Mkango Resources invests in rare earth magnets recycler

Mkango Resources invests in rare earth magnets recycler: Mkango Resources invests in rare earth magnets recycler

Malawi economy to grow 4.5% in 2019 -IMF - Reuters

Malawi economy to grow 4.5% in 2019 -IMF - Reuters: Malawi economy to grow 4.5% in 2019 -IMF
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LILONGWE, Sept 18 (Reuters) - Malawi’s economy is likely to expand by 4.5% this year, the International Monetary Fund (IMF) said late on Tuesday, boosted by improved agricultural production and the rebuilding of infrastructure damaged by Cyclone Idai.

The growth projection is down slightly from the fund’s March forecast of a 5% expansion to gross domestic product. Earlier in September the finance ministry said growth would advance 5%, up from 4% growth in 2018.

Lending rates hit 38-year low - The Times Group Malawi

Lending rates hit 38-year low - The Times Group Malawi: Malawi’s lending rates by commercial banks have sunk to a 38- year low, figures from the Reserve Bank of Malawi (RBM) indicate.

Following introduction of reference rate, cost of borrowing stands at 13.4 percent as at September 1 before risk is factored in.

Government borrows K1 trillion in 5 years - The Times Group Malawi

Government borrows K1 trillion in 5 years - The Times Group Malawi: Government has borrowed about K1.009 trillion since 2014 when Democratic Progressive Party (DPP) bounced back into power, Malawi News investigations have revealed.

The investigations have revealed that, in the past five years, Parliament has passed a total of 36 loan authorisation bills, giving a go-ahead to government to borrow the money.

Paladin remains optimistic about uranium market potential

Paladin remains optimistic about uranium market potential: JOHANNESBURG (miningweekly.com) – ASX-listed uranium miner Paladin Energy’s two mines in Namibia and Malawi remain under care and maintenance to preserve resource and shareholder value in the current low uranium price environment; however, the company is positive that uranium demand will pick up in the near future.

#Simbi Phiris struggles :: Evil cooks good pasta -The construction mafia and corrupt politicians seized our Parliament

Mmegi Blogs :: Evil cooks good pasta -The construction mafia and corrupt politicians seized our Parliament: Evil cooks good pasta -The construction mafia and corrupt politicians seized our Parliament

I was reading former FBI Director, James Comey’s Book, “A Higher Loyalty”, the other day. He makes reference to an encounter with one of the most dangerous mafia he had gone to interview at a safe house in Italy and how ordinary the man looked

The Explorers: Force's Jason Brewer on that 2400g/t silver hit at Tshimapala - Stockhead

The Explorers: Force's Jason Brewer on that 2400g/t silver hit at Tshimapala - Stockhead: he silver and lead grades at Force Commodities’ (ASX:4CE) recently acquired Tshimpala project in Malawi are truly ridiculous.

In 2018, assays on a 100-tonne bulk sample returned 60 per cent lead and 765 grams per tonne (g/t) silver.

Then last week, Force reported 2411g/t silver and 60 per cent lead from a grab sample which looks like this:

IMF team in today for Extended Credit Facility review - The Times Group Malawi

IMF team in today for Extended Credit Facility review - The Times Group Malawi: An International Monetary Fund (IMF) Mission team arrives in the country today for review of its $112.3 million (K85 billion) Extended Credit Facility (ECF) programme.

Minister of Finance and Economic Development, Josephy Mwanamvekha told Parliament Monday, when presenting his inaugural full budget, that the Treasury was upbeat of positive outcome from the review.

Among other things, the IMF mission team will meet top government officials.

The ECF-supported programme is aimed at entrenching macroeconomic stability and fostering higher, more inclusive, and resilient growth.

Ulendo extends to Blantyre route - The Times Group Malawi

Ulendo extends to Blantyre route - The Times Group Malawi: Barely three months after launching its Lilongwe-Mzuzu – Likoma Island route, Ulendo Airlink has announced that it is extending its services to Blantyre.

A press statement says, starting from September 23 2019, Ulendo Airlink is set to introduce flights between Lilongwe and Blantyre.

Ulendo Airlink Chief Executive Officer, Rob McConaghy, says the addition of Blantyre to Ulendo’s domestic network was designed to offer comprehensive air services to all key destinations in the country.

Malawi: Mwanamvekha Unveils K1.7 Trillion 2019/20 Malawi Budget - Key Points At-a-Glance - allAfrica.com

Malawi: Mwanamvekha Unveils K1.7 Trillion 2019/20 Malawi Budget - Key Points At-a-Glance - allAfrica.com: Joseph Mwanamvekha has delivered his first Budget as Minister of Finance, Economic Planning and Development. The 2019/2020 budget is pegged at K1.7 trillion up from K1.4 trillion in the 2018/2019 budget. These are the key points of what he has said.

Mwanamvekha with the black box in Parliament which has been a common feature on Budget day for decade