New developments in Carlsberg transaction | The Times Group

New developments in Carlsberg transaction | The Times Group: "Preliminary findings show that the transaction in which Castel Group is applying to acquire Carlsberg Malawi may not have an effect in more than two countries in the Common Market for Eastern and Southern Africa (Comesa), leaving the mandate to approve or reject the merger to the  Competition and Fair Trading Commission (CFTC).

The findings show that the acquiring group, Castel, only has operations in the Democratic Republic of Congo while the target, Carlsberg, only has operations in Malawi, thereby not meeting the notification requirements for mergers that are handled by the regional instrument, the Comesa Compeition Commission."



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National Bank of Malawi resuscitates development bank plans | The Times Group

National Bank of Malawi resuscitates development bank plans | The Times Group: "National Bank of Malawi (NBM) has outlined plans to establish a development bank after it completes the integration process with Indebank.

NBM bought 97.05 percent stake in the then government owned Indebank, after the latter failed to meet the Reserve Bank of Malawi’s (RBM) set minimum regulatory Capital and Liquidity Requirement."



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Malawi trade replaces begging bowl - Nkhani Mchitumbuka

Malawi trade replaces begging bowl - Nkhani Mchitumbuka: "Malawi is undergoing a silent economic paradigm shift by diversifying its economic base from its single reliance on agricultural production to direct investments in multiple sectors including agriculture itself and agro-processing, energy, information and communications technology, tourism, infrastructure and manufacturing."



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Goodall says IMF, World Bank imposed anti-corruption bureau to Malawi: Grilled on BBC why no minister has been charged of ‘cashgate’ - Malawi Nyasa Times - Malawi breaking news in Malawi

Goodall says IMF, World Bank imposed anti-corruption bureau to Malawi: Grilled on BBC why no minister has been charged of ‘cashgate’ - Malawi Nyasa Times - Malawi breaking news in Malawi: "Finance Minister Goodall Gondwe told BBC News that governance institutions such as the Anti Corruption Bureau (ACB) were imposed by World Bank and International Monetary Fund (IMF), saying the system ineffectiveness should not be blamed on Malawi."



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Malawi reviews mining act to unlock mineral potential

Malawi reviews mining act to unlock mineral potential: "The Malawi government and mining ministry have initiated a process aimed at reviewing its 1981 Mines and Minerals Act.

Through Malawi's Ministry of Natural Resources, Energy and Mining; and with the support of African Minerals Development Centre (AMDC); government hosted a three-day stakeholder consultative meeting to review the Act and to align its mining regulations and new Petroleum Policy to the Africa Mining Vision (AMV)."



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Firm outlines economic threats | The Times Group

Firm outlines economic threats | The Times Group: "Portfolio and investment management firm Nico Asset Managers Limited has outlined six key risks that could further stifle Malawi’s growth and development endeavour.

The firm, in its July 2016 monthly economic brief has highlighted insufficient power supply, high interest rates, persistent weak export base, high inflation rates and delay in food assistance as likely risks to the economy which could impact the real Gross Domestic Product (GDP) growth estimated at 5.1 percent this year by the Government."



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Malawi Veep Chilima dresses down critics over maize crisis | Malawi24 - All the latest Malawi news

Malawi Veep Chilima dresses down critics over maize crisis | Malawi24 - All the latest Malawi news: "

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15 August 2016 Last updated at: 10:08 AM
Malawi Veep Chilima dresses down critics over maize crisis
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Malawi’s vice president Saulos Chilima has taken a swipe at critics from opposition parties in the country who claimed that government has not bought enough maize for Malawians.
The development comes at a time when opposition parties have expressed concern over the maize crisis arguing that government tends to give empty promises to citizens on maize availability in the country.
The parties added that the ruling Democratic Progress Party (DPP) must not fool Malawians again on the maize crisis with promises that are yet to be implemented."



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Doubts persist over Lake Malawi exploration | Natural Gas Daily

Doubts persist over Lake Malawi exploration | Natural Gas Daily: "
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AFRICA EXPLORATION & PRODUCTION
Doubts persist over Lake Malawi exploration
By Miriam Malek 15 August 2016 9:44 GMT Lake Malawi National Park is a UNESCO World Heritage Site. (Flickr/Christiane Birr)
Malawi is struggling to push forward with upstream oil and gas development, finding itself stymied by inexperienced explorers, poor infrastructure, environmental concerns and an ongoing border dispute with Tanzania.

The Malawian government is searching for a new source of income as droughts worsen and a food crisis looms. Malawi suffers from widespread power shortages, and additional access to gas could kickstart domestic electricity generation."



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Cear hails engineers | The Times Group

Cear hails engineers | The Times Group: "The Central East African Railways (Cear) on Friday hailed its engineers for refurbishing one of its locomotives which was condemned for the scrapyard.

Cear Managing Director, Hendry Chimwaza, said the engineers have demonstrated that Malawi also has expertise which could effectively compete at a global level."



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Nico registers 31% premium growth | The Times Group

Nico registers 31% premium growth | The Times Group: "Nico General Insurance Company has registered a premium income of K6 billion for the past six months of the year, representing a 31 percent growth.

Nico Chief Executive Officer, Eric Chapola, attributed the growth to continued support from the general public and corporate organisations.

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