Nacala, in Mozambique, attracts investment of US$400 million after being named as a special economic area | Macauhub English: "Nacala, in Mozambique, attracts investment of
Maputo, Mozambique, 27 June – The city of Nacala and its outskirts, in Nampula province, in the far north of Mozambique, has attracted investments of US$400 million since it was named as a special economic area three years ago, a source form the Mozambican Finance Ministry told Macauhub."
Business and Economic News from Malawi
Saturday, July 9, 2011
Thursday, July 7, 2011
Vale Starts Study on Coal Terminal at Mozambique’s Deepwater Nacala Port - Bloomberg
Vale Starts Study on Coal Terminal at Mozambique’s Deepwater Nacala Port - Bloomberg:
Vale SA (VALE3), the world’s largest iron ore producer, started studies on building a coal terminal at Nacala port in northern Mozambique, said Rosario Mualeia, chairman of the state-run ports and railways utility."
Vale SA (VALE3), the world’s largest iron ore producer, started studies on building a coal terminal at Nacala port in northern Mozambique, said Rosario Mualeia, chairman of the state-run ports and railways utility."
Wednesday, June 22, 2011
Resource Star 30% uranium resource boost to 6Mlb at Livingstonia in Africa - Proactiveinvestors (AU)
Resource Star 30% uranium resource boost to 6Mlb at Livingstonia in Africa - Proactiveinvestors (AU): "Resource Star 30% uranium resource boost to 6Mlb at Livingstonia in Africa
Wednesday, June 22, 2011 by John Phillips
Resource Star (ASX: RSL) have boosted by 30% the uranium resource to 6 million pounds at the Livingstonia Uranium Project joint venture in Malawi."
Wednesday, June 22, 2011 by John Phillips
Resource Star (ASX: RSL) have boosted by 30% the uranium resource to 6 million pounds at the Livingstonia Uranium Project joint venture in Malawi."
Malawi's IMF programme 'off-track': official | The New Age Online
Malawi's IMF programme 'off-track': official | The New Age Online: "Malawi's IMF programme 'off-track':
The International Monetary Fund programme in Malawi has stalled over policy disagreements and the government's failure to conduct a required review, a fund official said on Tuesday.
IMF representative Ruby Randall was reported as saying that a second review of the $79.4 million (55.3 million euro) Extended Credit Facility approved last year to cushion foreign exchange shortages, was never conducted."
The International Monetary Fund programme in Malawi has stalled over policy disagreements and the government's failure to conduct a required review, a fund official said on Tuesday.
IMF representative Ruby Randall was reported as saying that a second review of the $79.4 million (55.3 million euro) Extended Credit Facility approved last year to cushion foreign exchange shortages, was never conducted."
Tuesday, June 7, 2011
Sunday, June 5, 2011
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."
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."
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."
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."
Tuesday, May 31, 2011
World Bank Holds Back $40 Million in Malawi Support on IMF Program Review - Bloomberg
World Bank Holds Back $40 Million in Malawi Support on IMF Program Review - Bloomberg: "World Bank Holds Back $40 Million in Malawi Support on IMF Program Review
The World Bank is holding back $40 million in budget support to Malawi because the country hasn’t completed the review of its program with the International Monetary Fund, the Daily Times reported, citing the bank’s country manager."
The World Bank is holding back $40 million in budget support to Malawi because the country hasn’t completed the review of its program with the International Monetary Fund, the Daily Times reported, citing the bank’s country manager."
Tuesday, May 24, 2011
EU injects €161 million into Malawi's ailing economy
EU injects €161 million into Malawi's ailing economy:
The European Union, mid last week, announced the approval of €161 million (approximately MWK 34 billion) that will go towards a package of six strategic programmes. This assistance is in line with Malawi's 2010 Annual Action Programme under the 10th European Development Fund (EDF). About €12 million (approximately MKW 2.8 billion) of this money will go towards a new Capacity Building Programme for Trade and Private Sector Development."
The European Union, mid last week, announced the approval of €161 million (approximately MWK 34 billion) that will go towards a package of six strategic programmes. This assistance is in line with Malawi's 2010 Annual Action Programme under the 10th European Development Fund (EDF). About €12 million (approximately MKW 2.8 billion) of this money will go towards a new Capacity Building Programme for Trade and Private Sector Development."
Malawi's maize output seen at 3.8 mln T this yr | Reuters
Malawi's maize output seen at 3.8 mln T this yr | Reuters:
LILONGWE (Reuters) - Malawi is expected to harvest 3.8 million tonnes of maize this year, up from 3.5 million reaped in the previous year, despite some dry periods during the season, President Bingu wa Mutharika said on Monda"
LILONGWE (Reuters) - Malawi is expected to harvest 3.8 million tonnes of maize this year, up from 3.5 million reaped in the previous year, despite some dry periods during the season, President Bingu wa Mutharika said on Monda"
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