Malawi News
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Malawi President Joyce Banda said economic growth will probably accelerate to 6.1 percent next year after she implemented “painful” economic reforms at the advice of the International Monetary Fund.
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Investors seeking higher yields are buying structured notes tied for the first time to the debt of emerging-market nations from the Bahamas to Lithuania and Honduras.
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Ghana’s cedi, West Africa’s worst performer against the dollar this year, may halt its decline in the second half of the year as the country gets more foreign currency to shore it up, central bank Governor Kofi Wampah said.
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Illovo Sugar Ltd., Africa’s largest sugar producer, rose to a record as investors anticipate a recovery in output after a drought.
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Zimbabwe must hold peaceful elections this year to ensure regional stability, Malawian President Joyce Banda said while on a trip to Zimbabwe.
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Malawi’s government criticized singer Madonna as uncouth for demanding VIP treatment on a recent visit, an accusation the pop star blamed on political interference from President Joyce Banda’s sister.
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People who grew up in Britain in the 1960s will remember a television program that built a cult following: “The Prisoner.” It was about an oddly luxurious detention camp -- a kind of Guantanamo Bay by Four Seasons, spa services and brainwashing included. Even if you wanted to, trying to escape was pointless. A big balloon would chase you and bring you back. The residents didn’t have names, just numbers. The show’s tagline was: “I am not a number. I am a free man.”
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Incotec Group BV, a Dutch seed- technology company, will use a facility it opened in South Africa last month as a base from which to expand its business on the continent, Sales Director Derek Jones said.
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Ghana’s central bank is giving primary dealers 10 weeks to increase purchases at debt auctions or risk losing their role in the market.
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Ghana’s cedi weakened to the lowest on record against the dollar as investors bought the U.S. currency to send proceeds from cashed-in bonds overseas.
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