At a press briefing held in the administrative capital, Lilongwe, last week, RBM Governor, Dalitso

Kabambe, attributed the policy move to recent trends on inflation statistics and the desire to

consolidate economic gains.

Banks yet to react to policy rate cut | The Times Group:



'via Blog this'

Malawi opposition parties attack Banks and MRA - The Maravi Post

Malawi opposition parties attack Banks and MRA - The Maravi Post: "Malawi opposition political parties have attacked commercial banks in the country and Malawi Revenue Authority (MRA) for killing  small and medium enterprises (SMEs) in the nation with huge interests.

The parties are Malawi Congress Party (MCP), United Transformation Party (UTP), New Labour Party (NLP), People’s Progressive Movement (PPM), United Independent Party (UIP) and Malawi Forum for Unity and Development (Mafunde) disclosed this at Grace Bandawe Conference Centre in Blantyre during a press conference"



'via Blog this'

Construction of Chipata – Petauke – Serenje Railway line to start next year | Q FM

Construction of Chipata – Petauke – Serenje Railway line to start next year | Q FM: "Government has disclosed that the construction of the US$2.3 billion Chipata-Petauke-Serenje railway line is expected to start next year.

Transport and Communication Minister Brian Mushimba says the project will enhance Zambia’s regional trade and transport competitiveness.

He says government has completed the major step of the environmental impact assessment for the construction of the green field railway lin"



'via Blog this'

Special economic zones project takes off—Mitc - The Nation Online

Special economic zones project takes

off—Mitc

Orama Chinamulungu @ December 27, 2017 o Comments

Malawi Investment Trade Centre (Mitc) says plans to establish special economic zones (SEZ)

designated areas within a country with special economic regulation are at an advanced stage as

land to pioneer the establishment of the zones has been identified.

In an interview, Mitc director of planning and research Felix Kadewere said Mitc is currently

putting in place the legal and operational framework in which the SEZ will operate.

Special economic zones project takes off—Mitc - The Nation Online:



'via Blog this'

2017: MSE improves in share value, volumes - The Nation Online

2017: MSE improves in share value, volumes - The Nation Online:





2017: MSE improves in share value,

volumes

Orama Chinamulungu @ December 27, 2017 o Comments

After several years of passive performance, the Malawi Stock Exchange (MSE) seem to have

picked up in the year just about to end by registering improvements in share value and volumes.

In the past 11 months, macroeconomic variables that have traditionally impacted on the local

stock market such as inflation and interest rates and a stable kwacha, performed well.



'via Blog this'

International Monetary Fund team jets in early 2018 | The Times Group

International Monetary Fund team jets in early 2018 | The Times Group:

International Monetary Fund team jets in early 2018 

Posted By: George Mhango on: December 26, 2017 In: Business No Comments 

The International Monetary Fund (IMF) has disclosed that a high level mission will jet into Malawi 
early next year to discuss key medium term macro-economic challenges and policies with 
government. 
This will be done in the context of IMF's periodic statutory consultations, referred to as Article IV 
consultation with its member countries. 
IMF Resident Representative, Jack Ree, confirmed the visit and said the mission would provide an 
opportunity to discuss a possible successor to the extended Credit Facility (ECF) programme. 
He said, in the discussions, the mission would try to identify ways to tackle unfinished works from 
the previous programme while safeguarding and building on the gains made. 

'via Blog this'

MACRA to cut cost of calls from Malawi mobile phone operators | Malawi Nyasa Times - Malawi breaking news in Malawi

MACRA to cut cost of calls from Malawi mobile phone operators | Malawi Nyasa Times - Malawi breaking news in Malawi: "Malawi Communication Regulatory Authority (MACRA) says from 1st January, 2018, it will start reducing calling rates in order for people to make phone calls at affordable prices in the country.  MACRA’s Director General Godfrey Itaye said this in Blantyre when he announced the setting up of maximum call termination rates towards improving affordability of making calls in the country."



'via Blog this'

Aftermath of diesel-powered generators; Electricity tariffs to go up by 24.67% - The Maravi Post

Aftermath of diesel-powered generators; Electricity tariffs to go up by 24.67% - The Maravi Post: "BLANTYRE-(MaraviPost)-Malawians will start dipping deeper in their pockets to pay for electricity as Malawi Energy Regulatory Authority (Mera) has approved a tariff hike of 24.57% but has instructed the state-owned Electricity Supply Corporation of Malawi (Escom) to effect the raise when they starts using the generators."



'via Blog this'

World Bank approves US $100 Million for Lilongwe-Water project - The Maravi Post

World Bank approves US $100 Million for Lilongwe-Water project - The Maravi Post: "WASHINGTON-(MaraviPost)-Half a million residents of Malawi’s capital city, Lilongwe, are set to benefit from improved water services and safely managed sanitation through a US$100 million project financed by the World Bank.

The World Bank this week approved financing for the six-year Lilongwe Water and Sanitation Project (LWSP) composed of a US$75 million credit and a $25 million grant from the International Development Association (IDA)"



'via Blog this'

MACRA to cut cost of calls from Malawi mobile phone operators | Malawi Nyasa Times - Malawi breaking news in Malawi

MACRA to cut cost of calls from Malawi mobile phone operators | Malawi Nyasa Times - Malawi breaking news in Malawi: "Malawi Communication Regulatory Authority (MACRA) says from 1st January, 2018, it will start reducing calling rates in order for people to make phone calls at affordable prices in the country. The termination rate is included in the tarrif

MACRA’s Director General Godfrey Itaye said this in Blantyre when he announced the setting up of maximum call termination rates towards improving affordability of making calls in the country."



'via Blog this'

Malawi News Agency Online - Government says Mzuzu--Nkhata Bay Road to complete in April 2018

Malawi News Agency Online - Government says Mzuzu--Nkhata Bay Road to complete in April 2018: "Nkhata Bay, December 20, 2017:  Government has disclosed that state of the art K17 billion Mzuzu--Nkhata Bay Road which is being rehabilitated by Germany contractors, Strabag International will be completed in April 2018.

Minister of Transport and Public Works, Jappie Mhango disclosed this Monday after touring some development projects in the district."



'via Blog this'

Malawi On The Move:Textile Plant Set For Construction In Salima – Malawi Voice

Malawi On The Move:Textile Plant Set For Construction In Salima – Malawi Voice: "Cotton Council of Malawi (CCM) has disclosed that a textile manufacturing plant will be constructed in the lakeshore District of Salima as one way of promoting the dwelling cotton industry in the country.

The Chief Executive (CEO) for CCM, Cosmas Lwanda broke the news when his organization and African Institute of Corporate Citizenship (AICCC) had an interface meeting with members of the Parliamentary Committee on Agriculture of the National Assembly at Sunbird Capital Hotel Lilongwe recently."



'via Blog this'

MSE Pleased with 2017 Business Outcome

MSE Pleased with 2017 Business Outcome: "Blantyre, Dec 20: Malawi Stock Exchange (MSE) has expressed satisfaction with this year’s outcome on the stock market, saying it has registered significant progress in both traded values and volume.

Speaking in an interview with Malawi News Agency (MANA) Wednesday, MSE Operations Manager Esnart Chilije said the outcome of the stock market for this year is higher compared to previous years."



'via Blog this'

State Of Art MBS Laboratories Ready June

State Of Art MBS Laboratories Ready June: "The k12.4 billion international laboratories and offices complex for the Malawi Bureau of Standards (MBS) in Blantyre will be ready by June next year, officials have confirmed.

Director General Davlin Chokazinga confirmed to Zodiak by January next year, the contractor would have finished roofing and other general constructions.

Construction of the state of the art MBS offices and laboratories will reduce the need for the retesting, re-inspection and re-certification of goods from Malawi through Standardization and Quality Assurance in Malawi (SQAM) project outside the country."



'via Blog this'

Malawi’s Tongole Wilderness Lodge awarded Best in Africa in 3 categories in the 2018 Safari Awards - The Maravi Post

Malawi’s Tongole Wilderness Lodge awarded Best in Africa in 3 categories in the 2018 Safari Awards - The Maravi Post: "Rapidly emerging African destination Malawi was in the spotlight at the 2018 Safari Awards, held at the World Travel Market in London on 6th November. This was largely due to the huge success of Tongole Wilderness Lodge, proudly receiving Best in Africa awards in three categories:"



'via Blog this'

Chibuku Products Limited to be sold | The Times Group

Chibuku Products Limited to be sold | The Times Group:







Chibuku Products Limited to be sold
Posted By: Grace Thipa on: December 19, 2017 In: Business No Comments
The Comesa Competition Commission has confirmed receiving a notification on the proposed
acquisition of Chibuku Products Limited by Delta Corporation Limited, a Zimbabwean public
company listed on the Zimbabwe Stock Exchange.
A merger inquiry notice number 26 of 2017 posted on the commission's website indicates that the
two parties involved in the transaction, Delta Corporation Limited and Malawi Traditional
Beverages Limited, have submitted that the transaction involves the acquisition of control by Delta
of Malawi Traditional Beverages Limited, a private company incorporated under the laws of
Malawi.



'via Blog this'

Bank, interest rates spread stir debate - The Nation Online

Bank, interest rates spread stir debate - The Nation Online:



Bank, interest rates spread stir debate

Orama Chinamulungu @ December 21, 2017 o Comments

The 10 percentage points gap between commercial bank lending rates and the bank rate has

stirred debate with some economists saying the spread is too much and a detriment to the

economy while others argue that it is justifiable.

When the Reserve Bank of Malawi (RBM) slashed the bank rate the rate at which the

commercial banks borrow money from the central bank by four percentage points to 18

percent from 22 percent, most commercial banks followed suit by cutting lending rates.



'via Blog this'

Reserve Bank reduces policy rate to 16% - The Nation Online

Reserve Bank reduces policy rate to 16% - The Nation Online:







The Reserve Bank of Malawi (RBM) has trimmed the policy rate the rate at which commercial

banks borrow from the central bank as lender of last resort by two percentage points from 18

percent to 16 percent.

This is the fourth time the central bank's Monetary Policy Committee (MPC) has reduced the

benchmark rate since November 2016, reducing by a total of 11 percentage points.



'via Blog this'

Rallying kwacha | The Times Group

Rallying kwacha | The Times Group:





Rallying kwacha

Posted By: William Kumwembe on: December 20, 2017 In: Business No Comments

In February 2012, then Malawi President Bingu wa Mutharika adamantly shot down demands by

the International Monetary Fund (IMF), donors and some economists to devaluate the kwacha.

His reasoning was interesting; "Doing that will only worsen poor people's lives."

Mutharika, an economist himself, was against the stand the IMF took, indicating that devaluing the

local currency would boost exports while taming demand for imports.



'via Blog this'

Malawi electricity tariffs to go up by 24.67% with diesel-powered generators | Malawi Nyasa Times - Malawi breaking news in Malawi

Malawi electricity tariffs to go up by 24.67%  with diesel-powered generators | Malawi Nyasa Times - Malawi breaking news in Malawi: "Malawians will start dipping deeper in their pockets to pay for electricity as Malawi Energy Regulatory Authority (Mera) has approved a tariff hike of 24.57% but has instructed the state-owned  Electricity Supply Corporation of Malawi (Escom)  to effect the raise  when they starts using the generators."



'via Blog this'

President Mutharika presides over groundbreaking ceremony of Chichiri Business Park in Blantyre - The Maravi Post

President Mutharika presides over groundbreaking ceremony of Chichiri Business Park in Blantyre - The Maravi Post: "President Professor Arthur Peter Mutharika has said foreign direct investments is a vital catalyst for the country’s development.

Speaking on Tuesday during the ground breaking ceremony for the Sogecoa Business Park site at Chichiri in Blantyre, Mutharika said foreign direct investments, particularly from the Chinese Government have proved to be crucial to the country’s development."



'via Blog this'

Inflation eases to 7.7% in November | The Times Group

Inflation eases to 7.7% in November | The Times Group:





Inflation eases to 7.7% in November

Posted By: Taonga Sabola on: December 18, 2017 In: Business No Comments

Malawi's headline inflation continued on its downward trajectory, slowing to 7.7 percent in

November, the National Statistical Office has said.

The continued fall in inflation is largely driven by wide food availability, resulting in prices

remaining subdued.

Currently, the country's staple food, maize, is trading at an average price of K4,500 per 50

kilogramme bag.

The November inflation is just 1.4 percentage points shy of the record low of 6.3 percent in

December 2010



'via Blog this'

EDF targets 120 000 tonnes rice export in 2018 - The Nation Online

EDF targets 120 000 tonnes rice export in 2018 - The Nation Online:

EDF targets 120 000 tonnes rice export 

in 2018 
Happy Mwachande @ December 14, 2017 o Comments 
Export Development Fund (EDF), a financing institution for export business, expects the country 
to export 120 000 tonnes of kilombero rice in 2018 through the pre-season contracts that have 
offered to farmers after securing markets for the crop. 
This development comes at a time rice growers are producing below the required demand, a 
situation they attribute to lack of viable markets for the commodity. 

'via Blog this'

Illovo's Fraud Case To Resume In Court Next Week • Nyasa Express

Illovo's Fraud Case To Resume In Court Next Week • Nyasa Express: "Illovo’s Fraud Case To Resume In Court Next Week
December 9, 2017 Nyasa Express 0 Comments Courts, Illovo, PHL
The high profile civil case in which Illovo Sugar Malawi (ISM) has been sued by its minority shareholder Prudential Holdings Ltd (PHL) over disputed payments abroad, returns to the Commercial Court in Blantyre on Monday and Tuesday, December 11-12.

The trial was postponed six months. Justice John Katsala is hearing the civil suit.

When it was being postponed, Senior Counsel Shabir Latif, representing Illovo, had been grilling Gordon Tembo, a partner of KPMG, whose firm had produced an assessment of the disputed payments on behalf of PHL."



'via Blog this'

Parliament Endorses K117 Billion Bill • Nyasa Express

Parliament Endorses K117 Billion Bill • Nyasa Express: "Parliament Endorses K117 Billion Bill
December 14, 2017 Nyasa Express Parliament, Shire Valley, World Bank
Parliament on Wednesday authorized the government to borrow $160 million (about K117 billion) from the World Bank to finance an ambitious agricultural project in the Shire Valley.

The project seeks to increase agricultural production through irrigation and support to farmer organisations.

The Shire Valley Transformation Project is expected to run for a period of 14 years from 2017 at a total value of $575 million to be funded through loans from the World Bank, African Development Bank (AfDB) and the Government of Malawi."



'via Blog this'

Malawi Kwacha Gains Ground Against Dollar • Nyasa Express

Malawi Kwacha Gains Ground Against Dollar • Nyasa Express: "Malawi Kwacha Gains Ground Against Dollar
December 14, 2017 Nyasa Express Inflation, Malawi Kwacha, US Dollar
The country’s currency, Kwacha, this week registered positive trends when it appreciated against major foreign currencies especially the United States dollar.

Malawi Kwacha has been largely stable for the past one year or so despite the country’s inflation going down to a single digit."



'via Blog this'

Egenco To Construct Dams To Ease Power Challenges

Egenco To Construct Dams To Ease Power Challenges: "Malawi's sole enrgy generating company EGENCO intends to tackle the challenge of low water levels by constructing dams.

The dams will be constructed from the rivers that feed into the Shire.

According to Moses Gwaza who is EGENCO's Senior Public Relations Manager,they are expected to start construction of the dams sometime next year."



'via Blog this'

K18bn MJ Mountain Project Starts: To Tap Water From The Mountain To BT City & Surrounding Areas – Malawi Voice

K18bn MJ Mountain Project Starts: To Tap Water From The Mountain To BT City & Surrounding Areas – Malawi Voice: "Citizens for the Protection of Mulanje Mountain (CPM) has maintained that they will still demand Blantyre Water Board (BWB) to fulfil their demands among others, to plant trees in a designated area where the water intake point is located or else they will block the implementation of the much awaited $23.5 million (about K18 billion) water supply project to tap water from Mulanje Mountain to Blantyre City and surrounding areas."



'via Blog this'

Electricity supply improving in Malawi | Malawi 24 - All the latest Malawi news

Electricity supply improving in Malawi | Malawi 24 - All the latest Malawi news: "Malawi is slowly getting past the dark age as electricity supply is improving with the increase in generation capacity.

The year 2017 has been a year to forget with almost every area in Malawi having a taste of 24hour blackouts.


The energy capacity has now risen to 200 megawatts from 147 megawatts.

This is alluded to the drop of water levels in Lake Malawi which affects generation of electricity at hydroelectric power stations in the country."



'via Blog this'

Vale Moçambique withdraws from the Sena Railroad and the port of Beira to export coal | Hellenic Shipping News Worldwide

Vale Moçambique withdraws from the Sena Railroad and the port of Beira to export coal | Hellenic Shipping News Worldwide: "Vale Moçambique withdraws from the Sena Railroad and the port of Beira to export coal
in Port News 05/12/2017


Vale Moçambique, a subsidiary of Brazilian mining group Vale, will stop using the Sena Railroad and the port of Beira for its coal exports, which will be focused on the Nacala Logistics Corridor (CLN) and its deep-water port, said the chairman of the company.

Márcio Godoy told daily newspaper Noticias, on the sidelines of the ceremony to sign contracts for financing the CLN, that the company intends to increase coal exports from 12 million tons this year to 17 million or 18 million tons in 2018 coal, “a quantity that can easily be accommodated in the CLN.”"



'via Blog this'

Maize export ban costs Malawi k69bn - The Nation Online

Maize export ban costs Malawi k69bn - The Nation Online:



Maize export ban costs Malawi k69bn

Tinenenji Chalanda @ December 14, 2017 o Comments

Malawi has lost about K69 billion in potential export revenue due to the maize export ban

imposed after the 2016/17 harvesting period, a study by the International Food Policy Research

Institute (Ifpri) has estimated.

Findings of the study, prepared at the request of Britain's Department for International

Development (DfID) and the United States Agency for International Development (USaid)

estimate that local traders could have earned between K39 and K69 billion in gross revenues if

they were allowed to export to Kigali in Rwanda and between K29 and K54 billion for exports to

Dar es Salaam in Tanzania in August or September this year.







'via Blog this'

Malawi Risks Losing US Energy Funding

Malawi Risks Losing US Energy Funding: "The United States of America has warned of pulling out the Millennium Challenge Compact should Malawi fail to meet the required standards in fighting corruption in the power generation sector.

US Ambassador to Malawi Virginia Palmer told Zodiak Online her government is monitoring trends in Malawi especially in programs where American citizens’ taxes are invested for the benefit of Malawi.

Corruption, especially in procurement in energy sector, would take away US aid, she warned, Americans would love to see their tax funds help improve lives."



'via Blog this'

Africa richest man Dangote interested to invest fertiliser plant in Malawi, says new Nigeria envoy - The Maravi Post

Africa richest man Dangote interested to invest fertiliser plant in Malawi, says new Nigeria envoy - The Maravi Post: "Africa’s richest man, Aliko Dangote is interested in investing in the agricultural sector by establishing a fertilizer manufacturing company in Malawi, Nigerian High Commissioner Designate, retired Brigadier General Stanley Diriyai, has revealed.

Diriyai disclosed Dangote’s interest on Tuesday after presenting his letters of credence to Malawi’s president Professor Peter Mutharika at the New State House in Lilongwe."



'via Blog this'

Mkango Resources gets green light from TSXV for Talaxis transaction

Mkango Resources gets green light from TSXV for Talaxis transaction: "Mkango Resources gets green light from TSXV
Mkango Resources has announced the conditional acceptance of the Talaxis transaction by the TSX Venture Exchange is subject only to shareholder approval.
Pursuant to the agreement between Mkango Resources and Talaxis:
Talaxis will invest £12 million in three tranches to fully fund a feasibility study in Songwe for a 49% interest in the project, in addition to £2 million in two tranches in return for a 49% interest in a new venture (Newco) to be established by Mkango Resources focused on neodymium alloy powders, magnet and other technologies"



'via Blog this'

uranium spot price today - Google Search

uranium spot price today - Google Search: "TradeTech – Uranium Prices & Analysis since 1968. Media - In the Market.
Update for the public provided three days after publication. November 24, 2017 - TradeTech's Weekly U3O8 Spot Price Indicator is $23.60 per pound U3O8.
Nov 24 - $23.60 per pound U3O8 - TradeTech – Uranium Prices ...
www.uranium.info/in_the_market.php"





'via Blog this'

Small office space demand high—Report - The Nation Online

Small office space demand high—Report - The Nation Online:





Small office space demand high—

Report

Orama Chinamulungu @ December 8, 2017 o Comments

Malawi's rental market has seen a rising demand for small office space while there has been a

decrease in demand for larger offices, a property management firm has said.

In its 2017 Africa Report, Knight Frank has noted a general move towards modular office space

that allows occupiers to downsize or increase space as the need arises.

'via Blog this'

Small office space demand high—Report - The Nation Online

Small office space demand high—Report - The Nation Online:





Small office space demand high—

Report

Orama Chinamulungu @ December 8, 2017 o Comments

Malawi's rental market has seen a rising demand for small office space while there has been a

decrease in demand for larger offices, a property management firm has said.

In its 2017 Africa Report, Knight Frank has noted a general move towards modular office space

that allows occupiers to downsize or increase space as the need arises.

'via Blog this'

Small office space demand high—Report - The Nation Online

Small office space demand high—Report - The Nation Online:





Small office space demand high—

Report

Orama Chinamulungu @ December 8, 2017 o Comments

Malawi's rental market has seen a rising demand for small office space while there has been a

decrease in demand for larger offices, a property management firm has said.

In its 2017 Africa Report, Knight Frank has noted a general move towards modular office space

that allows occupiers to downsize or increase space as the need arises.

'via Blog this'

Carlsberg Malawi re-brands to Castel | Malawi Nyasa Times - Malawi breaking news in Malawi

Carlsberg Malawi re-brands to Castel | Malawi Nyasa Times - Malawi breaking news in Malawi: "company, took majority shares in the Dutch franchise two years ago, however, the re-branding process has taken long.

The takeover means Carlsberg Malawi Brewery Limited will now be called Castel Malawi Brewery Limited."



'via Blog this'

Malawi suffers blackouts as drought exposes 98% reliance on hydro power | World news | The Guardian

Malawi suffers blackouts as drought exposes 98% reliance on hydro power | World news | The Guardian: "to 25 hours. Photograph: Guido Dingemans/Alamy Stock Photo
Agence France-Presse

Friday 8 December 2017 02.47 GMT

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Large parts of Malawi have been plunged into darkness as water levels at the country’s main hydro power plant fell to critical levels due to a severe drought, according to its electricity company."



'via Blog this'

Kazakh supply shock to jolt uranium price | MINING.com

Kazakh supply shock to jolt uranium price | MINING.com: "The announcement made by uranium giant Cameco a month ago that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan, Canada did little to move to languishing uranium price. Last week the nuclear fuel was pegged at $23 a pound, a level it has hovered around for long stretches of 2017.

This type of supply shock will spur strength in the spot U3O8 price as a significant amount of expected production for 2018-20 is removed
On Monday, the world largest producer of uranium, surprised the beleaguered market with a larger than expected cut to production of its own."



'via Blog this'

Creditor leaves Paladin renewal in doubt | The West Australian

Creditor leaves Paladin renewal in doubt | The West Australian: "he French creditor that forced uranium miner Paladin Energy into administration is now threatening to torpedo its recapitalisation.
Creditors of the collapsed miner yesterday voted in favour of a restructure proposal put forward by unsecured bondholders that would have the company continue operating as a going concern and be reinstated to the Australian Securities Exchange."



'via Blog this'

Malawi’s forex reserves recover from slight decline - The Nation Online

Malawi’s forex reserves recover from slight decline - The Nation Online:



Malawi's gross foreign exchange reserves a combination of official and private sector reserves

inched upwards to 3.68 months of import last week recovering from the prior week's slight

fall.

According to Reserve Bank of Malawi's (RBM) daily financial market report for November 29 the

gross official reserves rose to $770.06 million (about K5.6 billion), equivalent to 3.68 months of

import cover on November 27.

'via Blog this'