1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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M A L AW I P ress Corporation Limited is looking for joint ve n t u res for the projects below : Mining M a nufacturing To u r i s m A g r i c u l t u re Food Pro c e s s i n g - Bauxite mining and alumina re f i n i n g - Coal mining, p rocessing and distribution - Bed linen and soft furnishings for export - D evelopment of hotels on the shores of Lake Malaw i ,lodges on the plateaus, and safari lodges in the game parks. - Cruising on Lake Malawi including all water sports - Cane growing and sugar re f i n i n g - L i vestock and cattle farming - H o rt i c u l t u re for the local marke t - C a s h ew nut pro d u c t i o n ,p rocessing and export - A c q u a l t u re and fish processing - Expanding present processing facilities - Establishing new food processing and packaging lines, e s p e c i a l ly for export P r i v a t i s a t i o n M a nu f a c t u r i n g L e o p a rd Matches Company. The government owns 30% shares in the company and wo u l d l i ke to dispose the entire holding to the private sector. P ro p e rty Deve l o p m e n t MPICO Holdings Limited The government dire c t ly owns 25% shares in the company. The government wants to divest its interest in the company. Financial Serv i c e s The New Building Society The government owns 51% shares in the company and wants to divest part or all of its share s . Catering Serv i c e s M a l awi Catering Serv i c e s The company provides catering services to air crafts at the L i l o n g we International A i r p o rt .The government wishes to evaluate the possibility of private sector participation in the c o m p a ny. S o u rc e :M a l awi Investment Promotion A g e n c y, M a rch <strong>1998</strong> 44
M A L AW I S TAT I S T I C S(USDm unless otherwise stated) 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 ) Population (millions) 9 . 4 9 . 7 1 0 . 0 1 0 . 3 1 0 . 7 1 1 . 1 GDP at current prices 1 , 8 5 8 . 0 2 , 0 7 0 . 0 6 7 0 . 0 1 , 4 6 6 . 0 2 , 2 5 9 . 0 2 , 3 9 7 . 0 G rowth in GDP at constant prices, % - 7 . 9 1 0 . 8 - 1 1 . 6 1 3 . 4 1 2 . 0 5 . 3 GDP per capita (USD) 1 8 3 . 0 2 2 7 . 0 6 7 . 0 1 4 2 . 0 2 1 1 . 0 2 1 6 . 0 Consumption as % of GDP 1 0 1 . 5 9 9 . 8 9 7 . 0 8 8 . 4 9 5 . 8 9 5 . 0 G ross domestic savings as % of GDP 1 . 7 - 3 . 3 3 . 0 1 1 . 6 4 . 6 . . Domestic investment as % of GDP 1 5 . 2 1 0 . 6 1 6 . 1 1 5 . 4 1 1 . 5 1 2 . 2 Inflation rate, % 2 3 . 3 2 2 . 8 3 4 . 6 8 3 . 3 3 7 . 6 9 . 1 M e rchandise exports as % of GDP 2 1 . 5 1 5 . 3 2 7 . 7 2 7 . 6 2 1 . 3 2 2 . 2 M e rchandise imports as % of GDP 2 2 . 3 1 6 . 4 2 7 . 3 1 9 . 4 1 6 . 5 1 5 . 7 C apital account of balance of pay m e n t s 9 4 . 0 1 8 3 . 0 1 3 0 . 0 1 7 1 . 0 2 4 4 . 0 1 2 5 . 0 O verall balance on balance of payments - 4 7 . 0 1 8 . 0 - 3 5 . 0 - 3 2 . 0 - 1 2 4 . 0 - 1 1 . 0 Average exchange rate: MWK to USD 3 . 60 4 . 41 8 . 85 15 . 30 15 . 33 16 . 40 Fo reign exchange re s e rves expressed in terms 1 . 3 1 . 6 3 . 5 3 . 7 5 . 7 4 . 3 of months of import cove r Total external debt as % of GDP 9 1 . 7 8 8 . 0 1 4 9 . 5 1 4 6 . 3 9 7 . 6 9 8 . 8 Total external debt service as % of export s 2 5 . 5 2 2 . 9 1 8 . 5 2 4 . 8 2 3 . 6 1 8 . 5 Budget deficit as % of GDP (fiscal year April - March) - 4 . 7 - 5 . 8 - 6 . 5 - 5 . 4 - 4 . 0 . . Central bank discount rate (end of ye a r ),% 20 . 0 25 . 0 40 . 0 50 . 0 27 . 0 23 . 0 Nominal prime lending rate % 22.0 29.5 31.0 47.0 27.5 22.0 ( average of month-end data) G rowth rate of M2 money supply, % 2 1 . 8 4 1 . 8 3 9 . 9 6 0 . 7 3 9 . 9 2 . 2 Domestic credit to government 1 6 3 . 0 2 1 1 . 0 8 8 . 0 7 0 . 0 7 2 . 0 7 2 . 0 Domestic credit to private sector 201 . 0 171 . 0 77 . 0 82 . 0 92 . 0 94 . 0 S o u rc e :R e s e rve Bank of Malaw i N o t e s :1) Pro j e c t i o n s Useful A dd resses I nvestment Promotion A ge n c y M a l awi Investment Promotion A g e n c y, Private Bag 302, L i l o n g we 3, C apital City,Te l :+265-780 800, F a x :+265-781 781 Consulting Firms Coda and Partners (Africa), P O Box 30290, L i l o n g we 3,Te l : + 2 6 5 - 7 8 1 0 2 5 ,F a x :+ 2 6 5 - 7 8 1 1 3 5 Coopers & Ly b r a n d ,P O Box 539, B l a n t y re,Te l :+265-622 899, F a x :+265-621 397 Deloitte & To u c h e, P O Box 187, B l a n t y re,Te l :+265-622 277, F a x :+265-621 229 Economic Resources Limited, P O Box 1064, B l a n t y re,Te l :+265-624 768, F a x :+265-636 496 Imani Deve l o p m e n t ,P O Box 2598, B l a n t y re,Te l :+265-621 817/373, F a x :+265-622 992 K P M G ,P O Box 508, B l a n t y re,Te l : +265-620 744, F a x :+265-620 575 Price Wa t e r h o u s e, P O Box 1147, B l a n t y re,Te l : +265-620 322, F a x :+265-621 215 45
Page 1 and 2: 1998 SOUTHERN AFRICA ECONOMIC SUMMI
Page 3 and 4: CONTENTS I N D E X Abbreviations 2
Page 5 and 6: THE SADC FINANCE AND INVESTMENT SEC
Page 7 and 8: c u rre n t ly exists in SADC gover
Page 9 and 10: REGIONAL MAC RO-ECONOMIC HIGHLIGHTS
Page 11 and 12: Southern Africa and Competitive n e
Page 13 and 14: had agreed to accept the general fr
Page 15 and 16: A NG OL A of GDP in 1996. E x p o r
Page 17 and 18: A NG OL A Projects for Possible Inv
Page 19 and 20: A recent event in the political sce
Page 21 and 22: B O T S WA N A B OT S WANA STOCK MA
Page 23 and 24: B O T S WA N A P rotection of Inve
Page 25 and 26: scheduled for 23 May 1998. Eight po
Page 27 and 28: L E S O T H O The money market is d
Page 29 and 30: L E S O T H O L E S OT H O :P ROJEC
Page 31 and 32: p a r l i a m e n t a ry elections,
Page 33 and 34: M a l awi Stock Exchange The stock
Page 35: M A L AW I I nvestment Code The Inv
Page 39 and 40: M au r i t i u s c o u n t ry is se
Page 41 and 42: M au r i t i u s Mauritian Investme
Page 43 and 44: M au r i t i u s Ta x a t i o n Tax
Page 45 and 46: c u rre n t ly holds 129 seats in P
Page 47 and 48: M O Z A M B IQ U E combined with a
Page 49 and 50: The current status of the project i
Page 51 and 52: M O Z A M B IQ U E dermersal fish f
Page 53 and 54: After talks between the South Afric
Page 55 and 56: N A M I B I A Namibia does not impo
Page 57 and 58: N A M I B I A I nvestment Code A c
Page 59 and 60: Johannesburg Stock Exchange. G E N
Page 61 and 62: S O U T H A F RI C A that some East
Page 63 and 64: S O U TH A F R I C A cities of Joha
Page 65 and 66: S O U TH A F R I C A INDUSTRIAL FIN
Page 67 and 68: S O U T H A F R I C A * M a c h i n
Page 69 and 70: p rocessing industries,t e x t i l
Page 71 and 72: S WA Z I L A N D Swaziland Stock Ma
Page 73 and 74: S WA Z I L A N D The Ministry of En
Page 75 and 76: Snow capped peaks of Kilimanjaro. G
Page 77 and 78: TA N Z A N I A exchange rate, the s
Page 79 and 80: TA N Z A N I A S TATISTICS (USDm, u
Page 81 and 82: Z A M B I A the supply of water for
Page 83 and 84: Z A M B I A Fo reign Tr a d e Zambi
Page 85 and 86: Z A M B I A Other institutions incl
Page 87 and 88:
Victoria Falls. G E N E R A L I N F
Page 89 and 90:
Z I M BA BW E Z i m b a b we Stock
Page 91 and 92:
Z I M BA BW E - No restrictions on
Page 93 and 94:
LIST OF SOURCES S o u rces containi
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1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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