Malawi's inflation slows to 8.4 percent in September |

Malawi's inflation slows to 8.4 percent in September |: "Off The Wire
Malawi's inflation slows to 8.4 percent in September
Reuters
Saturday October 14, 2017 12:06  LILONGWE, Oct 14 (Reuters) - Malawi's consumer inflation slowed to 8.4 percent year-on-year in September from 9.3 percent in August, official data from the National Statistical Office showed on Saturday.

The statistics office said a key contributor to slower price growth was a decline in both food and non-food inflation.


(Reporting by Mabvuto Banda; Editing by Richard Balmforth)"



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Foreign reserves at 3.48 months - The Nation Online

Foreign reserves at 3.48 months - The Nation Online:

Malawi's gross foreign exchange reserves—a combination of official and private sector slightly fell to 3-48 months of import at the start of this week, Reserve Bank of reserves— Malawi (RBM) figures have shown. RBM daily financial market report for October 11 indicates that the gross official reserves  declined to $726.80 million, equivalent to 3-48 months of import cover on October 9 from

$750.23 million which is equivalent to 3-59 months of imports.


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Escom, Egenco fight delays ‘cost-reflective’ tariff - The Nation Online

Escom, Egenco fight delays ‘cost-reflective’ tariff - The Nation Online:

Escom, Egenco fight delays 'cost-reflective' tariff

Suzgo Khunga @ October 5, 2017 o Comments

Differences between Electricity Generation Company (Egenco) and Electricity Supply Corporation of Malawi  Escom) over cost-reflective tariff have delayed the roll out of the scheme with barely a year to the end of the  $350 million (K242 billion) Millennium Challenge Corporation (MCC) energy compact. United States of America (USA) Ambassador Virginia Palmer, whose government is financing the compact through MCC, has since expressed concern over the delayed resolution of the issue.





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Reserve Bank of Malawi miantains policy rate at 18 percent - The Maravi Post

Reserve Bank of Malawi miantains policy rate at 18 percent - The Maravi Post: "LILONGWE-(MaraviPost)-The Reserve Bank of Malawi (RBM) has maintained policy rate at 18 percent, a decision made at the Monetary Policy Committee (MPC) and the Liquidity Reserve Requirement at 7.5 per cent in trying to keep with the latest developments in the economy and the need to keep the inflation firmly on the downward path.
The announcement has come through a statement made by MPC after it conducted a review meeting for global and domestic economic developments and it has been signed by Chairman of the committee, Dr Dalitso Kabambe, who is also Reserve Bank of Malawi Governor."



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Sovereign signs rail MoU in Malawi

Sovereign signs rail MoU in Malawi: "PERTH (miningweekly.com) – Junior Sovereign Metals has signed a memorandum of agreement (MoU) with an infrastructure consortium led by majors Vale and Mitsui, for rail freight, port access and port handling services for graphite product from the Malingunde project, in Malawi.
Sovereign said on Tuesday that the MoU covered the provision of services for up to 100 000 t/y of concentrates over a period of 20 years, with the consortium known as Central East African Railways (CEAR) to supply and maintain all infrastructure, equipment and personnel required to provide the service."



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Nocma to start importing fuel via Nacala rail line - The Nation Online

Nocma to start importing fuel via Nacala rail line - The Nation Online:

Nocma to start importing fuel via 

Nacala rail line 

Llyod chitsulo O September 26, 2017 o Comments State-owned National Oil Company of Malawi (Nocma) has announced plans to start 

transporting fuel through Nacala Railway Corridor to supplement road transportation from 

Mozambique and Tanzania ports. 

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Kam’mwamba project to start Nov - The Nation Online

Kam’mwamba project to start Nov - The Nation Online:

Kam'mwamba project to start Nov

Martha Chirambo O September 29, 2017 o Comments  Government expects the Kam'mwamba Coal -Fired Power Plant Project to start this November  after signing 10 agreements with China last week.  According to Minister of Finance, and Economic Planning and Development Goodall Gondwe  government has agreed with their counterparts in China to have major shareholding of 85  percent while China Gezhouba Group will have 15 percent.

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Khato Holdings – growing Africa on time and within budget

Khato Holdings – growing Africa on time and within budget: "With plans to expand further in Africa, South African black emerging design and construction company Khato Civils expects that, in three to five years, 20% of its workload will be attributable to South Africa, while 80% will be based across the rest of the continent."



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Mkango raises £500 000

Mkango raises £500 000: "OHANNESBURG (miningweekly.com) – Dual-listed Mkango Resources has started Phase 2 of its research and development programme with Metalysis and has raised £500 000 in a share placing to help fund the programme."



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Malawi News Agency Online - Inflation downturn excites private sector

Malawi News Agency Online - Inflation downturn excites private sector: "
Mzuzu, October 02, 2017: The private sector, through its mouthpiece, the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has commended the downturn of inflation by 9.3 percent as a significant step in boosting the country’s economy."



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