Uranium prices force Paladin into Namibia mine shutdown | The West Australian

Uranium prices force Paladin into Namibia mine shutdown | The West Australian: "Paladin Energy’s Langer Heinrich mine in Namibia.
Refloated uranium miner Paladin Energy has flagged the closure of its Langer Heinrich mine in Namibia in response to “stubbornly low” uranium prices.

The company said yesterday it had taken steps towards a decision to place the mine on care and maintenance, which could see the asset closed in three to four months.

No mining activity is taking place at Langer Heinrich with the processing plant operating on medium-grade ore stockpiles."



'via Blog this'

Tobacco Fetches K13bn in Two Weeks

Tobacco Fetches K13bn in Two Weeks: "Tobacco has fetched over $17, 979, 266 (equivalent to K13.3 billion) in the first two weeks since the opening of markets this season.

The official figures provided by Auction Holdings Limited indicate that as of Friday 20th April 2018, over 12 million kilograms of tobacco had been sold at an average price of $1.42 per kilogram.

AHL Corporate Affairs Manager Mark Ndipita says the results indicate that the market is performing better this year than last season when during the same period only $6, 056,929 dollars was realized from 3, 750 000 kilograms of tobacco at an average price of $1.61 per kilogram.

Ndipita told Zodiak Online that over 3, 000, 000 kilo of auction burley worth over $3, 579, 377 was sold at an average price of $1.19."



'via Blog this'

IMF decides Malawi’s Extended Credit Facility Monday | The Times Group

IMF decides Malawi’s Extended Credit Facility Monday | The Times Group:



The International Monetary Fund (IMF) is Monday expected to decide on whether or not to give

Malawi a new Extended Credit Facility (ECF) programme.

The IMF Mission Team— which came to Malawi in February this year and had discussions with

Capital Hill— is today expected to present the Malawi case to the institution's board in Washington

DC.

Malawi's last ECF programme valued at $156.2 million expired in 2017. The facility was approved

in 2012 during the leadership of former president Joyce Banda—and was meant to cushion

Lilongwe from economic shocks such as dry spells and floods.

Ahead of today's meeting, both Capital Hill and IMF have indicated that the pillar for the next ECF

programme— if approved—would be microeconomic stability so as to enhance growth of Malawi's

economy.





'via Blog this'

Remittances rise to $38 million in 2017 | The Times Group

Remittances rise to $38 million in 2017 | The Times Group:



Remittances rise to $38 million in 2017

Posted By: Taonga Sabola on: April 27, 2018 In: Business No Comments

Malawians living in the diaspora sent back home about US$38 million in 2017, a latest report by

the World Bank has shown.

The amount, according to the Migration and Development Brief released on Monday is $4 million

more than $34 million recorded in 2016.

The bank says remittances to low- and middle-income countries rebounded to a record level in

2017 after two consecutive years of decline.

World Bank estimates that officially recorded remittances to low- and middle-income countries

reached $466 billion in 2017, an increase of 8.5 percent over $429 billion in 2016.

Global remittances, which include flows to high-income countries, grew 7 percent to $613 billion in

2017, from $573 billion in 2016.





'via Blog this'

$18M OF TOBACCO SOLD - The Express

$18M OF TOBACCO SOLD - The Express: "THE TOBACCO selling season in Malawi has started on a promising note after realising $17, 979,266.53 (about K13 billion) in the first two weeks of trading, a report by official seller, AHL Group and regulator, Tobacco Control Commission, TCC, has revealed.

According to the report, as on Friday almost 12, 620,569 kilograms of tobacco were sold at an average price of $1.42 per kilogram realizing $18 million while last year 3.8 million kilograms were sold at an average price of $1.61 per kilogram with proceeds amounting $6.1 million.

The report, however, has indicated that despite weather challenges experienced during production of tobacco in the 2017-2018 season, the quality of tobacco presented on the market has so far proven to be good."



'via Blog this'

AIRTEL says data prices are falling - The Express

AIRTEL  says data prices are falling - The Express: "MOBILE data prices in Malawi have been on a significant downward spiral over the past two years, dropping by an average of 40 percent per annum contradicting claims by subscribers that the country had some of the most expensive data tariffs in the SADC region.

Airtel Malawi’s corporate communications manager, Norah Chavula-Chirwa told The Express that the costs were even lower than in some coastal countries, considering the fact that data costs more in landlocked states"



'via Blog this'

EGENCO still need more rains | Malawi 24 - Malawi news

EGENCO still need more rains | Malawi 24 - Malawi news: "Electricity Generation Company (EGENCO) says there has not been enough rains for the company to generate enough power.

EGENCO public relations officer Moses Gwaza told Malawi24 that the water level in Lake Malawi is still not at the required point."



'via Blog this'

Capital Hill Eyes $3 bn Investment Pledges From Investment Forum

Capital Hill Eyes $3 bn Investment Pledges From Investment Forum:



Ministry of Industry Trade and Tourism has disclosed that the third Investment Forum

will take place between the 11th and 12th of June this year in Lilongwe.

The third Investment Forum will be held after a similar event was suspended last year for

failing to produce tangible results over the past three years.

Minister of Industry, Trade and Tourism Henry Musa however believes the annual

Investment Forum has proven to be an effective strategy of marketing Malawi's

I nvestment potential


'via Blog this'

Nkula A rehabilitation to be completed August | Malawi 24 - Malawi news

Nkula A rehabilitation to be completed August | Malawi 24 - Malawi news: "Nkula A rehabilitation to be completed August 0
BY ARCHANGEL NZANGAYA ON APR 26, 2018 TOP NEWS
The modernisation of Malawi’s main power production station Nkula A will be completed in August and is expected to add 12 Megawatts (MW) to the national grid.

This is according to Electricity Generation Company (EGENCO) public relations officer Moses Gwaza who was speaking to Malawi24."



'via Blog this'

Sovereign Graphite — A Robust African Project — Core Consultants

Sovereign Graphite — A Robust African Project — Core Consultants: "Sovereign Metals: An African Graphite Project with Enviable Infrastructure
24TH APRIL 2018 BY LARA SMITH





The weekend before the African Mining Indaba in Feb, Core Consultants had the privilege of flying to Malawi for a private tour of Sovereign Metals’ (ASX:SVM) (“Sovereign”) Malingunde graphite project, and I have to say that, in my opinion, it ranks as one of the better graphite development projects with some compelling investment factors."



'via Blog this'

Low power tariffs frustrating Independent Power Producers | The Times Group

Low power tariffs frustrating Independent Power Producers | The Times Group:Low power tariffs frustrating Independent Power Producers

Posted By: Caroline Kandiero on: April 25; 2018 In: Business No Comments

About three quarters of Independent Power

Producers (IPPs) who signed Memorandums

of Understanding (MoUs) with the government

are said to have pulled out of the deals due to

low tariffs offered by the buyer, Electricity

Supply Corporation of Malawi (Escom).





'via Blog this'

IMF trims Malawi Growth forecast - The Nation Online

IMF trims Malawi Growth forecast - The Nation Online:



IMFtrimsMalawiGrowth forecast

Grace Phiri @ April 25, 2018 o Comments

The International Monetary Fund (IMF) has trimmed the country's GDP growth forecast for

2018 to four percent against government's forecast of 4-5 percent, a development analysts say

will lessen investor confidence and decrease private sector activity.

The new forecast is contained in the IMF April 2018 World Economic Outlook (WEO), which puts

Malawi alongside Tanzania, Ghana, Burkina Faso, Uganda, Botswana, Zambia, Cameroon,

Mauritius, Sierra Leone, Mozambique, Tunisia, Lesotho and Angola among economies with

deteriorating growth in their real gross domestic product (GDP) growth projection for 2018.





'via Blog this'

Govt to continue importing cement products

Govt to continue importing cement products: "Government says it will continue importing cement products to supplement local production.

The Ministry of Industry, Trade and Tourism says such is the case because the domestic production has not reached its peak due to inconsistent power supply.

Since the country started experiencing power problems last year, local cement manufacturers scaled down production, a situation which forced contractors to start importing cement products from other countries such as Zambia.

According to Deputy Director of Small and Medium Enterprises in the Ministry of Industry, Trade and Tourism Wiskes Mkombezi, the window created some challenges on the part of the buyers, as most traders took advantage of the situation by over charging the prices on the market.
"



'via Blog this'

Malawi cotton farmers smile at 17 percent price increase - The Maravi Post

Malawi cotton farmers smile at 17 percent price increase - The Maravi Post: "The Cotton Farmers Association of Malawi (Cfam) on Friday smiled at the government set minimum farm gate prices for cotton this year which is pegged at MK375 per kilogramme from last year’s MK320.

The change represents a 17 percent increase in the prices, a development which has excited cotton farmers in the country.

This was revealed during a press conference held by officials from the Ministry of Agriculture jointly with the Cotton Council of Malawi (CCM) and the Cotton Farmers Association of Malawi (Cfam) in Lilongwe on Friday."



'via Blog this'

CHEERS FOR THE BEERS - The Express

CHEERS FOR THE BEERS - The Express: "MALAWI’s largest conglomerate, Press Corporation PLC posted a massive 159 percent increase in its group profit in the past financial year, largely from a partial sale of its sales in Carlsberg Breweries to Castel Internationalle.

The deal with the company, now called Castel Malawi, reduced to 20 percent PCL’s shares in Carlsberg Malawi from 39.65 percent."



'via Blog this'

Demand falls on rentals - The Express

Demand falls on rentals - The Express: "THE property market is currently faced with one of its lowest demands for rentals despite an upsurge in the construction industry.

Don Whayo who is MD of Knight Frank Malawi, explained to The Express that most buildings that are under construction, especially in Blantyre, are either for specific projects or for owner-occupation.

This will have little impact on the property management business which depends mainly on private or institutional property developments."



'via Blog this'

Malawi News Agency Online - Malawi expects a rise in tourists from China

Malawi News Agency Online - Malawi expects a rise in tourists from China: " 

Lilongwe, April 19, 2018: Director for Tourism, Isaac Katopola says Malawi expects a boom in Chinese travelers and holiday makers coming into the country by the year 2020.

This comes as Malawi through the Department of Tourism in conjunction with the Malawi Mission in Beijing exhibited Malawi’s hospitality industry at the 15th China outbound Travel and Tourism Market (COTTM) held at the National Agricultural Exhibition Centre from April 16 to 18, 2018 in Beijing.

“We presented Malawi as a travel destination rich in diversity, compact in size, rich in hospitality with an authentic and original African travel experience,” Katopola, who led the Malawi delegation, said.

Some of the attractions presented include Lake Malawi and its clean sandy beaches, biodiversity and ecotourism Islands, wildlife and natural scenery attractions like mountains."



'via Blog this'

Auction Holdings Limited posts K44bn loss in just a year | Malawi Nyasa Times - Malawi breaking news in Malawi

Auction Holdings Limited posts K44bn loss in just a year | Malawi Nyasa Times - Malawi breaking news in Malawi:


Auction Holdings Limited posts K44bn loss in just a year

Be the first to comment

April 21, 2018 Owen Khamula - Nyasa Times

State run tobacco and produce market, Auction Holdings Limited (AHL) has posted a record K44 billion in last year's seasor a revelation that has shocked parliament.  Group Head of Risk and  Compliance at AHL Madalitso  Jerenje told the Budget and  Finance  committee 

of  parliament that this was as a  result of much of their commodities failure to be sold.



'via Blog this'

Investors continue to shun government bonds - The Nation Online

Investors continue to shun government bonds - The Nation Online:



Investors continue to shun

government bonds

Grace O April 19, 2018 1 Comment

Treasury' s hope of boosting trading on the 13- counter Malawi Stock Exchange (MSE) and

promoting financial assets diversification for investors is failing materialise.

This follows the lukewarm response from investors particularly on the listed bonds, a

situation market analysts attribute to the nature of investors.





'via Blog this'

Kwacha’s strong outlook persists | The Times Group

Kwacha’s strong outlook persists | The Times Group: "Kwacha’s strong outlook persists
Posted By: Grace Thipaon: April 20, 2018In: BusinessNo Comments
An outlook of the performance of the economy going into the second quarter of 2018 done by Alliance Capital Limited, in association with Vunani Limited, points to continued stability of the exchange rate against the United States dollar, with a likelihood of appreciation.

However, Alliance Capital has also indicated that there are upside risks to other key fundamentals such as inflation, which is likely to go up following an anticipated rise in utilities and domestic fuel prices.

Elevated consumer spending associated with agricultural marketing season is also being seen as a potential risk factor.

Going forward, Alliance Capital has suggested that monetary authorities should exercise caution and be watchful of any changes in macroeconomic fundamentals."



'via Blog this'

Inflation under control— Reserve Bank of Malawi | The Times Group

Inflation under control— Reserve Bank of Malawi | The Times Group: "Inflation under control— Reserve Bank of Malawi
Posted By: Taonga Sabolaon: April 20, 2018In: BusinessNo Comments
The Reserve Bank of Malawi (RBM) has said it is confident the country’s headline inflation will decline in the coming months, despite sprouting in March.

Malawi’s headline inflation jumped by 2.1 percent in March, from 7.8 percent to 9.9 percent, raising fears that it may go back to double digits in the near future.

But RBM spokesperson, Mbane Ngwira, said looking at the month-on-month inflation, figures point to falling inflation."



'via Blog this'

Fears over risk of inflation reversal | The Times Group

Fears over risk of inflation reversal | The Times Group: "Fears over risk of inflation reversal
Posted By: Grace Thipaon: April 20, 2018In: BusinessNo Comments
The International Monetary Fund (IMF) has indicated that the risk of inflation reversal is now more real following quickening of the inflation rate to 9.9 percent year-on-year in March, from 7.8 percent the previous month.

This becomes the highest inflation rate on record since inflation made a historic turn to hit single digit at 9.3 percent in August, from 10.2 percent in July 2017.

Both IMF and the Economics Association of Malawi (Ecama) have indicated that the rising inflation rate is something that was expected."



'via Blog this'

Exploring Malawi’s export potential - tralac trade law centre

Exploring Malawi’s export potential - tralac trade law centre: "Exploring Malawi’s export potential

Photo credit: IFPRI
19 Apr 2018

Regional integration is the key to Malawi’s trade success, according to a new ITC report that uncovers the country’s greatest untapped export potential in agro-processing."



'via Blog this'

AECOM provides social services for Malawi graphite project

AECOM provides social services for Malawi graphite project: "Integrated infrastructure delivery company AECOM produced the winning bid for social services for Sovereign Metals’ Malingunde graphite project in the Lilongwe District in Malawi.

AECOM received a request for proposal from Sovereign Metals’ Environmental Assessment Practitioner (EAP), Dhamana Consulting of Perth, Australia. The EAP had approached three consulting firms, namely two in South Africa and one in Malawi, based on industry intelligence and recommendations from other professionals in the field."



'via Blog this'

Malawi inflation rate soars to 9.9 percent | Malawi 24 - Malawi news

Malawi inflation rate soars to 9.9 percent | Malawi 24 - Malawi news: "Malawi’s inflation rate rose to 9.9 percent in March from 7.8 percent in February.

The figures released by National Statistical Office (NSO) show that the inflation rate for March is the highest since July, 2017."



'via Blog this'

China donates K570 million equipment to Malawi | Malawi 24 - Malawi news

China donates K570 million equipment to Malawi | Malawi 24 - Malawi news: "China has donated office equipment worth K570 million to the Ministry of Industry, Trade and Tourism.

The items include computers, video conferencing units, cameras as well as office furniture.

"



'via Blog this'

Malawi: U.S. Gives Egenco Weed Harvesters to Cut On Power Black-Outs - allAfrica.com

Malawi: U.S. Gives Egenco Weed Harvesters to Cut On Power Black-Outs - allAfrica.com: "More a
The United States government has given Electricity Generation Company (Egenco) two weed harvesters worth US$40 million which both Washington and Lilongwe would reduce power black outs the country is experiencing.

The US ambassador to Malawi, Virginia Palmer said weed is a serious problem in the production of hydro-power as it gets stuck in turbines and damages machines forcing a stop to the production of electricity"



'via Blog this'

Malawi makes headway on economic transformation - The Nation Online

Malawi makes headway on economic transformation - The Nation Online:



Malawi makes headway on economic

transformation

Grace O April 18, 2018 o Comments

Malawi has improved on the Global Economic Transformation Index to 66 out of 129 countries

in 2018 from 90 in 2016, according to the Bertelsmann Stiftung Transformation Index (BTI)

published last week.

The 2018 BTI Malawi Country Report indicates that for the past two years, the country has

registered economic transformation gains. In 2016, Malawi failed to make economic

transformation gains, slipping eight places to 90 from 82 in 2014.





'via Blog this'

Malawi 2017 External Debt Rises to Record $2.06 Billion - Bloomberg

Malawi 2017 External Debt Rises to Record $2.06 Billion - Bloomberg: "
Malawi 2017 External Debt Rises to Record $2.06 Billion
By Frank Jomo
17 April 2018, 12:10 CEST
Malawi’s external debt rose 11 percent in 2017 from a year earlier to reach 1.49 trillion kwacha ($2.06 billion), the highest since at least 1984, according the Reserve Bank of Malawi.

Debt servicing fell 24 percent to 23.8b kwacha, including interest payments of 12.7b kwacha, the central bank said in a statement on its website."



'via Blog this'

Mera maintains fuel pump prices - The Nation Online

Mera maintains fuel pump prices - The Nation Online:



Mera maintains fuel pump prices

Grace O April 17, 2018 o Comments

Malawi Energy Regulatory Authority (Mera) has maintained fuel pump prices at current levels

which means that petrol remains at K824-70 per litre, diesel at K815.80 per litre and paraffin

at K648.70 per litre.

In a statement issued on Friday, Mera board chairperson Reverend Joseph Bvumbwe said the

average free on board (FOB) prices of petrol, diesel and paraffin increased in March 2018 when

compared to the averages obtained in the month of October 2016 which is used as the basis for

determining the ruling pump prices.





'via Blog this'

K16.2bn bank sale proceeds still idle - The Nation Online

K16.2bn bank sale proceeds still idle - The Nation Online:



K16.2bn bank sale proceeds still idle


Three years after disposing two commercial banks—Malawi Savings Bank (MSB) and Indebank government is yet to decide on how to use the proceeds which have accumulated to K16.2 billion.

Proceeds from the sale of its wholly-owned bank MSB at K9-5 billion and Indebank at K6.7 billion in 2015 were initially deposited in interest-generating Public Private Partnership Commission (PPPC) bank account before the money was moved to a government account, according to PPPC chief executive officer Jimmy Lipunga.





'via Blog this'

Dzombe takes over LL bus depot project - The Nation Online

Dzombe takes over LL bus depot project - The Nation Online:

A local
firm has taken over the multi-billion kwacha Lilongwe City Council's modern
international and intercity bus terminal project, which the council had previously earmarked to be implemented by Khato Civils, Nation on Sunday can reveal.

With pomp and fanfare LCC signed a memorandum of understanding (MoU) with Khato Civils
owned by South African-based Malawian business mogul Simbi Phiri to construct a modern intercity and

international bus depot

in
Lilongwe. 

'via Blog this'

Malawi Parliament budget meeting opens May four - The Maravi Post

Malawi Parliament budget meeting opens May four - The Maravi Post: "Meeting of Parliament, which is the 3rd Meeting of the 47th Session of parliament, is slated for Friday May 4, National Assembly has announced.

A press statement signed by Speaker of the National Assembly, Richard Msowoya, said the meeting will run up to Friday 29th June.

“All cabinet ministers, deputy ministers and honourable members of parliament are summoned to attend the meeting at the time and place indicated until adjournment Sine Die and herein fail not,” the statement reads in part.
President Prof. Peter Mutharika is expected to open the meeting at 10 am in the parliament chamber."



'via Blog this'

Poor prices mar Malawi tobacco market opening day ; as low as 80 cents/kg - The Maravi Post

Poor prices mar Malawi tobacco market opening day ; as low as 80 cents/kg - The Maravi Post: "
LILONGWE-(MaraviPost)-There is little for local tobacco farmers for this year’s marketing season with the first day as the green gold fetches as low as 80 cents per kilogram.

President Peter Mutharika and Vice-President Saulos Chilima opened this year’s tobacco market at Lilongwe Auction Floors on Monday.

This comes despite low production of tobacco in the 2018 growing season that is reduced by 14% meeting the buyers demands.

President Mutharika did offer little a hope by attempting to urge buyers to provide good prizes for farmer"



'via Blog this'

Govt Issues Licence To Kwacha Airlines – Malawi Voice

Govt Issues Licence To Kwacha Airlines – Malawi Voice: "An all Malawian-owned Kwacha Airlines has been granted a licence enabling it to start operating in Malawi on September 1, 2018.

The new airline will probably give Malawian Airlines tough competition but at the same time will give customers an opportunity to have more than one airline to choose from."



'via Blog this'

Khato Civils on course to implement Lake Malawi water project, says Simbi Phiri | Malawi Nyasa Times - Malawi breaking news in Malawi

Khato Civils on course to implement Lake Malawi water project, says Simbi Phiri | Malawi Nyasa Times - Engineering giants Khato Civils Limited say they are fully set to roll out implementation of Lake Malawi Water Supply Projevt which is their flagship undertaking in the country. Coastal Beach - Epic sunset, epic surf.


This dispels a recent newspaper report that hinted of a possible withdrawal from the project  after companys Executive  Chairman, Simbi Phiri, expressed displeasure with some red tape delaying are commencement of the
project. Malawi breaking news in Malawi:



'via Blog this'

Mkango’s feasibility for Songwe Hill under way

Mkango’s feasibility for Songwe Hill under way: "Mkango’s feasibility for Songwe Hill under way
13TH APRIL 2018

BY: NATASHA ODENDAAL
CREAMER MEDIA SENIOR DEPUTY EDITOR

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

FONT SIZE: -+

JOHANNESBURG (miningweekly.com) – TSX- and Aim-listed Mkango Resources is well positioned to advance its projects following investments by Noble Group subsidiary Talaxis, the exploration and development company outlined in a management discussion and analysis report for the year ended December 31, published on Friday."



'via Blog this'

Blantyre Hotels to Construct 4 Star Hotel in LL

Blantyre Hotels to Construct 4 Star Hotel in LL: "Malawi Stock Exchange listed Blantyre Hotels Limited is planning to construct a 180 room four star business hotel in the capital city, Lilongwe.

A financial statement for the company’s year ending September 2017 says the company is at an advanced stage of negotiations with the landowners for the proposed project.

The company anticipates to raise funds through the Stock Market Exchange (MSE) to fund the project.

“Design concept required for the preliminary clearances and approvals from the relevant authorities are in progress. It is anticipated that the company will be raising fresh equity through a rights issue towards funding the project costs,” reads the statement released by the MSE.

The statement says the company will release more details on the project later"



'via Blog this'

Debt, power top threats to growth | The Times Group

Debt, power top threats to growth | The Times Group:



Investment management and advisory firm, Nico Asset Managers has outlined five risks facing the

Malawi economy and has indicated that, if not addressed, these can affect real Gross Domestic

Product (GDP) growth this year.

The list includes persistent power outages, high population and government debt levels.

This is coming at a time, when economic think tank, the Economic Intelligence Unit revised the

growth figure for 2018 to 3.6 percent from an initial forecast of 4.1 percent.

The Reserve Bank of Malawi (RBM) also lowered its growth projection for 2018 to four percent

from 5.1 percent in 2017.

In its Monthly Economic Brief for March, Nico Asset Managers says the growth strides may be

compromised this year due to, among other things, high population growth, persistent weak export

base and banking sector risks.





'via Blog this'

Poor prices mar Malawi tobacco market opening day ; as low as 80 cents/kg - The Maravi Post

Poor prices mar Malawi tobacco market opening day ; as low as 80 cents/kg - The Maravi Post: "LILONGWE-(MaraviPost)-There is little for local tobacco farmers for this year’s marketing season with the first day as the green gold fetches as low as 80 cents per kilogram.

President Peter Mutharika and Vice-President Saulos Chilima opened this year’s tobacco market at Lilongwe Auction Floors on Monday.

This comes despite low production of tobacco in th"



'via Blog this'

Stock market buoyant | The Times Group

Stock market buoyant | The Times Group:



Stock market buoyant

Posted By: Grace Thipa on: April 09, 2018 In: Business No Comments

The stock market was buoyant in the first quarter of 2018, registering a positive return on index of

17.08 percent and an increase in both total traded value and volume.

Turnover inched to K 10.1 billion, compared to K727.6 million realised during the same period in

2017, representing 758.93 percent increase in share volume and 1294.67 percent in share value.

An update from the Malawi Stock Exchange (MSE) shows daily average share trades exhibited

similar trends with the share market registering an average daily volume of 5, 183,555 shares

compared to 603,487 shares traded in the corresponding first quarter of 2017.

The month of February registered the highest value traded of K7.7 billion and volume traded of

245,801 ,275.

Of the shares traded, 131.8 million NBS shares were traded as a Special Bargain.





'via Blog this'

Listed firms eye ballooning profits | The Times Group

Listed firms eye ballooning profits | The Times Group:



Listed firms eye ballooning profits

Posted By: Grace Thipa on: April 09, 2018 In: Business No Comments

Malawi Stock Exchange-listed Mpico Limited, Nico Holdings and Press Corporation PLC are

expecting profits for the year ended 2017 to be significantly higher than the earnings realised in

2016.

A weekly market report circulated by Cedar Capital, a brokering and dealership company formerly

operating as African Alliance, says Mpico has forecast a jump in profits 100 percent higher than,

what the company realised in 2016.

Towards the end of the 2016 Financial Year, Mpico raised K9 billion in a renounceable rights

issue, which converted its loans into equity.





'via Blog this'

Kwacha remains firm - The Nation Online

Kwacha remains firm - The Nation Online:



Kwacha remains firm

Orama Chinamulungu O April 7, 2018 o Comments

The Reserve Bank of Malawi (RBM) along with some economic commentators have said the

slight depreciation of the local unit recorded in the previous month is no cause for alarm but

rather a normal market occurrence.

The central bank and the economic commentators were reacting to a recent situation where

the kwacha has remained firm to major trading currencies for the past 14 months, but

experienced a slight depreciation last month by shedding off Kl.





'via Blog this'

Malawi's economy at risk of debt distress—IMF - The Maravi Post

Malawi's economy at risk of debt distress—IMF - The Maravi Post: "LILONGWE-The International Monetary Fund (IMF) has said authorities need to closely monitor debt dynamics, given the rapid speed at which debt stock is rising.


Recent studies have placed Malawi among countries, where debt is rising to risky levels.

IMF Resident Representative to Malawi, Jack Ree, told the Daily Times that the fund’s latest debt sustainability assessment has rated Malawi as a moderate debt risk country. He said, going forward, it would be critical for the government to manage fiscal policy prudently to consolidate gains made.

“A big part of this is to ensure that public debt remains sustainable and is deployed for good use.
“It would also require guarding against the risk of an over-building and ensuring that the debt is deployed to good uses,” he said.

Ree further said there is need to factor in recurrence of shocks, resulting from climate change."



'via Blog this'

A LASTING LEGACY FOR AFRICAN CONSTRUCTION

A LASTING LEGACY FOR AFRICAN CONSTRUCTION: "
A LASTING LEGACY FOR AFRICAN CONSTRUCTION
With their sights firmly set on new opportunities on the African continent’s horizon, Khato Civils, a Khato Holdings company, has grown from a Construction Industry Development Board (CIDB) grade 4 to a CIDB grade 9 company—one of very few wholly black-owned construction companies to do so
April 5th, 2018
Tags: infrastructure,  development,  khato holdings,  water and sanitation,  success

Specialising in the development of large-scale infrastructure, Khato Civils has established itself as one of the leading black emerging construction companies within the South African market, thanks to a team of qualified professionals with broad experience in areas of earthworks, pipelines, waterworks, roads and concrete works."



'via Blog this'

3ders.org - Metalysis secures $17M, prepares to roll out Gen4 metal powder tech for additive manufacturing | 3D Printer News & 3D Printing News

3ders.org - Metalysis secures $17M, prepares to roll out Gen4 metal powder tech for additive manufacturing | 3D Printer News & 3D Printing News: "Metalysis secures $17M, prepares to roll out Gen4 metal powder tech for additive manufacturing
Mar 28, 2018 | By Tess

Metalysis, a UK manufacturer of 3D printable metal alloy powders, has raised £12 million ($17 million) from investors. The funding will help the company pursue its Generation 4 (Gen4) industrial-scale expansion initiative and will go towards establishing cutting-edge post-processing facilities, metal feedstock, and more."



'via Blog this'

Sovereign Metals: Wide High-Grade Graphite Intercepts Continue At Malingunde - Junior Mining Network

Sovereign Metals: Wide High-Grade Graphite Intercepts Continue At Malingunde - Junior Mining Network:

Mr. Julian Stephens reports:

West Perth, WA / April 3, 2018 / JMN Wire / Sovereign Metals Limited (ASX: SVM)

("the Company" or "Sovereign") is pleased to report the fourth and final batch of assay

results from the 2017 aircore drilling program from its 100%-owned saprolite-hosted

flake graphite projects in Malawi. The results represent mostly infill drilling in the

central and northern parts of the main Malingunde deposit.





'via Blog this'

Malawi to reclaim global groundnuts market—Firm - The Nation Online

Malawi to reclaim global groundnuts market—Firm - The Nation Online:



Malawi to reclaim global groundnuts

market—Firm

Christopher O April 3, 2018 o Comments

Malawi has engaged an extra gear to reclaim the lost global groundnut market by opening a

factory in Lilongwe for value addition as well as producing oil for local and export market.

A new company called Afri Oils Limited has been formed through a Public Private Partnership

(PPP) arrangement involving National Smallholder Farmers Association of Malawi (Nasfam) ,

Ag DevCo, Exagris Limited, Humana Twin Trading, Cordaid and Waterloo Foundation.

The firm has set up an oil processing factory at Njewa, along the Lilongwe-Mchinji Road.





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