Malawi

World Market Overview 04/18/2011

The Australian stock market fell, to record the first weekly decline after three of gains, as the prospect of further interest rate hikes in China saw investors err on the side of caution.

Mozambique's CDN to invest $200 mln in port upgrade

Mozambique's Nacala Development Corridor (CDN) plans to invest $200 million to upgrade its port at Nacala and raise capacity to 16 million tonnes of cargo in 2030 from 1.5 million tonnes, a CDN official said on Wednesday.

Malawi c.bank will cut rates this year: governor

Malawi's central bank will be able to cut interest rates this year from their current 13 percent because of the southern African nation's steadily easing inflation, Reserve Bank Governor Perks Ligoya said on Thursday.

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