Mozambique and Malawi signed on Friday an agreement to expand and modernize the Nacala Development Corridor. The project includes a railway that crosses the two countries and will stimulate the operations of the economic activities, […]
Category: Malawi
East and Southern Africa set up trade database
Plans to set up a transparent and easily accessible database with information on trade and markets in countries of East and Southern Africa could boost the free flow of goods and services in fields such […]
Coca-Cola Africa reorganises operations
Coca-Cola Africa has announced a reorganisation of its African operations in the 18 Southern and East Africa countries where it operates, effective August 1. In the new set-up revealed on Friday, Swaziland and Lesotho will […]
Malawis FMB to buy micro lender Opportunity Bank
Malawi’s First Merchant Bank will buy the local assets of micro lender Opportunity International Bank of Malawi (OIBM), subject to regulatory approvals, the two banks said on Wednesday. This will be the second major acquisition […]
Mozambique, Malawi reactivate US$120 million power line project
The governments of Mozambique and its neighboring Malawi agreed on Tuesday in Maputo to reactivate the construction of a 120 mln U.S. dollar electric power line to supply Malawi with energy, said Mateus Magala, chairman […]
Politicians furious about sale of Barclays Bank Zimbabwe to Malawi
After years of bank collapses in Zimbabwe, the rare good news that a bank has been sold rather than closed should have brought some cheer. But London-based Barclays’s sale of Barclays Bank Zimbabwe to Malawi’s […]
