NRWB Secures 47 million Euros (K90 billion) from European Investment Bank

Northern Region Water Board (NRWB) has secured about 47 million Euros (K90 billion) from European Investment Bank (EIB), to be used to expand and improve the water supply system in Mzuzu City and surrounding areas.

However, the loan facility awaits EIB board approval, expected in March this year.

NRWB Board Chairperson Frank Mwenifumbo said in an interview that the loan unlocks various funding opportunities for the board towards sanitation initiatives if the project is completed in time.

Mwenifumbo disclosed that the board hosted a delegation from Brussels in camera in Mzuzu, which expressed satisfaction on how the board is implementing its projects.

He said part of the money; 22 million Euros will be used to raise Lunyangwa Dam to improve its holding capacity from 21 million litres to 30 million litres per day.

The chairperson further said 18 million Euros will be used for production efficiency by among others promoting usage of clean energy to pump water.

Mwenefumbo then said the remaining money will be used for procurement of prepared metres, which will be used to connect new customers within Mzuzu City and surrounding areas.

Related Posts

David Bisnowaty Israeli-Born Malawi Parliament Member: Actions, Not Words, Will Change Africa for the Better

Malawi MP David Bisnowaty. How does the Israeli-born son of an eastern European Holocaust survivor end up as a parliament Read more

Mustag Chothia, Sulema Ismael Karim In Land scam

Land remains one area that Malawians know has been heavily abused, characterised by ownership wrangles, not to mention corruption, fueled Read more

The Concerned Citizens Furious With Chizuma’s Stubbornness

The concerned citizens group which is advocating for sanity in civil service have vowed to take drastic measures in responding Read more

Zuneth Sattar Speaks Out- I’m Not Shaken, It’s Just Mere Social Media Speculations

Public is being fed with social media lies propagated by some misguided individuals over personal vendetta. The move is just Read more

Leave a Reply

Your email address will not be published.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

FDH Launch Islamic Banking Window