Friday, March 31Malawi's top news source
Shadow

MW, OPEC FUND SIGN FINANCIAL AGREEMENTS



Malawi Government and Opec Fund have signed agreements for Dowa Town Water and Sanitation Project and a feasibility study for a new Mzuzu Airport.
Speaking during the signing ceremony, the Minister of Finance, Sosten Gwengwe, thanked Opec Fund for supporting the government in infrastructure development.


OPEC Fund Director-General, Alkhalifa Salem, said the agreement will aid Malawi to provide potable water and boost tourism in the northern region. Salem called on implementing agencies to stick to designs during the implementation stages of the two projects.
In her remarks, Minister of Water and Sanitation, Abida Mia, was quick to state the importance of the Dowa Town Water and Sanitation Project.

She added that government will continue to source funding to increase access to potable water in other districts.
Opec Fund has committed K14 billion as a soft loan for Dowa Town Water and Sanitation Project and about K600 million grant for the Mzuzu Airport feasibility study.
Reported by Thomas Psyata, MBC Online Services.

Related News
EU RESPONDS TO IMMEDIATE NEEDS IN AREAS AFFECTED BY CYCLONES IN MALAWI

In order to respond to the immediate needs in areas that experienced heavy rainfall and strong winds that resulted in Read more

World Consumers Rights Day: CAMA for tangible digital financial platform

. The country is to join the rest of the world in celebrating World Consumer Rights day which falls on Read more

Truck drivers’ strike resumes March 21

```RESOLUTE—Ayuba James (centre) and PDU members Professional Drivers Union (PDU) has announced the resumption of a nationwide strike from March Read more

Chakwera delegate Muluzi to represent Malawi at the burial of Rupiah Banda

Former President Bakili Muluzi has described as an honor a decision by President Lazarus Chakwera to delegate him to represent Read more

Matola To Name And Shame DPP Gurus Siphoned Fuel At Escom

Minister of Energy Ibrahim Matola insists he will name and shame DPP gurus who were siphoning fuel at ESCOM. According Read more

Govt Is Slow On Israel Embassy

Despite stating its intention to open a diplomatic mission in Israel, government has not appointed diplomats for the mission. The Read more

Cooking Oil Companies To Reduce Prices

Players in the cooking oil industry have expressed commitment to reduce prices of the commodity effective 1st April this year. Read more

Malawi Legislators Slums Judiciary For Interference.

Members of Parliament (MPs) have raised concerned over judicial interference on the house’s decisions and deliberations. Government Chief whip of Read more

Abida Mia says flood victims need more support

Written by MFN Reporter Continued support for flood victims will greatly assist those affected during their time of need towards Read more

MINISTER MEETS SRWB OVER THE MANGOCHI WATER EXTENSION PROJECT INJUNCTION

The Minister of Water and Sanitation, Abida Sidik Mia, held a meeting with the SRWB on the 18th of March, Read more

News To Read

Leave a Reply

Your email address will not be published. Required fields are marked *