Zambia-China sign Rail deal toSerenje - Chipta

Coastweek - The most from the coast: " Zambia on Wednesday signed a deal for the construction of a new railway project with China’s state-run firm that will enhance transportation in the southern African nation.

The 388-kilometer railway, to run from the eastern town of Chipata to the central town of Serenje via another eastern town of Petauke, will be constructed by China Civil Engineering Construction Company (CCECC), at a cost of 2.3 billion U.S. dollars within a four-year period."

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Year 2016 round up: Low prices hit Malawi’s mineral sector – Mining & Trade Review (December 2016) | Mining in Malawi

Year 2016 round up: Low prices hit Malawi’s mineral sector – Mining & Trade Review (December 2016) | Mining in Malawi: "By Marcel Chimwala

Despite continued discovery of anomalies of high value minerals and sizeable quantities of industrial minerals in ongoing exploration activities, Malawi’s minerals sector has failed to move to greater heights in the year 2016 due to the prevailing low commodity prices on the world market and unavailability of low cost power from the national grid, which is weighing on the feasibility of mining projects.

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Tobacco earnings now at $264 million | The Times Group

Tobacco earnings now at $264 million | The Times Group: "Malawi has so far realised a total of $264.6 million from tobacco sales since the start of this year’s marketing season in April, latest figures from AHL Group indicate.

The statistics also show that a total of 183.7 million kilogrammes of the green gold have been sold at an average price of $1.44 per kilogramme."

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IMF approves ECF extension for Malawi | The Times Group

IMF approves ECF extension for Malawi | The Times Group: "The Executive Board of the International Monetary Fund (IMF) has approved—without an Executive Board meeting— an extension of Malawi’s arrangement under the Extended Credit Facility (ECF) to June 30, 2017.

This means that Malawi has been given more time to implement some programme objectives using about $49.2 million or 25 percent of quota approved by the Board in June this year to strengthen the response to the El Niño-induced drought."

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Banks yet to react to policy rate slash | The Times Group

Banks yet to react to policy rate slash | The Times Group: "Banks yet to react to policy rate slash
Posted By: William Kumwembeon: November 28, 2016In: BusinessNo Comments
Malawi’s commercial banks were yet to start pulling down interest rates over 80 hours after the Reserve Bank of Malawi (RBM) reduced the policy rate."

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Malawi could help secure raw materials for green technologies

Malawi could help secure raw materials for green technologies: Malawi could help secure raw materials for green technologies
by Staff Writers
Exeter UK (SPX) Nov 21, 2016


Pioneering new insights into why high concentrations of some of the most rare and desirable natural elements - vital for the production of vital environmental, digital and security technologies - have been revealed

Fuel Prices Increase Effective Nov 4

Fuel Prices Increase Effective Nov 4: Fuel Prices Increase Effective Nov 4
Written by� Isaac Chawinga Thursday, 03 November 2016 20:12 font size Print Email Media
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Amid growing economic hardships, motorists in the country will now dig deeper into their pockets as fuel prices have been revised upwards effective Friday, November 4, 2016.
In a statement the Malawi Energy Regulatory Authority (MERA) says petrol is now selling at K824.70 up from K788.30, representing an increase of 4.6%.

MRA collects K71.8bn in October, beats target by K7.8bn | Malawi24 - All the latest Malawi news

MRA collects K71.8bn in October, beats target by K7.8bn | Malawi24 - All the latest Malawi news: MRA collects K71.8bn in October, beats target by K7.8bn
Bright Malenga

The Malawi Revenue Authority (MRA) has beaten the set revenue target for October 2016 by K7.8 billion after collecting K71.8 billion against a projection of K64 billion.
Speaking to the media in Blantyre, MRA Deputy Director of Corporate Affairs Steven Kapoloma said for this fiscal year, from July to October, MRA has collected K251.8 billion which is against a projection of K228.5 billion, registering an excess collection of K23.3 billion.

Ndalama zathawisidwa.
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Independent Power Producers cry foul over Procurement | The Times Group

Independent Power Producers cry foul over Procurement | The Times Group: Independent Power Producers cry foul over Procurement Posted By: Josephine Chineleon: November 05, 2016In: NationalNo Comments Independent Power Producers (IPPs) have poured out their frustrations in the renewable energy procurement process, blaming Escom and Ministry of Natural Resources, Energy and Mining for fixing the process. They have since written President Peter Mutharika, Vice President Saulos Chilima, the International Monitory Fund (IMF), the World Bank, Millennium Challenge Account (MCA) and Escom and the ministry itself informing them of alleged corruption in awarding of contracts to two companies without following procedures.

Tanzania: Things Poised to Happen After King Mohamed VI's Visit - allAfrica.com

Tanzania: Things Poised to Happen After King Mohamed VI's Visit - allAfrica.com: Tanzania: Things Poised to Happen After King Mohamed VI's Visit Tagged: BusinessEast AfricaGovernanceInvestmentMoroccoNorth AfricaTanzania Tweet Share Google Comment Email More RELATED TOPICS Business Nigeria: AfDB Approves U.S.$600 Million Financial Support for Nigeria Uganda: Railway Workers Protest Dismissal of Colleagues Uganda: Lecturers Deny Demanding University Shutdown Ethiopia: Unrest Worries Foreign Investors East Africa Tanzania: President Magufuli to Meet Editors Africa: Lack of Funds Slow Down Regional Bloc Negotiations Tanzania: Air Tanzania Introduces Lower Charges Domestic Flights Kenya: Kenneth Marende Joins Nairobi Governor Race Governance South Africa: What You Need to Know About State Capture Report South Africa: I Haven't Considered Resigning Yet - Prosecution Chief South Africa: #StateCaptureReport - Key Players, Violations and What's Next South Africa: 'We Are Happy You Are Still in One Piece,' Mugabe Tells Zuma Investment Zimbabwe: Govt Pleads With SA for Investment, Ahead of Zuma's Arrival Tanzania: Make Improving Business Climate a Top Priority Zimbabwe: Govt Seeks Infrastructure Investors Zimbabwe: Zimbabwe Investment Climate Worrisome Morocco Tanzania: TPSF Moves Its AGM to Morocco Morocco: Moroccan King to Pay Singer Lamjarred's Expenses in Paris Rape Case Morocco: Fishmonger's Gruesome Death Sparks Protests Morocco: HRH Princess Lalla Salma Attends World Cancer Congress in Paris Proverbs are an integral part and pride of our culture. They are in use today after passing from generations to generations. One famous proverb along the East African coast has been "Let the guest come so that the host may benefit," which translates into Kiswahili as "Mgeni aje mwenyeji apone".