Facing the brutality of high lending rates | The Times Group

Facing the brutality of high lending rates | The Times Group: In February 2015, Blantyre-based businessman Richard Chaponda had a rude awakening when officers from one of the commercial banks in the country stormed his Dika Hotel in Chirimba to repossess it over a loan he had obtained from the bank in 2012

IMF projects Malawi 2016 growth at 4% | The Times Group

IMF projects Malawi 2016 growth at 4% | The Times Group: The International Monetary Fund (IMF) has projected Malawi’s economy to grow between 3 and 4 percent in 2016, subject to weather conditions.

The fund has since pegged Malawi’s gross domestic product (GDP) for 2015 at 3 percent.

In a statement issued at the end of a review mission in Malawi on Wednesday, the IMF also expects Malawi’s inflation to continue going down.

IMF declares Malawi fit for Extended Credit Facility | News24

IMF declares Malawi fit for Extended Credit Facility | News24: "Lilongwe - The International Monetary Fund (IMF) has declared that Malawi is on track to revive the Extended Credit Facility (ECF) programme due to good management of domestic finance since September 2015.

The ECF, a tool for medium-term financial support, was approved in July 2012 and is aimed at low income member states such as Malawi, local newspaper Nyasa Times reported."



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Nacala Corridor wagon lease signed - Railway Gazette

Nacala Corridor wagon lease signed - Railway Gazette: AFRICA: Northern Mozambique railway concessionaire Corredor De Desenvolvimento Do Norte has signed a five-year agreement to lease 100 grain wagons from GPR Leasing Africa for use between Bakhresa Malawi Ltd’s grain terminal at the Port of Nacala and a milling and packing plant in Malawi

Malawi kwacha seen stabilising, 2016 growth pegged at over 4 percent

Malawi NEWSNow � Malawi kwacha seen stabilising, 2016 growth pegged at over 4 percent: LILONGWE�(Mabvuto Banda and Ed Stoddard, Reuters) – Malawi should see economic growth pick up to more than 4 percent in 2016 from about 3 percent last year as the country recovers from a drought caused by the El Nino weather pattern, its finance minister sai

Malawi NEWSNow � Malaw govt to issue and sign power purchasing agreement this year

Malawi NEWSNow � Malaw govt to issue and sign power purchasing agreement this year: Government through the Electricity Corporation of Malawi (ESCOM) said it will issue and sign the first Power Purchase Agreement (PPA) in the first quarter of 2016.

Nacala transit time reduced 50 percent | The Times Group

Nacala transit time reduced 50 percent | The Times Group: Transit time for goods between Liwonde in Malawi and the port of Nacala in Mozambique has been reduced to just two days from four days following rehabilitation of the railway line by Vale International.

Zambia Impounds 28 Maize Trucks On Way to Malawi - allAfrica.com

Zambia Impounds 28 Maize Trucks On Way to Malawi - allAfrica.com: The Zambia Revenue Authority (ZRA) has reportedly impounded 28 maize-laden trucks destined for Malawi.

According to Times of Zambia, the vehicles did not have export permits from Zambia's ministry of agriculture

Malawi, France to Launch Mapping of Geological Resources Wealthy U.S$12 Million - allAfrica.com

Malawi, France to Launch Mapping of Geological Resources Wealthy U.S$12 Million - allAfrica.com: Lilongwe — The New French Ambassador Laurent Delahousse, disclosed that there is a big development between Malawi and Government of France which is yet to be launched on mapping of geological resources of the country

China's economic downturn 'will not affect' projects in Malawi - Capital Radio Malawi

China's economic downturn 'will not affect' projects in Malawi - Capital Radio Malawi: The government of Malawi has played down suggestions that delays in the commencement of the Chinese funded projects in the country are due to the economic challenges China is facing.