Nacala Corridor PTC to go live this year - Railway Gazette

Nacala Corridor PTC to go live this year - Railway Gazette: FRICA: Siemens Rail Automation says that it expects to commission the Positive Train Control signalling system it has installed on the Nacala Corridor linking Malawi and Mozambique ‘by the end of the year’.

The supplier says that the Trainguard Sentinel PTC it is supplying to the Corredor Log�stico Integrado de Nacala joint venture of Mozambique state railway CFM (20%) and Brazilian mining firm Vale (80%) is ‘a combination of North American train control technology and European standards’, meeting SIL2 integrity. Under a €70m contract announced in November 2013, Siemens is to provide its Train Sentinel Positive Train Control, train integrity monitoring, Westrace solid-state interlockings and telecoms based on a microwave network with Tetra track-to-train data transmission.

Mota Engil to boost Malawi electricity | Malawi24 - All the latest Malawi news

Mota Engil to boost Malawi electricity | Malawi24 - All the latest Malawi news: Mota Engil to boost Malawi electricity Luke Bisani A New Solution That Stops Snoring and Lets You Sleep Find Every Secret They Want Kept Hidden 22 Movies Where They Really Did It 25 Female Photoboms You Won't Believe ? As the country is experiencing persistent blackouts, Mota Engil has disclosed plans to generate 500 megawatts using hydro and coal power plants. During the 2016 Malawi Investment Forum currently underway in Lilongwe, Mota Engil signed a Memorandum of Understanding (MOU) with Malawi government on the new interest to the energy sector.

Huge shot in the arm for uranium price | MINING.com

Huge shot in the arm for uranium price | MINING.com: Huge shot in the arm for uranium price Frik Els | Sep. 15, 2016, 3:28 AM | 6,917 | 3 PEOPLEMINE FACEBOOK LINKEDIN TWITTER EMAIL PRINT Artist impression Uranium is having the worst start to a year in a decade. U3O8 is down more than 25% in 2016 with the UxC broker average price sliding to $25.45 a pound last week. Current levels are the cheapest spot uranium has been since 2005. The long term price, where most uranium business is conducted, has fallen to unprecedented levels below $40 a pound

Malawi Investment Forum in progress, six firms commit deals | The Times Group

Malawi Investment Forum in progress, six firms commit deals | The Times Group: Malawi Investment Forum in progress, six firms commit deals Posted By: Caroline Kandieroon: October 11, 2016In: BusinessNo Comments The second Malawi Investment Forum started on a high note in Lilongwe on Monday, with six companies signing Memorandum of Understanding with government and the private sector to invest in various sectors of the economy. The MoUs have been signed in projects under ministries of agriculture, lands and energy and the projects include a $120 million Lake Malawi water supply in Salima, $20 million for officials buildings for government offices, infrastructure development project in Area 32, heritage site aimed at preserving the national identity, hydro and coal fire energy project by Mota Engil and $1 million bio-fertiliser plant.

MKANGO RESOURCES LTD CMN SHS NPV (DI)'s Stock Is Buy After Today's Huge Increase - Engelwood Daily

MKANGO RESOURCES LTD CMN SHS NPV (DI)'s Stock Is Buy After Today's Huge Increase - Engelwood Daily: "The stock of MKANGO RESOURCES LTD CMN SHS NPV (DI) (LON:MKA) is a huge mover today! About 298,301 shares traded hands. MKANGO RESOURCES LTD CMN SHS NPV (DI) (LON:MKA) has risen 6.00% since August 27, 2016 and is uptrending. It has underperformed by 5.27% the S&P500.
The move comes after 9 months positive chart setup for the GBX company. It was reported on Sep, 26 by Barchart.com. We have GBX 11.96 PT which if reached, will make LON:MKA worth GBX more."



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Malawi: Key Message Update - September 2016 - Malawi | ReliefWeb

Malawi: Key Message Update - September 2016 - Malawi | ReliefWeb: "his month, the Food Security Cluster will roll out assistance to Neno district in the south and Salima and Ntcheu districts in the central region, bringing the total number of districts receiving assistance to six. Assistance funding levels continue to be below 50 percent, but despite these low levels the government and partners have announced that beneficiaries in all six districts will begin receiving a full ration in September. In July and August, households only received a half ration. The beneficiary case load increased steeply in September. Currently 91 percent of beneficiaries are receiving assistance in-kind and 9 percent are receiving the cash equivalent. In the presence of this assistance, Stressed (IPC Phase 2!) outcomes are projected through December. Agriculture Cluster activities, including the distribution of seeds, inputs, livestock support, and small-scale water harvesting activities are planned to start in October."



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Malawi Kwacha firms against dollar | The Times Group

Malawi Kwacha firms against dollar | The Times Group: "A report shows the kwacha remained stable holding still to the dollar in the month of August as the country managed to keep demand and supply of foreign exchange at equilibrium. The report also sites a relatively weaker dollar index and constant tobacco revenue inflow as being behind the good tidings.

But while the report shows prospects of a stable kwacha-dollar exchange rate in the next few weeks, the trend is not expected to hold for long, predicting the kwacha to begin depreciating again as the dollar regains strength."



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Electricity tariffs maintained at K57.72 | The Times Group

Electricity tariffs maintained at K57.72 | The Times Group: "The Malawi Energy Regulatory Authority (Mera) has maintained electricity tariffs at K57.72.kWh having taken into consideration its last tariff adjustment earlier in May when it granted the Electricity supply Corporation of Malawi (Escom) approval to effect the outstanding 8.14 percent tariff increase."



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Corruption in Malawi | The Times Group

Corruption in Malawi | The Times Group: "The European Investment Bank (EIB) has pounced on Blantyre Water Board (BWB), demanding part repayment of the 18 million euros (K15 billion) funding which the Bank made available towards the water and sanitation project in Blantyre and Lilongwe cities due to suspected fraud and corruption."



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Malawi Kwacha depreciates 7% in eight months | The Times Group

Malawi Kwacha depreciates 7% in eight months | The Times Group: The Malawi Kwacha lost value by 7.1 percent against the United States dollar in the first eight months of 2016, according to a report.

Announcing the figures in its latest Monthly Economic Brief, Nico Asset managers attributed the fall to the strengthening of the dollar against other currencies as well as low tobacco prices and high rejection rates that have negatively affected inflow of foreign currency to the country.