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Business and Economic News from Malawi
Friday, September 6, 2013
Wednesday, September 4, 2013
Paladin Energy production increases by 20%
Paladin Energy production increases by 20%: "Paladin Energy production increases by 20%
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By: Leandi Kolver
29th August 2013
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JOHANNESBURG (miningweekly.com) – Uranium miner Paladin Energy on Thursday reported a 20% increase in production to 8.255-million pounds for the year ended June, while the company’s total sales volume increased 23% year-on-year to 8.253-million pounds."
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By: Leandi Kolver
29th August 2013
TEXT SIZE
JOHANNESBURG (miningweekly.com) – Uranium miner Paladin Energy on Thursday reported a 20% increase in production to 8.255-million pounds for the year ended June, while the company’s total sales volume increased 23% year-on-year to 8.253-million pounds."
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Saturday, August 31, 2013
Malawi switch to go live in December | BiztechAfrica Business, Telecom, Technology & IT News Africa
Malawi switch to go live in December | BiztechAfrica Business, Telecom, Technology & IT News Africa: "Malawi switch to go live in December
Malawi is in the process of creating a National Switch, expected to provide a switching platform for internet banking, remittances, and mobile money transactions, which will go live by December this year thereby becoming a key enabler for e-wallet and bank account interactions.
William Kaunda, Chairperson of the National Switch Steering Committee, said the National Switch Project has been instituted to set up shared switch facilities in Malawi."
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Malawi is in the process of creating a National Switch, expected to provide a switching platform for internet banking, remittances, and mobile money transactions, which will go live by December this year thereby becoming a key enabler for e-wallet and bank account interactions.
William Kaunda, Chairperson of the National Switch Steering Committee, said the National Switch Project has been instituted to set up shared switch facilities in Malawi."
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Friday, August 30, 2013
www.miningreview.com | Mozambique coal exports through Nacala begin in December
www.miningreview.com | Mozambique coal exports through Nacala begin in December: "Mozambique coal exports through Nacala begin in December
Maputo, Mozambique --- 05 August 2013 - The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is currently under construction, will take place in December, according to a projection from concession holding companies in the Nacala Corridor."
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Maputo, Mozambique --- 05 August 2013 - The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is currently under construction, will take place in December, according to a projection from concession holding companies in the Nacala Corridor."
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Saturday, August 17, 2013
www.miningreview.com | Nacala Rail Corridor in Mozambique to continue purchasing rolling stock
www.miningreview.com | Nacala Rail Corridor in Mozambique to continue purchasing rolling stock: "Nacala Rail Corridor in Mozambique to continue purchasing rolling stock
Maputo, Mozambique --- 06 August 2013
The Nacala Rail Corridor in Mozambique is planning to spend a further US$20 million on rolling stock ‒ a total of eight locomotives and 16 carriages ‒ to improve passenger and goods transport on the Nacala line."
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Maputo, Mozambique --- 06 August 2013
The Nacala Rail Corridor in Mozambique is planning to spend a further US$20 million on rolling stock ‒ a total of eight locomotives and 16 carriages ‒ to improve passenger and goods transport on the Nacala line."
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Coal exports via Mozambican port of Nacala due to begin in December 2014 | Macauhub English
Coal exports via Mozambican port of Nacala due to begin in December 2014 | Macauhub English: "Coal exports via Mozambican port of Nacala due to begin in December 2014
AUGUST 5TH, 2013 NEWS
The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is under construction, will take place in December of next year, according to a projection from concession holding companies in the Nacala Corridor."
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AUGUST 5TH, 2013 NEWS
The first shipment of coal for export through the coal terminal at Nacala-a-Velha, which is under construction, will take place in December of next year, according to a projection from concession holding companies in the Nacala Corridor."
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Malawi hires international experts as it negotiates niobium mine deal
The Malawi government has hired international legal experts to assist it in negotiating a ‘win-win deal’ with Australian company Globe Metals & Mining, which has applied for a licence to mine niobium at Kanyika, in the north of the country.
Malawi hires international experts as it negotiates niobium mine deal:
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Malawi hires international experts as it negotiates niobium mine deal:
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Saturday, June 29, 2013
Malawi’s foreign exchange reserves up to 2.5 months | Malawi Nyasa Times - Malawi breaking news in Malawi
Malawi’s foreign exchange reserves up to 2.5 months "
Records from the Reserve Bank of Malawi indicate that the country’s import cover has this week increased from 65 days to 72 days.
This comes barely days after tobacco registered total earnings of $233.8 million from 113 million kgs sold so far.
Malawi needs a monthly import cover of $188.1 million and the central bank says gross official reserves increased to $452 million from $404 millio"
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Records from the Reserve Bank of Malawi indicate that the country’s import cover has this week increased from 65 days to 72 days.
This comes barely days after tobacco registered total earnings of $233.8 million from 113 million kgs sold so far.
Malawi needs a monthly import cover of $188.1 million and the central bank says gross official reserves increased to $452 million from $404 millio"
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Monday, June 24, 2013
Cotton price jumps 195% above minimum |The Nation Online
Cotton price jumps 195% above minimum |The Nation Online: "Cotton price jumps 195% above minimum
Cotton farmers continue to smile all the way to the bank as the buying price for the commodity in all the markets except Karonga, has jumped more than 195 percent above the government set minimum price.
Government through the Ministry of Agriculture and Food Security set the minimum farm-gate price for cotton, one of the country’s strategic crops, at K78 per kilogramme (kg) for grade A, K3 up from last year, while grade B was put at K63 per kg, which is K7 lower than last year’s K70 per kg."
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Cotton farmers continue to smile all the way to the bank as the buying price for the commodity in all the markets except Karonga, has jumped more than 195 percent above the government set minimum price.
Government through the Ministry of Agriculture and Food Security set the minimum farm-gate price for cotton, one of the country’s strategic crops, at K78 per kilogramme (kg) for grade A, K3 up from last year, while grade B was put at K63 per kg, which is K7 lower than last year’s K70 per kg."
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Malawi inflation slows down further to 31 %
Malawi inflation slows down further to 31 % |The Nation Online: "Malawi inflation slows down further to 31
Chuka: Rate of inflation will continue plummeting
Malawi’s year-on-year headline inflation rate for the month of May 2013 has further decelerated to 31.0 percent from a rate of 35.8 in April, anchored by the availability of cereals on the market and the downward adjustment in the price of fuel, the National Statistical Office (NSO) has said."
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Chuka: Rate of inflation will continue plummeting
Malawi’s year-on-year headline inflation rate for the month of May 2013 has further decelerated to 31.0 percent from a rate of 35.8 in April, anchored by the availability of cereals on the market and the downward adjustment in the price of fuel, the National Statistical Office (NSO) has said."
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