Friday, June 9Malawi's top news source

World Bank Approves US$ 400 To Malawi

The board of the World Bank has approved over US$400 million (K326.2 billion) for the development of the country.

Minister of Finance Hon Sosten Alfred Gwengwe MP confirmed the development adding that some of the money, US$60 million (K49 billion) will be allocated to EGENCO to restore Kapichira Hydro Power Station.

Malawi lost 130 megawatts after it was shut completely following Tropical Storm Ana.

Hon Gwengwe said the bank has approved US$185 million (K150.8 billion) for Social Support for Resilient Livelihood Programme.

The bank has also committed US$30 million (K24.4 billion) for the Africa Centre of Excellence, as well as US$134 million (K109.2 billion) for the Shire Valley Transformation Project.

Current commitments from the World Bank have just exceeded over US$400 million for this financial year, conveying significant support and confidence in the development of Malawi.

Related News

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


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 *