Legalbrief - IMF salutes efforts to tackle graft

Legalbrief - IMF salutes efforts to tackle graft: "
  


IMF salutes efforts to tackle graft
Published in: Legalbrief Africa New
Date: Tuesday 08 April 2014
Category: Malawi
Issue No: 572



The International Monetary Fund (IMF) has noted that Malawi has made progress after a massive government corruption scandal last year.

However, it is urging the East African nation to bring soaring prices under control. A report on the News24 site notes that it adopted an action plan to bust graft in the wake of massive fraud last year that prompted Western donors to freeze $150m in aid. 'The authorities have made progress in addressing governance and public financial management weaknesses,' the IMF said at the end of its latest review mission to the country. The report notes that President Joyce Banda, who faces an election in just more than six weeks, has implemented austerity steps that led to the restoration of an IMF $79.4m credit facility."



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New Nacala International Airport expected to open in August

New Nacala International Airport expected to open in August: "The new Nacala International Airport in northern Mozambique is set to open in August this year.
Development work to convert the former Nacala Air Base is nearly complete, according to Brazilian contracting firm Odebrecht International.
 
The $144 million project is expected to be completely finished by the end of the first quarter of 2015, and will have a capacity of 500,000 passengers a year"



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Liquidated Finance Bank set to resume operations in Malawi - BNL Times

Liquidated Finance Bank set to resume operations in Malawi - BNL Times: "Liquidated Finance Bank could resume operations in the country by May this year, officials from the bank told journalists in Zambia on Tuesday.

Finance Bank Zambia (FBZ) Limited Chairman Rajan Mahtani disclosed this in Lusaka, Zambia on Tuesday night during a cocktail party held to announce the bank’s financial statements for the year ended December 31, 2013"



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Malawi's niobium samples in Guangzhou for tests - BNL Times

Malawi's niobium samples in Guangzhou for tests - BNL Times: "The Chinese Customs Authority has cleared a 40-tonne consignment of sample niobium minerals from Malawi’s Kanyika Mine in Mzimba which has now arrived at the Research Institute for Non-Ferrous Metals in the city of Guangzhou for confirmatory tests.

Australian mining firm Globe Metal and Mining, currently exploring the viability of mining niobium at Kanyika, said in a statement on Tuesday that the release of the sample from customs was delayed due to Chinese New Year holidays and sample examinations."



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Modernisation of port of Nacala, Mozambique due to begin in April | Macauhub English

Modernisation of port of Nacala, Mozambique due to begin in April | Macauhub English: "Modernisation of port of Nacala, Mozambique due to begin in April
MARCH 7TH, 2014   NEWS
Work to modernise the port of Nacala, a US$300 million project funded by Japan, is due to begin in April the Mozambican Minister for Transport and Communications, Gabriel Muthisse said Thursday"



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Malawi pinning hopes of increased mining investor interest on airborne survey

Malawi pinning hopes of increased mining investor interest on airborne survey: "
By: Marcel Chimwala
7th March 2014
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The Malawi government says it is optimistic the results of a countrywide airborne geophysical survey currently under way will attract more foreign investors to the country’s largely underexploited mining sector.

Malawi contracted Canadian firm Sander Geophysics last year to conduct the survey.

The survey is being conducted as part of the Mining Governance and Growth Support Project, financed by a $25-million loan from the World Bank’s International Development Association and a €5-million grant from the European Union."



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Uranium outfit Paladin dupes Malawi govt: Disregards mining law

Uranium outfit Paladin dupes Malawi govt: Disregards mining law | www.malawitoday.com: "Uranium outfit Paladin dupes Malawi govt: Disregards mining law
8 March 2014 NATION

The Australian-registered Paladin Africa Limited has thrown to the dogs laws governing mining in Malawi to which they duly signed to respect, suspending mining operations at Kayelekela without notice, Weekend Nationhas established.

After retrenching 296 Malawians and 71 expatriates, management at Kayelekela this week told the remaining 40 percent of local staff that most of them will be retrenched come April."



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