Malingunde Graphite Project feasibility study underway - The Nation Online

Malingunde Graphite Project feasibility study underway - The Nation Online: Malingunde Graphite Project feasibility study underway Malawi News Agency August 10, 2018 0 Comments � Sovereign Metal Services Limited, an Australian mining firm, has said a feasibility study on the Malingunde Graphite Project in Lilongwe is underway to determine the viability of the project. The firm’s country manager Andries Kruger said during an awareness meeting in Lilongwe on Wednesday that they are also conducting exploration works which include conducting technical studies of the project area.

Malawi tobacco revenue rises 35 percent | Reuters

Malawi tobacco revenue rises 35 percent | Reuters: LILONGWE, Aug 10 (Reuters) - Revenue from Malawi’s major export crop tobacco has risen 35 percent compared to last year and could exceed $300 million by the end of the season later this month, industry data showed on Friday. The industry regulator Tobacco Control Commission (TCC) said the increase stemmed in part from an influx of leaf imports from neighbouring Zambia and Mozambique, which Malawi sold on.

Mkango Resources Ltd updates on drilling at Songwe Hill project

Mkango Resources Ltd updates on drilling at Songwe Hill project: Mkango Resources Ltd (LON:MKA) has updated on a major diamond drilling programme at its Songwe Hill Rare Earths project in Malawi.

The AIM-listed miner said a total of 6,558m of drilling had been completed as of August 8, comprising 52 drill holes to a maximum depth of around 220 metres, with multiple zones of carbonatite, the primary host rock for rare earth mineralisation at Songwe, being intersected.

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‘Proposed 60% Escom power hike will hurt economy’ | The Times Group

‘Proposed 60% Escom power hike will hurt economy’ | The Times Group: If you are using K20 000 on electricity, the proposed 53 percent hike would see you spending above K30 000 from September this year, says Malawi Confederation of Chambers of Commerce and Industry (MCCCI).

MCCCI Chief Executive Officer, Chancellor Kaferapanjira, warned that the proposed 60 percent tariff hike by Electricity Supply Corporation of Malawi (Escom) over the next five years will crash the economy.

Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway

Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway: Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway
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14:17 06 Aug 2018
Mkango chief executive William Dawes said the group was "excited" to commence what will be the largest drill programme to date at Songwe.

Malawi's Songwe-Kasumulu "One Stop Boarder Post" on course-Trade Minister Mussa - The Maravi Post

Malawi's Songwe-Kasumulu "One Stop Boarder Post" on course-Trade Minister Mussa - The Maravi Post: LILONGWE-(MaraviPost)-The much awaited�One Stop Boarder Post� at Songwe/Kasumulu is likely to take its shape following World Bank and African Development (ADB) funds approval for conducting feasibility studies. � The project has been long overdue after Malawi government initiated the construction of the posts for easy business transactions of the country’s neighbors including Tanzania. �

Malawi moves to boost Agoa exports - The Nation Online

Malawi moves to boost Agoa exports - The Nation Online: Malawi moves to boost Agoa exports
Orama Chiphwanya August 6, 2018 0 Comments
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Faced with falling exports through the United States (US) trade window, African Growth and Opportunity Act (Agoa), the Ministry of Industry, Trade and Tourism says it has instituted policies to reverse the trend.

Latest trade figures from Agoa— a US government trade window that targets 40 least developed countries, including Malawi—shows that in 2017, export earnings dropped by about 17 percent to� $62.1 million (about K45 billion) from $74.4 million (about K54 billion) the previous year.

Govt tipped on pension funds - The Nation Online

Govt tipped on pension funds - The Nation Online: Govt tipped on pension funds Orama Chiphwanya August 4, 2018 0 Comments With the country’s pension funds rapidly increasing, corporate and financial strategist James Kamwachale Khomba has advised government to put the pool of resources into long term profitable investments. Since the new Pension Act enactment in 2011, Malawi’s pension industry has been among the world’s fastest-growing following the sharp growth in pension savings and assets, growing at an average of 34 percent annually.

Economic Expert Warns on Delays to Sign IPPs

Economic Expert Warns on Delays to Sign IPPs: An economic expert has warned delays by government to bring in Independent Power Producers (IPPs) would derail efforts to grow the economy with 7% per year as touted by President Peter Mutharika.

Gilbert Kachamba, a lecturer at the Catholic University, observed in an interview with Zodiak Online failure to add more power to the national grid is heavily impacting on employment and cost of production.

Kachamba warns that the delays to address power problems have the potential to change the economic course of the country.