Debt, power top threats to growth | The Times Group:
Investment management and advisory firm, Nico Asset Managers has outlined five risks facing the
Malawi economy and has indicated that, if not addressed, these can affect real Gross Domestic
Product (GDP) growth this year.
The list includes persistent power outages, high population and government debt levels.
This is coming at a time, when economic think tank, the Economic Intelligence Unit revised the
growth figure for 2018 to 3.6 percent from an initial forecast of 4.1 percent.
The Reserve Bank of Malawi (RBM) also lowered its growth projection for 2018 to four percent
from 5.1 percent in 2017.
In its Monthly Economic Brief for March, Nico Asset Managers says the growth strides may be
compromised this year due to, among other things, high population growth, persistent weak export
base and banking sector risks.
'via Blog this'
Business and Economic News from Malawi
Tuesday, April 10, 2018
Poor prices mar Malawi tobacco market opening day ; as low as 80 cents/kg - The Maravi Post
Poor prices mar Malawi tobacco market opening day ; as low as 80 cents/kg - The Maravi Post: "LILONGWE-(MaraviPost)-There is little for local tobacco farmers for this year’s marketing season with the first day as the green gold fetches as low as 80 cents per kilogram.
President Peter Mutharika and Vice-President Saulos Chilima opened this year’s tobacco market at Lilongwe Auction Floors on Monday.
This comes despite low production of tobacco in th"
'via Blog this'
President Peter Mutharika and Vice-President Saulos Chilima opened this year’s tobacco market at Lilongwe Auction Floors on Monday.
This comes despite low production of tobacco in th"
'via Blog this'
Monday, April 9, 2018
Stock market buoyant | The Times Group
Stock market buoyant | The Times Group:
Stock market buoyant
Posted By: Grace Thipa on: April 09, 2018 In: Business No Comments
The stock market was buoyant in the first quarter of 2018, registering a positive return on index of
17.08 percent and an increase in both total traded value and volume.
Turnover inched to K 10.1 billion, compared to K727.6 million realised during the same period in
2017, representing 758.93 percent increase in share volume and 1294.67 percent in share value.
An update from the Malawi Stock Exchange (MSE) shows daily average share trades exhibited
similar trends with the share market registering an average daily volume of 5, 183,555 shares
compared to 603,487 shares traded in the corresponding first quarter of 2017.
The month of February registered the highest value traded of K7.7 billion and volume traded of
245,801 ,275.
Of the shares traded, 131.8 million NBS shares were traded as a Special Bargain.
'via Blog this'
Stock market buoyant
Posted By: Grace Thipa on: April 09, 2018 In: Business No Comments
The stock market was buoyant in the first quarter of 2018, registering a positive return on index of
17.08 percent and an increase in both total traded value and volume.
Turnover inched to K 10.1 billion, compared to K727.6 million realised during the same period in
2017, representing 758.93 percent increase in share volume and 1294.67 percent in share value.
An update from the Malawi Stock Exchange (MSE) shows daily average share trades exhibited
similar trends with the share market registering an average daily volume of 5, 183,555 shares
compared to 603,487 shares traded in the corresponding first quarter of 2017.
The month of February registered the highest value traded of K7.7 billion and volume traded of
245,801 ,275.
Of the shares traded, 131.8 million NBS shares were traded as a Special Bargain.
'via Blog this'
Listed firms eye ballooning profits | The Times Group
Listed firms eye ballooning profits | The Times Group:
Listed firms eye ballooning profits
Posted By: Grace Thipa on: April 09, 2018 In: Business No Comments
Malawi Stock Exchange-listed Mpico Limited, Nico Holdings and Press Corporation PLC are
expecting profits for the year ended 2017 to be significantly higher than the earnings realised in
2016.
A weekly market report circulated by Cedar Capital, a brokering and dealership company formerly
operating as African Alliance, says Mpico has forecast a jump in profits 100 percent higher than,
what the company realised in 2016.
Towards the end of the 2016 Financial Year, Mpico raised K9 billion in a renounceable rights
issue, which converted its loans into equity.
'via Blog this'
Listed firms eye ballooning profits
Posted By: Grace Thipa on: April 09, 2018 In: Business No Comments
Malawi Stock Exchange-listed Mpico Limited, Nico Holdings and Press Corporation PLC are
expecting profits for the year ended 2017 to be significantly higher than the earnings realised in
2016.
A weekly market report circulated by Cedar Capital, a brokering and dealership company formerly
operating as African Alliance, says Mpico has forecast a jump in profits 100 percent higher than,
what the company realised in 2016.
Towards the end of the 2016 Financial Year, Mpico raised K9 billion in a renounceable rights
issue, which converted its loans into equity.
'via Blog this'
Saturday, April 7, 2018
Kwacha remains firm - The Nation Online
Kwacha remains firm - The Nation Online:
Kwacha remains firm
Orama Chinamulungu O April 7, 2018 o Comments
The Reserve Bank of Malawi (RBM) along with some economic commentators have said the
slight depreciation of the local unit recorded in the previous month is no cause for alarm but
rather a normal market occurrence.
The central bank and the economic commentators were reacting to a recent situation where
the kwacha has remained firm to major trading currencies for the past 14 months, but
experienced a slight depreciation last month by shedding off Kl.
'via Blog this'
Kwacha remains firm
Orama Chinamulungu O April 7, 2018 o Comments
The Reserve Bank of Malawi (RBM) along with some economic commentators have said the
slight depreciation of the local unit recorded in the previous month is no cause for alarm but
rather a normal market occurrence.
The central bank and the economic commentators were reacting to a recent situation where
the kwacha has remained firm to major trading currencies for the past 14 months, but
experienced a slight depreciation last month by shedding off Kl.
'via Blog this'
Friday, April 6, 2018
Malawi's economy at risk of debt distress—IMF - The Maravi Post
Malawi's economy at risk of debt distress—IMF - The Maravi Post: "LILONGWE-The International Monetary Fund (IMF) has said authorities need to closely monitor debt dynamics, given the rapid speed at which debt stock is rising.
Recent studies have placed Malawi among countries, where debt is rising to risky levels.
IMF Resident Representative to Malawi, Jack Ree, told the Daily Times that the fund’s latest debt sustainability assessment has rated Malawi as a moderate debt risk country. He said, going forward, it would be critical for the government to manage fiscal policy prudently to consolidate gains made.
“A big part of this is to ensure that public debt remains sustainable and is deployed for good use.
“It would also require guarding against the risk of an over-building and ensuring that the debt is deployed to good uses,” he said.
Ree further said there is need to factor in recurrence of shocks, resulting from climate change."
'via Blog this'
Recent studies have placed Malawi among countries, where debt is rising to risky levels.
IMF Resident Representative to Malawi, Jack Ree, told the Daily Times that the fund’s latest debt sustainability assessment has rated Malawi as a moderate debt risk country. He said, going forward, it would be critical for the government to manage fiscal policy prudently to consolidate gains made.
“A big part of this is to ensure that public debt remains sustainable and is deployed for good use.
“It would also require guarding against the risk of an over-building and ensuring that the debt is deployed to good uses,” he said.
Ree further said there is need to factor in recurrence of shocks, resulting from climate change."
'via Blog this'
Thursday, April 5, 2018
A LASTING LEGACY FOR AFRICAN CONSTRUCTION
A LASTING LEGACY FOR AFRICAN CONSTRUCTION: "
A LASTING LEGACY FOR AFRICAN CONSTRUCTION
With their sights firmly set on new opportunities on the African continent’s horizon, Khato Civils, a Khato Holdings company, has grown from a Construction Industry Development Board (CIDB) grade 4 to a CIDB grade 9 company—one of very few wholly black-owned construction companies to do so
April 5th, 2018
Tags: infrastructure, development, khato holdings, water and sanitation, success
Specialising in the development of large-scale infrastructure, Khato Civils has established itself as one of the leading black emerging construction companies within the South African market, thanks to a team of qualified professionals with broad experience in areas of earthworks, pipelines, waterworks, roads and concrete works."
'via Blog this'
A LASTING LEGACY FOR AFRICAN CONSTRUCTION
With their sights firmly set on new opportunities on the African continent’s horizon, Khato Civils, a Khato Holdings company, has grown from a Construction Industry Development Board (CIDB) grade 4 to a CIDB grade 9 company—one of very few wholly black-owned construction companies to do so
April 5th, 2018
Tags: infrastructure, development, khato holdings, water and sanitation, success
Specialising in the development of large-scale infrastructure, Khato Civils has established itself as one of the leading black emerging construction companies within the South African market, thanks to a team of qualified professionals with broad experience in areas of earthworks, pipelines, waterworks, roads and concrete works."
'via Blog this'
3ders.org - Metalysis secures $17M, prepares to roll out Gen4 metal powder tech for additive manufacturing | 3D Printer News & 3D Printing News
3ders.org - Metalysis secures $17M, prepares to roll out Gen4 metal powder tech for additive manufacturing | 3D Printer News & 3D Printing News: "Metalysis secures $17M, prepares to roll out Gen4 metal powder tech for additive manufacturing
Mar 28, 2018 | By Tess
Metalysis, a UK manufacturer of 3D printable metal alloy powders, has raised £12 million ($17 million) from investors. The funding will help the company pursue its Generation 4 (Gen4) industrial-scale expansion initiative and will go towards establishing cutting-edge post-processing facilities, metal feedstock, and more."
'via Blog this'
Mar 28, 2018 | By Tess
Metalysis, a UK manufacturer of 3D printable metal alloy powders, has raised £12 million ($17 million) from investors. The funding will help the company pursue its Generation 4 (Gen4) industrial-scale expansion initiative and will go towards establishing cutting-edge post-processing facilities, metal feedstock, and more."
'via Blog this'
Wednesday, April 4, 2018
Sovereign Metals: Wide High-Grade Graphite Intercepts Continue At Malingunde - Junior Mining Network
Sovereign Metals: Wide High-Grade Graphite Intercepts Continue At Malingunde - Junior Mining Network:
Mr. Julian Stephens reports:
West Perth, WA / April 3, 2018 / JMN Wire / Sovereign Metals Limited (ASX: SVM)
("the Company" or "Sovereign") is pleased to report the fourth and final batch of assay
results from the 2017 aircore drilling program from its 100%-owned saprolite-hosted
flake graphite projects in Malawi. The results represent mostly infill drilling in the
central and northern parts of the main Malingunde deposit.
'via Blog this'
Mr. Julian Stephens reports:
West Perth, WA / April 3, 2018 / JMN Wire / Sovereign Metals Limited (ASX: SVM)
("the Company" or "Sovereign") is pleased to report the fourth and final batch of assay
results from the 2017 aircore drilling program from its 100%-owned saprolite-hosted
flake graphite projects in Malawi. The results represent mostly infill drilling in the
central and northern parts of the main Malingunde deposit.
'via Blog this'
Tuesday, April 3, 2018
Malawi to reclaim global groundnuts market—Firm - The Nation Online
Malawi to reclaim global groundnuts market—Firm - The Nation Online:
Malawi to reclaim global groundnuts
market—Firm
Christopher O April 3, 2018 o Comments
Malawi has engaged an extra gear to reclaim the lost global groundnut market by opening a
factory in Lilongwe for value addition as well as producing oil for local and export market.
A new company called Afri Oils Limited has been formed through a Public Private Partnership
(PPP) arrangement involving National Smallholder Farmers Association of Malawi (Nasfam) ,
Ag DevCo, Exagris Limited, Humana Twin Trading, Cordaid and Waterloo Foundation.
The firm has set up an oil processing factory at Njewa, along the Lilongwe-Mchinji Road.
'via Blog this'
Malawi to reclaim global groundnuts
market—Firm
Christopher O April 3, 2018 o Comments
Malawi has engaged an extra gear to reclaim the lost global groundnut market by opening a
factory in Lilongwe for value addition as well as producing oil for local and export market.
A new company called Afri Oils Limited has been formed through a Public Private Partnership
(PPP) arrangement involving National Smallholder Farmers Association of Malawi (Nasfam) ,
Ag DevCo, Exagris Limited, Humana Twin Trading, Cordaid and Waterloo Foundation.
The firm has set up an oil processing factory at Njewa, along the Lilongwe-Mchinji Road.
'via Blog this'
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