Category: Business

* Through urgent operational improvements and sustained infrastructure investment * We acknowledge the significant impact current power outages are having on households, businesses and the national economy * We recognise that the current situation is critical and we are addressing these challenges with the urgency that they deserve By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) acknowledges that the significant and frequent power outages being faced across the country, are having an impact on households, businesses and the…

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* Lauds the Bank’s plans to expand investments into critical sectors of rail infrastructure, road maintenance and mining * Pins his faith on the bank as the right partner regarding rail development plans, which played a key role in the rehabilitation of the Nacala railway corridor * Including the 77km dreaded stretch that had been damaged during the Mozambican civil war, whose rehabilitation has spurred efficiencies in transportation of coal and other goods between Moatize in Tete, Malawi and…

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* During the engagement with President Mutharika at Sanjika Palace yesterday * For an honest conversation about the opportunities as well as challenges ahead on the road to a more prosperous self-reliant and inclusive Malawi * Today, we are here to reaffirm a simple but powerful message; Malawi is our home, we believe in her potential. And we stand ready to drive her growth — together with Government By Duncan Mlanjira Standard Bank, at its engagement with President Arthur…

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* The projects include Mpatamanga Hydropower in Neno, solar power in Salima and the coal-fired power plant at Kam’mwamba in Balaka * The country’s current electricity access rate, estimated at 12%, remains among the lowest globally and continues to affect economic growth By Brenda Nkosi, MANA Government is implementing three major energy projects to increase electricity generation to over 700 megawatts (MW) in order to meet the target of producing over 1,000MW by 2030 in order to improve power…

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* Despite being endowed with significant mineral resources, the country has yet to translate this potential into sustained export growth and foreign exchange earnings * The core challenge lies not in resource availability, but in limited value addition and weak integration into global value chains By Chifipa Mhango, Chief Economist-Don Consultancy Group Malawi’s persistent negative trade balance reflects a structural imbalance between high import dependence and a narrow export base. Despite being endowed with significant mineral resources, including uranium,…

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