[Malawi] Mkango Resources and Talaxis in deal to fund development of the Songwe Hill Rare Earth project
Mkango Resources Ltd has entered into an agreement with Talaxis Limited, a wholly owned subsidiary of Noble Group Limited to fund development of the Songwe Hill Rare Earths Project in Malawi and commercialisation of new magnet technologies.
The African Development Bank (AfDB) and other participating co-lenders has signed agreements for the financing of the Nacala Corridor project.
Aon Plc the global professional services firm providing a broad range of risk has confirmed it has completed the sale of its shareholding in its employee benefit, insurance and reinsurance brokerage operations in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia.
The World Bank has approved $166 million to transform Malawi’s agricultural productivity through irrigation, lay the foundations for commercialization, and improve management of natural resources in the Shire Valley.
The Malawi Enterprise Productivity Enhancement (MEPE) is set to open two cooking oil centers of excellence in Mchinji and Phalombe districts.
Five hundred COMESA Virtual Trade Facilitation System (CVTFS) kits have been supplied to the government of Malawi to support trade facilitation.
The World Bank Board of Executive Directors has approved an $80 million credit to the Malawi Government for general budget support. This is the first budget support financing approved by the World Bank for Malawi in four years.
Barclays has received a firm offer for one of the African operations it intends to sell.
A new $11.5m investment in Jacoma Estates has been announced by CDC, the UK's development finance institution, and AgDevCo, a social impact investor targeting sub-Saharan Africa.