AfDB tips Malawi on economic growth – The Nation Online

AfDB tips Malawi on economic growth – The Nation Online: he African Development Bank (AfDB) says Malawi needs to scale up its public investment by 100 percent to $1.2 billion (about K912 billion) to double its per capita income.

At about $1.2 billion, this is about 65 percent of the 2018/19 National Budget of K1.4 trillion and about 21 percent of gross domestic product (GDP).

In its paper titled A DGE Model for Growth and Development Planning: Malawi, the pan-African bank said increased investment will enable the country to boost the average income earned per person from less than $500 (about K370 000) to about $1 000 (K740 000).

Key infrastructure boosts Sovereign Malawi rutile play | Business News

Multi-commodity developer, Sovereign Metals, could significantly lower capital and operating costs for its projects located in Malawi by accessing a newly upgraded rail network corridor to a deep-water port in Nacala, Mozambique, about 750km to the east.

The company is developing its exciting rutile and graphite projects within a huge land-holding in Malawi and access to the Nacala Logistics Corridor, or “NLC”, opens up export opportunities for the sought-after mineral commodities.

Sovereign has an existing memorandum of understanding in place with Central East African Railways for rail freight, port access and port handling services for concentrates from its Malingunde graphite project in Malawi, with a binding agreement currently in the works.

Malawi Signs $104 Million Deal With AfDB | AFKInsider

Malawi Signs $104 Million Deal With AfDB | AFKInsider: "The African Development Bank (AfDB) and Malawi have signed three development agreements valued at US$104 million in the capital Lilongwe.The agreements cover rural water and sanitation infrastructure for improved health and livelihoods, a project to develop the Nacala Road Corridor and the feasibility study for the Lower Shire Watercourse Project."



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Malawi Signs $600m Energy Pact With China - Ventures Africa

Malawi Signs $600m Energy Pact With China - Ventures Africa: "Malawi Signs $600m Energy Pact With China

Posted on June 6, 2013 07:20 am under Investing, Investors, Markets

VENTURES AFRICA – Malawi and China have signed two energy deals that would facilitate enhanced generation of electricity power totaling $667.233 million.

The first deal involves a transmission line project that would see Chinese company, TBEA, construct additional and upgrade power transmission lines in the East African country to deal with problems of a saturated power transmission system."

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Sena Corridor to benefit from Japanese Aid

JPAGETITLE: "Sena Corridor to benefit from Japanese Aid


Japanese Prime Minister Shinzo Abe assured Malawi that Japan will review the proposal on the development of the Sena Corridor to provide financial and technical assistance.

He said this was in response to the request by Malawi President Joyce Banda at a bilateral meeting that was held on Saturday in Yokohama."