Category: News

* Fraudsters have generated receipts and waybills using artificial intelligence (AI) duping customers to make advance payment for their goods through MPC Courier service By Duncan Mlanjira Malawi Posts Corporation (MPC) has alerted the public that some fraudsters have generated receipts and waybills using artificial intelligence (AI) duping customers to make advance payment for their goods through MPC Courier service. In a statement, MPC indicates that they have had one or two cases of the fraudsters using the receipts…

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* As well as limit on physical possession of forex at any given time without the permission of the Reserve Bank of Malawi (RBM) By Duncan Mlanjira The Government, through the Reserve Bank of Malawi (RBM) Governor, George Partridge, has gazetted some amendments to the Foreign Exchange Act that limits exportation of foreign currency. In a notice published on September 7, the Act bars any person from taking or sending out of Malawi an amount exceeding a total sum…

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Mining Minister Thoko Tembo delivering his keynote address at the launch on Tuesday  * Sets out priorities for responsible mining sector growth, environmental and social governance, skills development, infrastructure and effective management of mineral revenues * Successful implementation would require coordinated action and sustained financing across government and other stakeholders By Jeremiah Mphande, Malawi News Agency (MANA) Malawi has launched an Energy Transition Minerals Roadmap aimed at turning the country’s growing mineral potential into investment, jobs, industrial development and…

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* Estimated to generate additional annual revenue of approximately US$104 million at steady-state production — based on forecast market prices and the expected composition of the concentrate * An incremental pre-tax net present value of US$722 million and a pre-tax internal rate of return of 151% for the proposed rare earth circuit * However, the figures are early stage estimates rather than forecasts of actual revenue or profit and depend heavily on future rare earth prices By Duncan Mlanjira…

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