Malawi 2017 External Debt Rises to Record $2.06 Billion - Bloomberg

Malawi 2017 External Debt Rises to Record $2.06 Billion - Bloomberg: "
Malawi 2017 External Debt Rises to Record $2.06 Billion
By Frank Jomo
17 April 2018, 12:10 CEST
Malawi’s external debt rose 11 percent in 2017 from a year earlier to reach 1.49 trillion kwacha ($2.06 billion), the highest since at least 1984, according the Reserve Bank of Malawi.

Debt servicing fell 24 percent to 23.8b kwacha, including interest payments of 12.7b kwacha, the central bank said in a statement on its website."



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Mera maintains fuel pump prices - The Nation Online

Mera maintains fuel pump prices - The Nation Online:



Mera maintains fuel pump prices

Grace O April 17, 2018 o Comments

Malawi Energy Regulatory Authority (Mera) has maintained fuel pump prices at current levels

which means that petrol remains at K824-70 per litre, diesel at K815.80 per litre and paraffin

at K648.70 per litre.

In a statement issued on Friday, Mera board chairperson Reverend Joseph Bvumbwe said the

average free on board (FOB) prices of petrol, diesel and paraffin increased in March 2018 when

compared to the averages obtained in the month of October 2016 which is used as the basis for

determining the ruling pump prices.





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K16.2bn bank sale proceeds still idle - The Nation Online

K16.2bn bank sale proceeds still idle - The Nation Online:



K16.2bn bank sale proceeds still idle


Three years after disposing two commercial banks—Malawi Savings Bank (MSB) and Indebank government is yet to decide on how to use the proceeds which have accumulated to K16.2 billion.

Proceeds from the sale of its wholly-owned bank MSB at K9-5 billion and Indebank at K6.7 billion in 2015 were initially deposited in interest-generating Public Private Partnership Commission (PPPC) bank account before the money was moved to a government account, according to PPPC chief executive officer Jimmy Lipunga.





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Dzombe takes over LL bus depot project - The Nation Online

Dzombe takes over LL bus depot project - The Nation Online:

A local
firm has taken over the multi-billion kwacha Lilongwe City Council's modern
international and intercity bus terminal project, which the council had previously earmarked to be implemented by Khato Civils, Nation on Sunday can reveal.

With pomp and fanfare LCC signed a memorandum of understanding (MoU) with Khato Civils
owned by South African-based Malawian business mogul Simbi Phiri to construct a modern intercity and

international bus depot

in
Lilongwe. 

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Malawi Parliament budget meeting opens May four - The Maravi Post

Malawi Parliament budget meeting opens May four - The Maravi Post: "Meeting of Parliament, which is the 3rd Meeting of the 47th Session of parliament, is slated for Friday May 4, National Assembly has announced.

A press statement signed by Speaker of the National Assembly, Richard Msowoya, said the meeting will run up to Friday 29th June.

“All cabinet ministers, deputy ministers and honourable members of parliament are summoned to attend the meeting at the time and place indicated until adjournment Sine Die and herein fail not,” the statement reads in part.
President Prof. Peter Mutharika is expected to open the meeting at 10 am in the parliament chamber."



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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 the 2018 growing season that is reduced by 14% meeting the buyers demands.

President Mutharika did offer little a hope by attempting to urge buyers to provide good prizes for farmer"



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Govt Issues Licence To Kwacha Airlines – Malawi Voice

Govt Issues Licence To Kwacha Airlines – Malawi Voice: "An all Malawian-owned Kwacha Airlines has been granted a licence enabling it to start operating in Malawi on September 1, 2018.

The new airline will probably give Malawian Airlines tough competition but at the same time will give customers an opportunity to have more than one airline to choose from."



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Khato Civils on course to implement Lake Malawi water project, says Simbi Phiri | Malawi Nyasa Times - Malawi breaking news in Malawi

Khato Civils on course to implement Lake Malawi water project, says Simbi Phiri | Malawi Nyasa Times - Engineering giants Khato Civils Limited say they are fully set to roll out implementation of Lake Malawi Water Supply Projevt which is their flagship undertaking in the country. Coastal Beach - Epic sunset, epic surf.


This dispels a recent newspaper report that hinted of a possible withdrawal from the project  after companys Executive  Chairman, Simbi Phiri, expressed displeasure with some red tape delaying are commencement of the
project. Malawi breaking news in Malawi:



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Mkango’s feasibility for Songwe Hill under way

Mkango’s feasibility for Songwe Hill under way: "Mkango’s feasibility for Songwe Hill under way
13TH APRIL 2018

BY: NATASHA ODENDAAL
CREAMER MEDIA SENIOR DEPUTY EDITOR

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JOHANNESBURG (miningweekly.com) – TSX- and Aim-listed Mkango Resources is well positioned to advance its projects following investments by Noble Group subsidiary Talaxis, the exploration and development company outlined in a management discussion and analysis report for the year ended December 31, published on Friday."



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Blantyre Hotels to Construct 4 Star Hotel in LL

Blantyre Hotels to Construct 4 Star Hotel in LL: "Malawi Stock Exchange listed Blantyre Hotels Limited is planning to construct a 180 room four star business hotel in the capital city, Lilongwe.

A financial statement for the company’s year ending September 2017 says the company is at an advanced stage of negotiations with the landowners for the proposed project.

The company anticipates to raise funds through the Stock Market Exchange (MSE) to fund the project.

“Design concept required for the preliminary clearances and approvals from the relevant authorities are in progress. It is anticipated that the company will be raising fresh equity through a rights issue towards funding the project costs,” reads the statement released by the MSE.

The statement says the company will release more details on the project later"



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