US’s Opic targets US$100m for Malawi - BNL Times

US’s Opic targets US$100m for Malawi - BNL Times: "United States Government’s development finance institution, the Overseas Private Investment Corporation (Opic), says it is targeting to increase investment portfolio to Malawi, targeting a minimum of US$100 million within the next three years."



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Malawi governement optimistic on 6.1% growth - BNL Times

Malawi governement optimistic on 6.1% growth - BNL Times: "Minister of Finance Maxwell Mkwezalamba is upbeat the Malawi economy will grow by 6.1 percent in 2014, despite several factors such as withdrawal of aid from development partners and the suspension of mining activities at Kayerekera Uranium mine in Karonga, which could hamper progress.

Speaking to the media recently, Mkwezalamba said that the country is experiencing some economic stability following measures the government put in place but some economic commentators have since observed that the country may not be able to make the target as it is currently facing several derailing factors."



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Malawi's banks laxity shocks analysts - BNL Times

Malawi's banks laxity shocks analysts - BNL Times: "Economic analysts have described as shocking the revelations that the Reserve Bank of Malawi, commercial banks and the office of the Auditor General allowed huge amounts of money from public coffers to be paid out without checking with relevant government control officers in relevant departments and ministries."



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Mkango Resources Announces Amended Private Placement and Increase in Offering - WSJ.com

-(Marketwired - Feb. 24, 2014) -

Mkango  is pleased to announce that it has entered into a non-binding term sheet with certain affiliates of Sprott Inc. (the "Finders") to act as finders for the Corporation under its previously announced proposed non-brokered private placement (the "Private Placement")."



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Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers

Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers: " A British-funded forensic audit into the massive plunder of the Malawi government coffers has uncovered that over 13 billion Malawi kwacha (over US$ 30 million) was looted by politicians, business persons and civil servants.

The audit, conducted by British accounting firm, Baker Tilly, covered the period between April 2012 and September 2013. Coincidentally President Joyce Banda took over power on 7 April, 2012, following the sudden death two days earlier from cardiac arrest complications of President Bingu wa Mutharika."



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Zambia Railways to deliver 50 wagons | Zambia Daily Mail

Zambia Railways to deliver 50 wagons | Zambia Daily Mail: "From DARLINGTON MWENDABAI in Chipata
ZAMBIA Railways Limited (ZRL) plans to deliver 50 wagons for the Chipata-Mchinji railway line in Eastern Province by the end of next month"



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Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi - EIN News

Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi - EIN News: "PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 02/18/14 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin" or the "Company") wishes to advise that a minor incident occurred on Monday, February 10, 2014 during the routine transportation of Uranium Oxide Concentrate (UOC) from the Company's Kayelekera Mine (KM) in northern Malawi for export through the Port of Walvis Bay in Namibia."



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Indian firm Gillanders to buy out Malawi-based tea and macadamia producer : Regions : Venture Capital Post

Indian firm Gillanders to buy out Malawi-based tea and macadamia producer : Regions : Venture Capital Post: "Gillanders Arbuthnot & Co Ltd, an Indian business group, has entered an agreement to buy out Group Development Ltd, a tea and macadamia production company in Malawi. Based on a stock market disclosure, the purchase also included the three crop-producing subsidiaries of Group Development, wrote VC Circle."



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Malawi Revenue Authority collects K40 billion in January - BNL Times

Malawi Revenue Authority collects K40 billion in January - BNL Times: "The Malawi Revenue Authority (MRA) collected a record K40.76 billion in tax revenues, a development the tax collecting body has attributed to the positive effects of Voluntary Compliance Window (VCW) programme."



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Paladin Energy spills radioactive material at its Kayelekera mine in Malawi | www.malawitoday.com

Paladin Energy spills radioactive material at its Kayelekera mine in Malawi | www.malawitoday.com: "Paladin Energy spills radioactive material at its Kayelekera mine in Malawi
17 February 2014 By Peter Ker SYDNEY MORNING HERALD

Australian uranium miner Paladin Energy has reported a spill near one of its African mines, saying a truck carrying a container of uranium oxide from its Kayelekera mine in Malawi overturned while negotiating a curve in the road."



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