AGP Executive Report
Last update: 2 hours agoPower Investment: ESCOM has invited bids for a 20MW battery storage system in Mzuzu and signed grid connection agreements for proposed 75MW Salima and 50MW Mzimba power projects. The developments could strengthen supply for businesses, though delivery depends on construction and commissioning. Fuel Supply: A nationwide crackdown targets fuel hoarding and illegal sales as shortages drive long queues and higher transport costs. Agribusiness: The EU plans €143 million for soya and coffee processing, while Hope Field Initiative’s K25 billion farmers’ club programme aims to expand in Ntcheu; its organisers have acknowledged concerns over fair beneficiary selection. Sugar Industry: Government has filed a $15 million counterclaim against AUM Sugar over alleged mismanagement and improper payments at Salima Sugar. Mining: Fortuna Metals reported further high-grade rutile at its Mchinji project, adding to exploration activity in the district.
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