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SA expert to open a mining skills academy in Malawi

by Chancy Namadzunda on Aug 3, 2010

South African mining experts and a Malawian ex-minister have expressed interest to open free-mining skills academy in Malawi which will be donor funded.
Speaking to representative of the civil society and the private sector in Lilongwe, Andre Tsakos, a South African, said a request has already been made to the Office of the President and Cabinet [...]

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Central bank cuts bank rate to 13 percent

by Chancy Namadzunda on Aug 3, 2010

The Reserve Bank of Malawi (RBM) announced a reduction in the official interest rate from 15 percent to 13 percent because of a positive environment prevailing in the economy.
“As you know, inflation rate has been stable for sometime and it has come down to 7.5 percent now. We don’t envisage the inflation to go up [...]

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Battle lines drawn for Malawi presidency

by Sanje Msiska on Aug 2, 2010

Battle lines seem drawn for the presidency of Malawi after vice president Joyce Banda said she would announce her presidential ambitions when time is ripe, two days after declaring that it is Malawians who will choose who they
want.
On Friday, Malawi’s oldest newspaper *The Daily Times* carried an article stating the party which Joyce Banda serves [...]

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IGAD observer mission to be deployed for Kenya’s constitution referendum

by Joseph Kimani on Aug 2, 2010

A 17-member observer mission of the Inter Governmental Authority on Development (IGAD) will be deployed across the country to monitor the August 4 constitution referendum.
The mission to be deployed from various parts of the country from Tuesday is currently holding consultations with various stakeholders and will liaise closely with other missions such as the African [...]

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Trade on the Zimbabwe Stock Exchange (ZSE) shrunk by 19 percent since December last year

by Alois Xaba on Aug 2, 2010

Trade on the Zimbabwe Stock Exchange (ZSE) shrunk by 19 percent since December last year, while market capitalisation dropped to US$3.19 billion in June from nearly $4 billion at the beginning of the year.
Monetary policy statistics released by the Reserve Bank of Zimbabwe (RBZ) last week show that foreign investors – whose money [...]

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Nigeria’s President assures foreign Investors of good returns

by Hussaini Umar on Jul 30, 2010

Nigeria’s President Goodluck Jonathan on Thursday in Abuja inaugurated the multi-channel project of the Nigerian Television Authority (NTA).
The NTA-Star Network and the NTA Multi-Channels project is a collaborative effort between NTA and a Chinese company, China’s Star Telecommunications Group.
Jonathan congratulated the China’s Star Telecommunications for its clear demonstration of faith in the Nigerian economy, [...]

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ICT centres in Nigeria to cost World Bank $2.4 million dollars

by Hussaini Umar on Jul 30, 2010

The World Bank is to establish six ICT centers in each of the six geo-political zones in Nigeria at the cost of N2.4 million dollars, Dr Abimbola Adubi, the Task Team Leader, has said.
Adubi, who disclosed this in an interview with the News Agency of Nigeria (NAN) yesterday in Abuja, said the centers would be [...]

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Nigeria/Egypt trade hit $116 million

by Hussaini Umar on Jul 30, 2010

Egyptian Ambassador to Nigeria Shareef Nageeb has said that the volume of trade between Nigeria and Egypt in 2009 was more than US $116 million.
He made the statement at Egypt’s National Day celebration in Abuja, adding that there are efforts to raise the volume to the level of its potential by promoting the Nigerian agro [...]

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Mutharika’s brother nominated for presidency

by Sanje Msiska on Jul 30, 2010

Malawi’s president Bingu wa Mutharika is set to hand leadership to his younger brother, Peter, after his Democratic Progressive Party (DPP) nominated him for the hot seat, another of arbitrary decision the party – which has never had a convention since its formation in 2005 – likes to make.
This confirms rumours that have been going [...]

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