Illovo makes K8.1bn profit in six months - The Nation Online

Illovo makes K8.1bn profit in six months - The Nation Online: Malawi) plc has reported a jump in profit to K8.1 billion in the six months ended February 28 2019 from K7 billion despite a drop in revenue.

Extracts from unaudited financial statements published yesterday show that revenue for the Malawi Stock Exchange (MSE)-listed sugar manufacturer dropped by K3.8 billion to K62.4 billion from K66.2 billion during the same period last year.

Malawi President Mutharika stops tobacco companies from� growing crop - The Maravi Post

Malawi President Mutharika stops tobacco companies from� growing crop - The Maravi Post: By Vincent Khonje

Companies that buy tobacco� will no longer be allowed to grow the cash crop from the� next growing season, President Peter Mutharika said on Saturday.

Mutharika brought the� good news to tobacco farmers on his whistle stop tour to the North.

World Bank to help Malawi commercialise agriculture - The Nation Online

World Bank to help Malawi commercialise agriculture - The Nation Online: World Bank to help Malawi commercialise agriculture
Nation Online April 23, 2019 0 Comments
Ministry of Agriculture, Irrigation and Water Development says the K61 billion loan secured from the World Bank to finance Agricultural Commercialisation (Agcom) will help to commercialise the sector.

Speaking last Thursday in Salima on the sidelines of a stakeholders sensitisation meeting, the ministry’s director of planning and development Alex Namaona said the five-year Agcom is backbone for wealth creation.

Illovo profit hits K16.4 billion | The Times Group

Illovo profit hits K16.4 billion | The Times Group: Illovo Sugar Malawi recorded a K16.4 billion profit in the year-ended August 31 2018, up from K7 billion registered in 2017, the firm said on Thursday. Briefing investors in Chikwawa, the firm said, having produced 230,020 million tonnes of sugar last year, the company’s revenue rose to K141.8 billion from K124, 035 billion in 2017.

world Bank to invest $95 million in Malawi agribusiness

Coca-Cola fully acquires Chi Limited - Ventures Africa: The World Bank has earmarked a sum of $95 million to fund the Agricultural Commercialization (AGCOM) Project in Malawi over the next six years. The initiative is aimed at transforming the agriculture sector into a highly productive commercial division.

The overall objective of AGCOM for Malawi is to increase commercialization of agriculture value chain products and is targeted at livestock, aquaculture, and small and medium crop farmers that are in cooperatives to ensure sustained commercialization

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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Experts Call for Investment in Oil Grains

Experts Call for Investment in Oil Grains: "An economic expert in the agriculture sector believes oil grains such as, soya, sunflower and groundnuts, could bring in more money to the country than tobacco, which is the current main forex earner.

Dr. Ted Nakhumwa, chief economist at the Auction Holdings Limited Commodity Exchange told Zodiak on Thursday that legumes can generate about US440 million per year, if they are sold through properly structured markets just like tobacco."



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MKANGO ENTERS INTO AGREEMENT WITH NOBLE TO COLLABORATE IN THE RARE EARTHS SECTOR

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Calgary, Alberta: December 19, 2016 - Mkango Resources Ltd. (TSXV / AIM: MKA) (the "Company" or
"Mkango"), is pleased to announce that it has entered into a collaboration agreement (the “Agreement”) with
Noble Resources International (“Noble”), which will also allow Noble to acquire up to a 12.5% interest in
Mkango. Noble is one of world’s largest commodity traders and the largest in Asia, with a presence throughout the region. It is listed on the Singapore Stock Exchange with a market capitalization of approximately US$1.5 billion