‘Malawi ready for industrialisation’ – The Nation Online

‘Malawi ready for industrialisation’ – The Nation Online: The projects to be financed include the international airport, a holiday resort at Cape Maclear and a logistics park in Mangochi, rehabilitation of Liwonde Dry Port and rail lines along the Nacala Corridor, construction and rehabilitation of M5 Road as well as industrial parks in Blantyre and Lilongwe.

Minister of Finance, Economic Planning and Development Joseph Mwanamvekha signed the MoU on behalf of� the Malawi Government while Afreximbank president Benedict Oramah signed on behalf of the bank.

Malawi Investment Forum targets 800 delegates | The Times Group

Malawi Investment Forum targets 800 delegates | The Times Group: "Malawi Investment Forum targets 800 delegates
Posted By: Caroline Kandieroon: May 24, 2018In: BusinessNo Comments
As the countdown to the 2018 Malawi Investment Forum (MIF) continues, the Malawi Investment and Trade Centre (Mitc) has said it expects the event to attract 800 delegates.

Mitc Public Relations Manager, Deliby Chimbalu, said, so far, 300 delegates have confirmed their participation at the MIF slated for June 11 and and 12 at the Bingu International Convention Centre in Lilongwe..

Chimbalu said Mitc is working with Malawi foreign missions to woo more delegates to attend the event."



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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


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Malawi Investment Forum courts millions | The Times Group

Malawi Investment Forum courts millions | The Times Group: THE second Malawi Investment Forum (MIF) held last year courted deals worth $26 million targeting export of various commodities. Since 2015, Malawi has been conducting investment forums to attract both foreign and local investments into the country.

Malawi Investment Pledges Soar - MITC

Malawi Investment Pledges Soar - MITC: "Malawi Investment Pledges Soar - MITC


Malawi has received major investment pledges totaling 250 million dollars about 90 billion kwacha between July last year to April this year.

Malawi Investment and Trade Center Chief Executive officer Clement Kumbemba says most of the investor are already doing studies specifically in areas of mining, tourism, agriculture and energy."

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Illovo raises dividends at Africa units | Companies | BDlive

Illovo raises dividends at Africa units | Companies | BDlive: "ILLOVO Sugar, Africa’s biggest sugar producer, is paying out increased interim dividends at its Malawi and Zambian units, where the group made 33% and 39% of its operating profit in the 2012 financial year.

The group is focusing on its operations in the rest of Africa to supplement flagging sugar production prospects in South Africa."

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Energy sector ropes in 4 firms

Energy sector ropes in 4 firms: "Energy sector ropes in 4 firms
WEDNESDAY, 03 APRIL 2013 09:10 KINGSLEY JASSI

The  Ministry of Energy says four companies have so far started investing in energy sector.

Principal Secretary in the Ministry Winfred Masanjala said this when he presented the report to the Parliamentary Committee on Budget and Finance recently.

The four companies have a potential to produce a combined 1,235 megawatts with much of the energy, 1,000 MW, to be produced by the Chinese Company China Gezhouba Group Company."

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Intra Energy secures strategic coal exploration licenses in Malawi

Intra Energy secures strategic coal exploration licenses in Malawi: "Intra Energy secures strategic coal exploration licenses in Malawi

12 days 3 hours 26 minutes agohits: 66



Proactive Investors reported that Intra Energy has secured substantial strategic coal exploration licenses in Malawi, that supports its planned East African expansion.

It was granted the North Rukuru EPL0376/2013 covering 318 square kilometer immediately south of existing ML0143/2005 and another tenement Ngana EPL0377/2013 covering 231 square kilometer south of the Tanzanian border.
"

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www.esi-africa.com | Plans for 120 MW coal fired power station in Malawi

www.esi-africa.com | Plans for 120 MW coal fired power station in Malawi: "Plans for 120 MW coal fired power station in Malawi


28 March 2013 - Australian coal resources development company Intra Energy Corporation (IEC) has signed a memorandum of understanding (MoU) with Malawi’s government for the construction and operation of a 120 MW coal fired power station. The company is in the pre-feasibility stage of developing a minimum 120 MW power station at Chipoka, Malawi by no later than the end of 2016. The project would include the design, engineering, construction, operation and maintenance of the power plant and its ancillary infrastructure and IEC is considering potential expansion to 200 MW (net) or doubling capacity with a second plant of 120 MW."

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New Malawi tax measures to hurt investment : industry | Reuters

New Malawi tax measures to hurt investment : industry | Reuters:
LILONGWE (Reuters) - Malawi's new tax measures announced this week are likely to impact foreign direct investment in the southern African nation, the Malawi Confederation of Chambers and Commerce (MCCCI) said on Saturday."

G-Mobile of Malawi gets $30m capital injection

PRIVATE equity investor Musa Capital is investing about $30m in Malawi’s third cellphone operator, G-Mobile, and is eyeing similar investments in other African countries, including SA.

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Chinese bank to support Malawi with $2bn

Malawi may soon find itself a beneficiary to $2 billion to finance agriculture, mining, manufacturing, energy and other projects. The China Import and Export Bank said during its 10-man strong visit to the country.
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