Malawi News Agency Online - CEAR exceeds previous volumes moved

Malawi News Agency Online - CEAR exceeds previous volumes moved: "Blantyre, August 08, 2017: The Central East African Railways (CEAR) says the volume of cargo the company has moved in the first half of 2017 has surpassed the volumes moved in the last 10 years.

CEAR Public Relations Officer, Chisomo Mwamadi disclosed this in a questionnaire response attributing the trend to the improvements and investments the company has made in locomotives, wagons, rail track and systems."



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Malawi Stock Exchange thinks positive | The Times Group

Malawi Stock Exchange thinks positive | The Times Group: "Malawi Stock Exchange thinks positive
Posted By: William Kumwembeon: August 10, 2017In: BusinessNo Comments
Expectations are high that the Malawi Stock Exchange (MSE) will continue on a bullish run on the basis of the recent downward revision of the policy rate by the Reserve Bank of Malawi (RBM) coupled with improved performance of the most listed companies during the first six months, according to market experts."



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Malawi Stock Exchange thinks positive | The Times Group

Malawi Stock Exchange thinks positive | The Times Group: "Malawi Stock Exchange thinks positive
Posted By: William Kumwembeon: August 10, 2017In: BusinessNo Comments
Expectations are high that the Malawi Stock Exchange (MSE) will continue on a bullish run on the basis of the recent downward revision of the policy rate by the Reserve Bank of Malawi (RBM) coupled with improved performance of the most listed companies during the first six months, according to market experts.

Commentators are of the view that the recent policy rate cut from 22 percent to 18 percent has resulted in shifting of investor attention from the money market to the stock market.

Further, with most listed companies reporting positive strides in the first half of the year, they say, it may entice most investors into the capital market, thereby increasing demand."



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Mera maintain Escom tariff and fuel prices | The Times Group

Mera maintain Escom tariff and fuel prices | The Times Group: "Mera maintain Escom tariff and fuel prices
Posted By: Caroline Kandieroon: August 08, 2017In: BusinessNo Comments
Malawi Energy Regulatory Authority (Mera) has maintained pump prices of petrol at K824.70 per litre, diesel price at K815.80 per litre and paraffin at K648.70 per litre as well as the Escom tariff rate at K57.72 per kilowatt hour."



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Kamuzu International Airport expansion to boost flights into Malawi | The Times Group

Kamuzu International Airport expansion to boost flights into Malawi | The Times Group: "Kamuzu International Airport expansion to boost flights into Malawi
Posted By: Chimwemwe Mangazion: August 07, 2017In: BusinessNo Comments
Expectations are high that the number of airlines flying into the country will increase by mid next year following the commencement of the terminal building expansion project at the Kamuzu International Airport (KIA)."



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Mega Fraud Trial Of Illovo Sugar Vs PHL Resumes With Re-examination Of Key Witness – Malawi Voice

Mega Fraud Trial Of Illovo Sugar Vs PHL Resumes With Re-examination Of Key Witness – Malawi Voice: "Blantyre, June 27: A mega fraud trial in which Illovo Sugar (MW) is accused by its minority shareholder Prudential Holdings Ltd (PHL) of falsifying financial statements and holding information, resumed sitting at the Commercial Court in Blantyre on June 27, with PHL’s chief witness being re-examined by its own lawyer"



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Challenges facing Malawi Stock Exchange | The Times Group

Challenges facing Malawi Stock Exchange | The Times Group: "Challenges facing Malawi Stock Exchange
Posted By: Taonga Sabolaon: August 02, 2017In: BusinessNo Comments
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says there are a number of reasons why local firms are failing to access cheap capital through listing on the Malawi Stock Exchange (MSE).

The development comes at a time when the local stock market, which has 13 listed companies, has not seen any new listings since 2008."



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Mining sector to save $9 million | The Times Group

Mining sector to save $9 million | The Times Group: "Malawi will soon be able to save about $9 million from importation of clinker following the construction of two clinker factories by Shayona in Kasungu and Cement Products Limited Njereza Plant in Mangochi.

A mining and energy expert, Grain Malunga, made this observation in an interview in view of reports that the two factories are expected to start operating in the next two months.

Malunga said that the coming in of the two factories has energised the mining sector and the entire construction industry through provision of affordable cement products on the local market."



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Malawi launches first EITI report with calls for minerals and mining Act enactment - The Maravi Post

Malawi launches first EITI report with calls for minerals and mining Act enactment - The Maravi Post: "LILONGWE-(MaraviPost)- The country’s much awaited Extractive Industry Transparency Initiative (EITI) report was launched this week with participants calls for Government to amend the 1981 Minerals and Mining Act.

The report, which is the first of its kind, was to enable Malawi attain world compliant status in the extractive industry.
The study covers payments by extractive companies, revenues received by Government entities, and other material payments between July 2014 and June 30, 2015.
The total revenue received from the extractive industries amounted to MK5.9 billion, of which only 60% was generated and accounted for by the Malawi Revenue Authority (MRA)."



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Reserve Bank of Malawi raises flag on asset bubble | The Times Group

Reserve Bank of Malawi raises flag on asset bubble | The Times Group: "Reserve Bank of Malawi raises flag on asset bubble
Posted By: Taonga Sabolaon: July 31, 2017In: BusinessNo Comments
Reserve Bank of Malawi Governor, Dalitso Kabambe, has said Malawi could plunge into an asset bubble in 2018 if the prevailing rapid growth of pensions and insurance funds is not addressed.

An asset bubble is a situation where the price of an asset, such as housing or stocks, becomes over-inflated. It could also be described as a situation in which asset prices appear to be based on implausible or inconsistent views about the future."



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