LafargeHolcim plans second plant for soil bricks in Malawi - News - GCR

LafargeHolcim plans second plant for soil bricks in Malawi - News - GCR: Switzerland-headquartered cement giant LafargeHolcim has announced plans to increase production of its Durabric product with a second plant in Malawi, claiming it brings affordable housing while saving trees.
Durabric is made from soil, sand, cement and water and does not require firing like commonly-used clay bricks do. The company says that even without firing the Durabric is three times stronger than traditional bricks.

Malawi gets K27bn boost on Nacala road project – The Nation Online

Malawi gets K27bn boost on Nacala road project – The Nation Online: Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has committed to prudent use of $36.7 million (about K27 billion) for the Multinational Nacala Road Corridor Development Project phase five.

The minister said in Lilongwe during the signing of the agreement with African Development Bank (AfDB)� group that government will endeavour to implement the project in accordance with the provisions of the financing agreements as well as Malawi’s own Public Finance Management rules.

Mkango Resources has a ravenous appetite for rare earths

Mkango Resources has a ravenous appetite for rare earths: TSXV and AIM-listed Mkango Resources sits in a rather unique position amongst its junior rare earths peers – who are focused on bringing mines into production but struggling to secure funding to do so.

Not only does Mkango Resources have the financial backing of a prestigious partner – Talaxis – the company is investigating the potential to bring a large-scale mine to market as well as the delivery of separated rare earth metals, CEO WILLIAM DAWES tells LAURA CORNISH.

Mkango’s Songwe Hill rare earth project, located in southern Malawi, could potentially move into construction towards the start of 2021 – upon completion of a bankable feasibility study (BFS) – which is currently underway – and a positive set of results.

Reserve Bank of Malawi speaks on eco growth constraints - The Times Group Malawi

Reserve Bank of Malawi speaks on eco growth constraints - The Times Group Malawi: The Reserve Bank of Malawi (RBM) said the local economy has remained vurnerable to various shocks for years due to its historical overdependence on agriculture as its mainstay.

RBM Governor Dalitso Kabambe said Malawi’s economy could extremely grow if the country diversified its revenue base.

Slow response to investment – The Nation Online

Slow response to investment – The Nation Online: �Malawi’s investment inflows continue to move at a snail’s pace with figures showing only 35 companies out of 105 2018 investment pledges have materialised, a move Malawi Investment Trade Centre (Mitc) has linked to a challenging business operating environment.

Available figures indicate that Mitc received investment pledges worth $1.4 billion (K1.083 trillion) from 105 companies in 2018 and $234.7 million (K175.5 billion) investment pledges at August this yea

Malawi News Agency Online - Wealth creation critical in new Vision agenda for Malawi

Malawi News Agency Online - Wealth creation critical in new Vision agenda for Malawi: Lilongwe, November 20, 2019: National Planning Commission (NPC) has emphasized the need to aim at prioritizing wealth creation in the development of�� Vision 2063 agenda for the country.��

NPC Director General, Dr. Thomas Munthali said this Tuesday during Vision 2020 Review Validation workshop held at Crossroads hotel in Lilongwe.

Malawi's economy needs an overhaul - The Maravi Post

Malawi's economy needs an overhaul - The Maravi Post: MZUZU-(MaraviPost)-The Reserve Bank of Malawi (RBM) Governor says if the economy of the country is to flourish, players in the economy need to diversify rather than relying on sector.

Speaking on Thursday at the opening of a two day media training on economic and business reporting in Mzuzu, the RBM boss, Dr Dalitso Kabambe, said Malawi’s economy has heavily relied on rain fed agriculture for so so long.

IMF gives Malawi USD $40 Million (K29 billion) in Direct Budget Support - The Maravi Post

IMF gives Malawi USD $40 Million (K29 billion) in Direct Budget Support - The Maravi Post: Malawi will get resources amounting to US$40.0 million (Approximately, MK29 Billion) from the International Monetary Fund (IMF) in direct budget support, the first time this has happened since 2013 when it was suspended.

Minister of Finance, Economic Planning and Development, Joseph Mwanamvekha, disclosed this Saturday afternoon during a media briefing at Capital Hill in Lilongwe.

Treasury sticks to5% GDP target – The Nation Online

Treasury sticks to5% GDP target – The Nation Online: Ministry of Finance, Economic Planning and Development has maintained that the economy will this year grow by five percent regardless of weather-related shocks, lower tobacco earnings and intermittent power supply.

The ministry’s spokesperson Davis Sado said in an interview on Tuesday said the projected growth is premised on favourable weather conditions in the last growing season and its spillover effects to other sectors.

Government to buy back K40.7 billion securities - The Times Group Malawi

Government to buy back K40.7 billion securities - The Times Group Malawi: he government will from Thursday buy back securities worth K40.7 billion from individual and institutional investors as a public debt management strategy.

The move is, however, likely to fuel a sharp surge in money supply which could trigger inflation.

According to the Reserve Bank of Malawi, the reverse auction will take place in two tranches with the Thursday auction targeting K20.7 billion and another auction slated for December 5 targeting K20 billion worth of securities.