Friday 15 December 2017
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(Nyasa Times 08/31/17)
The governing Democratic Progressive Party (DPP) has accused leader of opposition Lazarous Chakwera for writing the foreign missions on alleged threats to life of Malawi Congress Party (MCP) candidate for Nsanje Lalanje Constituency parliamentary by-elections slated for October 17, Lawrence Sitolo. Chakwera wrote a letter copied to US embassy, Germany, European Union, British High Commission and the United Nations to report that Sitolo is living dangerously as DPP gurus are baying for his blood. But DPP responded at a news conference which they addressed at Central Office of Information in Lilongwe, saying Chakwera should have reported the matter to “right institutions” such as Malawi Electoral Commission and Police and not donors. “If MCP has evidence that their candidate is receiving...
(Nyasa Times 08/31/17)
Malawi and South Africa on Thursday signed an agreement of cooperation in the field of tourism as one way of enhance mutual cooperation between the two countries in the sector. The signing agreement took place at Bingu International convection centre BICC in Lilongwe on the side lines of the Malawi “ Takulandirani” 2017 Malawi International Tourism Expo 2017. Minister of Trade, Industry and Tourism, Henry Mussa said government of Malawi appreciates the support it gets from southern government for the tourism sector. He said South Africa has assisted in the capacity building of grading assessors, restocking of wildlife species in protected area and training of wildlife personnel at South Africa Wildlife College. Mussa said having the agreement signed has been...
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(Malawi 24 08/25/17)
Leader of Opposition Lazarus Chakwera has claimed that Malawi’s politics is riddled with educated fools who are entrusted with leadership positions. Chakwera who is also Malawi Congress Party (MCP) president made the remarks at a two-day convention Transformational Alliance in Blantyre on Friday. The MCP leader told delegates to the convention that if Malawi is to have transformational leaders, the country should stop measuring leadership by education and electing leaders according to tribe, age or region. “We have a lot of educated fools in the country’s political leadership. What we need is to know who we are, where we are and where we want to be. Not mediocrity and politics of appeasement,” he said. Speaking at the same conference, economist...
(Malawi 24 08/25/17)
Musician Rihanna is not yet done with Malawi. This time her attention has moved to girls. The iconic singer has now partnered with bike-sharing company Ofo to provide better access to education for girls across Malawi, international media reports say. According to reports, the exercise has already commenced in Malawi. According to time.com, the Barbados born artist has penned a five year deal with her Clara Lionel Foundation and Ofo, a prominent bike-sharing platform based in China. The partnership called “1 KM Action” will donate bikes to scholarship recipients. “They’re expected to help alleviate the challenges of attending school in Malawi, where the drop-out rates are exceedingly high; only 8 percent of students complete secondary school, with girls especially finding...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...
(Nyasa Times 08/23/17)
Civil servants, mainly those serving in the Malawi Police Service, National Assembly and the Ministry of Natural Resources, Energy and Mining, will not have their August salaries on time, Nyasa Times has learnt. Secretary to the Treasury, Ben Botolo, said there will be a “slight delay” in payment of their August salaries. Botolo said the “slightly delay” is due to late submission of Government Paper No 5A (GP5A) to the Office of the Accountant General to commence the processing salaries. According to him, Ministries, Departments and Agencies are supposed to submit the GP5A documentation by 5th of each month for funding of salaries by Treasury and to submit Payment Vouchers to the Accountant General by 16th of each month. “The...
(Malawi 24 08/23/17)
The Malawi Electoral Commission (MEC) will this week start registration of voters and inspection of the voters roll ahead of the October by-elections. According to a MEC press statement signed by Harris Potani for the commission’s chief elections officer, the registration exercise will run from August 24 to 28, 2017 in all the by-election centres. “The Malawi Electoral Commission is informing the general public that registration of voters and inspection of the voters roll for those who already registered, will run from August 24 to 28, 2017,” reads part of the statement. It further says registration centres will open from 8am up to 4pm everyday including weekends and will also remain operational during lunch time. The commission has further claimed...
(Malawi 24 08/23/17)
Military officers from Africa, Europe, and the United States are meeting in Lilongwe to discuss cyber security under the Africa Endeavour Military Symposium. Speaking with the press after the official opening of the meeting, Malawi Defence Force (MDF) General Griffin Supuni Phiri said such meetings are important since they give a platform to the country to learn several things. Phiri said such meetings help Malawi Defence Force soldiers to maintain professionalism when carrying out their duties and to learn skills that help them in their work. Speaking at the same function, United States Ambassador in the country Virginia Palmer said it is only through working together as partners that countries can successfully counter increasingly sophisticated cyber security threats. “These partnerships...
(Nyasa Times 08/23/17)
U.S. Ambassador to Malawi Virginia Palmer has announced that Malawi’s country-specific allocation of the tariff-rate quota for raw cane sugar imports to the United States has increased by 45% in fiscal year 2017. “Malawi exported $10.7 million worth of sugar to the United States in 2016, an increase of 25% from 2015. This quota increase for fiscal year 2017 could mean an additional $4 million worth of Malawian sugar exports to the United States. The United States remains committed to increasing trade between the United States and Malawi,” said Ambassador Palmer. The Office of the United States Trade Representative recently announced country-specific reallocations and additional volume allocations of the fiscal year 2017 World Trade Organization tariff-rate quota (TRQ) for imported...
(Malawi 24 08/23/17)
Malawi government through the ministry of finance, economic planning and development has disclosed that civil servants are to receive their August salaries late. Through a statement signed by secretary to the treasury Ben Botolo, government says the delay is due to late submission of Government Paper Number 5A (GP5A) by some ministries, departments and agencies. According to the statement, ministries, departments and agencies are mandated to submit GP5A to Office of the Accountant General on 5th day of the month for processing of perks. “The ministry of finance, economic planning and development has however noted with regrets that this timetable has not been followed by some ministries, departments and agencies,” reads the statement made available to Malawi24. Among civil servants...
(Xinhuanet 08/23/17)
China is dedicated to enhancing its cooperation with Africa in human resource development through knowledge and technology transfer, a Chinese diplomat said Tuesday. Liu Tao, Charge d'Affaires of the Chinese Embassy in Ethiopia, made the remarks at the Chinese Government Training Program Fellowship Reception in Ethiopia's capital Addis Ababa. He said China, since the year 2000, has sent over 2,000 agricultural experts and over 7,000 medical personnel to Africa, and has trained more than 80,000 Africans from more than 50 countries. China has pledged that it would, in three years, train 200,000 technicians and provide 40,000 training opportunities in China, and will offer 30,000 government scholarships, he said. Stating that 1,100 Ethiopian candidates are invited this year to attend short-term...
(Xinhuanet 08/22/17)
African officials on Monday called for urgent infrastructural development and regional integration to boost the continent's economy. At the Infrastructure Africa 2017 in Johannesburg, Zambian Minister of Finance Felix Mutati encouraged Africans to speedily address infrastructural deficit. "We have to inject some sense of urgency in ourselves. If we remain captured by business as usual, we are headed for disaster," said Mutati at the opening ceremony of the two-day event. "Competitiveness in Africa is being constrained by infrastructure deficit. We need about 93 billion U.S. dollars every year to address the infrastructure gap in the continent. We need to urgently implement projects," he said. Mutati said Africa has to narrow focus to innovative financing and design, better use of existing...
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth. “We reduce the total cost of power by 30 percent,” said Charlotte Aubin-Kalaidjian, the founder and chief executive officer of GreenWish, who was formerly a managing director at Morgan Stanley Investment Management. “Smaller towers can run...
(Reuters (Eng) 08/16/17)
Elias Kanyangale is ecstatic about his maize harvest. Balancing on a homemade ladder, the farmer retrieves cobs from a full granary, the bounty of this year's good rains, which broke three years of drought in Malawi. Kanyangale, 44, from Kalumbu village, part of the capital city Lilongwe, says his 5-ton harvest of maize is double the previous year's crop, and he has some soya beans too. But he is still worried about his income. “I am not sure I will get good prices for my crop. I planted more maize for home consumption and more soya beans for sale because the rains were good after the drought of last year, but if I do not get good prices, I will...
(Xinhuanet 08/14/17)
A delegation from the Malawi education ministry is in Namibia to consult about best education practices. The objective of the visit is to learn best practices from Namibia that would be instrumental in the crafting of Malawi's harmonized teacher management strategy geared towards improved education provision and service delivery at schools, said Ellen Simango, head of delegation and Deputy Director of Basic Education at the Malawian Ministry of Education, Science and Technology. According to Simango, Malawi faces various challenges and is grappling with education provision, particularly teacher management and recruitment, given that Malawi has no coordinated and harmonized teacher management policies in place. Enrolment in primary phase in Malawi increased to 4.9 million and 3.8 million respectively after the implementation...

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