Malawi Aid Suspension May Curb Economic Growth, Deter Investment

Malawi Aid Suspension May Curb Economic Growth, Deter Investment: "Malawi Aid Suspension May Curb Economic Growth, Deter Investment
Wednesday, July 27, 2011
July 27 (Bloomberg) -- The suspension of U.S. and U.K. aid to Malawi, which depends on donors to fund as much as 40 percent of its budget, is likely to deter investment and undermine a five-year economic boom in the southern African nation."

BBC News - US suspends aid to Malawi after killings

BBC News - US suspends aid to Malawi after killings: "US suspends aid to Malawi after killings

The opposition accuses President Bingu wa Mutharika of handling the economy badly
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The US has suspended a $350m (£213m) aid package to Malawi after the security forces were accused of killing anti-government protesters last week.

A US government agency, the Millennium Challenge Corporation (MCC), said the money was to have been spent on developing Malawi's power sector."

IMF: Malawi's Economic Backsliding, Uprisings Cause For Concern - WSJ.com

IMF: Malawi's Economic Backsliding, Uprisings Cause For Concern - WSJ.com: "OHANNESBURG (Dow Jones)--The International Monetary Fund said it is 'sad and concerned' that Malawi's economy seems to be moving backwards.

Last week, 19 people were killed after police opened fire to quell looting and protests against President Bingu wa Mutharika. Thousands of protesters accused Mutharika of mismanaging the economy which has led to acute fuel shortages, and of trampling on democratic freedoms.

'We feel very disturbed that Malawi has taken this turn,' Janet Stotsky, the IMF mission chief for Malawi, told Dow Jones Newswires in a telephone interview from Washington, D.C."

AFP: US warns Malawi on aid after riots

AFP: US warns Malawi on aid after riots: "US warns Malawi on aid after riots
(AFP) – 2 hours ago
WASHINGTON — The United States warned Friday it was reviewing a $350 million grant to Malawi after deadly protests and pressed President Bingu wa Mutharika to respect democratic principles."

AFP: US warns Malawi on aid after riots

AFP: US warns Malawi on aid after riots: "US warns Malawi on aid after riots
(AFP) – 2 hours ago
WASHINGTON — The United States warned Friday it was reviewing a $350 million grant to Malawi after deadly protests and pressed President Bingu wa Mutharika to respect democratic principles."

Top Exec Pay 100 Times Lowest Paid Worker in Malawi

Kenneth Guillame, Big4.com Staff Reporter
10 September 2010
In Malawi, executives are paid 106.7 times more per month than the lowest paid workers - the largest pay gap currently in Southern Africa. The country also shows the most difference in gradient of salary structure between basic salary and total gross compensation
TO READ MORE CLICK HERE

Globe buys Malawi rare-earths project

PERTH (miningweekly.com) – ASX-listed Globe Metals & Mining has increased its footprint in Malawi with the acquisition of the Salambidwe rare-earths projectT

he Salambidwe project is located on the border with Mozambique, with about 85% of the project falling inside Malawi. The project is about 6 km in diameter, and dominated by syenite and nepheline syenite, with a core of agglomerative rocks.ROREAD MORE CLICK HERE

UK puts Malawi aid on hold

UK puts Malawi aid on hold - FT.com: "UK puts Malawi aid on hold
By Andrew England in Johannesburg
Britain has suspended budgetary aid to Malawi, accusing the impoverished African country’s government of failing to address concerns over economic management and human rights abuses."

Nacala, in Mozambique, attracts investment of US$400 million

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."

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."