Malawi among eight poorest countries in the world | www.malawitoday.com

Malawi among eight poorest countries in the world | www.malawitoday.com: "New data released by the International Comparison Programme (ICP) which is hosted by the World

Bank has revealed that Malawi is among the top eight poorest countries in the world in terms of GDP per capita.

Per capita GDP is a measure of the total output of a country that takes the GDP and divides it by the number of people in the country.

The ICP 2011 report released on Tuesday ranks Malawi alongside countries such as Mozambique, Central African Republic, Niger, Burundi, DRC, Comoros and Liberia as the eight poorest out of 199 global economies with a GDP per capita of less than $1,000.

Malawi’s GDP per capita was recorded at US$381 in 2013. Economic Planning Minister Ralph Jooma asked for more time to scrutinise the report before commenting"



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AfDB avails US$35.5m loan for Malawi water and sanitation project - business - News - StarAfrica.com

AfDB avails US$35.5m loan for Malawi water and sanitation project - business - News - StarAfrica.com: "AfDB avails US$35.5m loan for Malawi water and sanitation project
Posted by: APA Posted date : May 2, 2014 at 10:10 am UTC 6 views In: Business
The board of the African Development Bank (AfDB) has approved a US$35.5-million loan to support implementation of a project to improve Malawi’s rural water and sanitation infrastructure.According to a statement by the bank, its African Development Fund would make a loan of US$23 million available to Malawi while the Nigerian Trust Fund and the Rural Water Supply and Sanitation Facility Project would provide a loan of US$7.7 million and a grant of US$4.8 million, respectively."



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Malawi: U.S. Embassy Strives to Uplift Small Business Development

allAfrica.com: Malawi: U.S. Embassy Strives to Uplift Small Business Development: "Malawi: U.S. Embassy Strives to Uplift Small Business Development
BY MARY MAKHIRINGA,  Lilongwe — As one way of empowering and uplifting small scale business in the country, the United States Embassy Deputy Chief of Mission to Malawi Michael Gonzales on Thursday inaugurated a bakery and an oil press project in northern region."



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Legalbrief - IMF salutes efforts to tackle graft

Legalbrief - IMF salutes efforts to tackle graft: "
  


IMF salutes efforts to tackle graft
Published in: Legalbrief Africa New
Date: Tuesday 08 April 2014
Category: Malawi
Issue No: 572



The International Monetary Fund (IMF) has noted that Malawi has made progress after a massive government corruption scandal last year.

However, it is urging the East African nation to bring soaring prices under control. A report on the News24 site notes that it adopted an action plan to bust graft in the wake of massive fraud last year that prompted Western donors to freeze $150m in aid. 'The authorities have made progress in addressing governance and public financial management weaknesses,' the IMF said at the end of its latest review mission to the country. The report notes that President Joyce Banda, who faces an election in just more than six weeks, has implemented austerity steps that led to the restoration of an IMF $79.4m credit facility."



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New Nacala International Airport expected to open in August

New Nacala International Airport expected to open in August: "The new Nacala International Airport in northern Mozambique is set to open in August this year.
Development work to convert the former Nacala Air Base is nearly complete, according to Brazilian contracting firm Odebrecht International.
 
The $144 million project is expected to be completely finished by the end of the first quarter of 2015, and will have a capacity of 500,000 passengers a year"



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Liquidated Finance Bank set to resume operations in Malawi - BNL Times

Liquidated Finance Bank set to resume operations in Malawi - BNL Times: "Liquidated Finance Bank could resume operations in the country by May this year, officials from the bank told journalists in Zambia on Tuesday.

Finance Bank Zambia (FBZ) Limited Chairman Rajan Mahtani disclosed this in Lusaka, Zambia on Tuesday night during a cocktail party held to announce the bank’s financial statements for the year ended December 31, 2013"



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Malawi's niobium samples in Guangzhou for tests - BNL Times

Malawi's niobium samples in Guangzhou for tests - BNL Times: "The Chinese Customs Authority has cleared a 40-tonne consignment of sample niobium minerals from Malawi’s Kanyika Mine in Mzimba which has now arrived at the Research Institute for Non-Ferrous Metals in the city of Guangzhou for confirmatory tests.

Australian mining firm Globe Metal and Mining, currently exploring the viability of mining niobium at Kanyika, said in a statement on Tuesday that the release of the sample from customs was delayed due to Chinese New Year holidays and sample examinations."



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