Nkula A rehabilitation to be completed August | Malawi 24 - Malawi news

Nkula A rehabilitation to be completed August | Malawi 24 - Malawi news: "Nkula A rehabilitation to be completed August 0
BY ARCHANGEL NZANGAYA ON APR 26, 2018 TOP NEWS
The modernisation of Malawi’s main power production station Nkula A will be completed in August and is expected to add 12 Megawatts (MW) to the national grid.

This is according to Electricity Generation Company (EGENCO) public relations officer Moses Gwaza who was speaking to Malawi24."



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Sovereign Graphite — A Robust African Project — Core Consultants

Sovereign Graphite — A Robust African Project — Core Consultants: "Sovereign Metals: An African Graphite Project with Enviable Infrastructure
24TH APRIL 2018 BY LARA SMITH





The weekend before the African Mining Indaba in Feb, Core Consultants had the privilege of flying to Malawi for a private tour of Sovereign Metals’ (ASX:SVM) (“Sovereign”) Malingunde graphite project, and I have to say that, in my opinion, it ranks as one of the better graphite development projects with some compelling investment factors."



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Low power tariffs frustrating Independent Power Producers | The Times Group

Low power tariffs frustrating Independent Power Producers | The Times Group:Low power tariffs frustrating Independent Power Producers

Posted By: Caroline Kandiero on: April 25; 2018 In: Business No Comments

About three quarters of Independent Power

Producers (IPPs) who signed Memorandums

of Understanding (MoUs) with the government

are said to have pulled out of the deals due to

low tariffs offered by the buyer, Electricity

Supply Corporation of Malawi (Escom).





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IMF trims Malawi Growth forecast - The Nation Online

IMF trims Malawi Growth forecast - The Nation Online:



IMFtrimsMalawiGrowth forecast

Grace Phiri @ April 25, 2018 o Comments

The International Monetary Fund (IMF) has trimmed the country's GDP growth forecast for

2018 to four percent against government's forecast of 4-5 percent, a development analysts say

will lessen investor confidence and decrease private sector activity.

The new forecast is contained in the IMF April 2018 World Economic Outlook (WEO), which puts

Malawi alongside Tanzania, Ghana, Burkina Faso, Uganda, Botswana, Zambia, Cameroon,

Mauritius, Sierra Leone, Mozambique, Tunisia, Lesotho and Angola among economies with

deteriorating growth in their real gross domestic product (GDP) growth projection for 2018.





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Govt to continue importing cement products

Govt to continue importing cement products: "Government says it will continue importing cement products to supplement local production.

The Ministry of Industry, Trade and Tourism says such is the case because the domestic production has not reached its peak due to inconsistent power supply.

Since the country started experiencing power problems last year, local cement manufacturers scaled down production, a situation which forced contractors to start importing cement products from other countries such as Zambia.

According to Deputy Director of Small and Medium Enterprises in the Ministry of Industry, Trade and Tourism Wiskes Mkombezi, the window created some challenges on the part of the buyers, as most traders took advantage of the situation by over charging the prices on the market.
"



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Malawi cotton farmers smile at 17 percent price increase - The Maravi Post

Malawi cotton farmers smile at 17 percent price increase - The Maravi Post: "The Cotton Farmers Association of Malawi (Cfam) on Friday smiled at the government set minimum farm gate prices for cotton this year which is pegged at MK375 per kilogramme from last year’s MK320.

The change represents a 17 percent increase in the prices, a development which has excited cotton farmers in the country.

This was revealed during a press conference held by officials from the Ministry of Agriculture jointly with the Cotton Council of Malawi (CCM) and the Cotton Farmers Association of Malawi (Cfam) in Lilongwe on Friday."



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CHEERS FOR THE BEERS - The Express

CHEERS FOR THE BEERS - The Express: "MALAWI’s largest conglomerate, Press Corporation PLC posted a massive 159 percent increase in its group profit in the past financial year, largely from a partial sale of its sales in Carlsberg Breweries to Castel Internationalle.

The deal with the company, now called Castel Malawi, reduced to 20 percent PCL’s shares in Carlsberg Malawi from 39.65 percent."



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Demand falls on rentals - The Express

Demand falls on rentals - The Express: "THE property market is currently faced with one of its lowest demands for rentals despite an upsurge in the construction industry.

Don Whayo who is MD of Knight Frank Malawi, explained to The Express that most buildings that are under construction, especially in Blantyre, are either for specific projects or for owner-occupation.

This will have little impact on the property management business which depends mainly on private or institutional property developments."



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Malawi News Agency Online - Malawi expects a rise in tourists from China

Malawi News Agency Online - Malawi expects a rise in tourists from China: " 

Lilongwe, April 19, 2018: Director for Tourism, Isaac Katopola says Malawi expects a boom in Chinese travelers and holiday makers coming into the country by the year 2020.

This comes as Malawi through the Department of Tourism in conjunction with the Malawi Mission in Beijing exhibited Malawi’s hospitality industry at the 15th China outbound Travel and Tourism Market (COTTM) held at the National Agricultural Exhibition Centre from April 16 to 18, 2018 in Beijing.

“We presented Malawi as a travel destination rich in diversity, compact in size, rich in hospitality with an authentic and original African travel experience,” Katopola, who led the Malawi delegation, said.

Some of the attractions presented include Lake Malawi and its clean sandy beaches, biodiversity and ecotourism Islands, wildlife and natural scenery attractions like mountains."



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Auction Holdings Limited posts K44bn loss in just a year | Malawi Nyasa Times - Malawi breaking news in Malawi

Auction Holdings Limited posts K44bn loss in just a year | Malawi Nyasa Times - Malawi breaking news in Malawi:


Auction Holdings Limited posts K44bn loss in just a year

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April 21, 2018 Owen Khamula - Nyasa Times

State run tobacco and produce market, Auction Holdings Limited (AHL) has posted a record K44 billion in last year's seasor a revelation that has shocked parliament.  Group Head of Risk and  Compliance at AHL Madalitso  Jerenje told the Budget and  Finance  committee 

of  parliament that this was as a  result of much of their commodities failure to be sold.



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