Alleged “scammers” give K7 trillion investment package to Malawi

November 29, 2022 Naomi Mkwanda 8 Comments
Malawi President Lazarus Chakwera is alleged to have been “scammed” on Monday in signing a US$ 6.8 billion-dollar worth of grant with Belgium-based Bridgin Foundation.
Government officials acting like “jackals” have failed to carry out simple due diligence processes in recent months conniving with politicians to scam Malawians in all sorts of contracts from fertilizer, petroleum and foodstuff.
The Bridgin Foundation grant size has already sent tongues wagging among the general public as it is equivalent to half the size of the entire Malawi economy (as measured by nominal Gross Domestic Product) which is now valued at around 12 billion dollars.
According to available information, the grant will among others finance construction of Inkosi ya Makosi M’mbelwa University with high-tech Livestock Industrial Centre in Mzimba, Kamuzu University Teaching Hospital in Blantyre with satellites in Mangochi, Lilongwe and Mzuzu, High-tech Bio Science and Fertilizer Manufacturing Industrial Park at Lilongwe University of Agriculture and Natural Resources (Luanar).
Other projects are Mzuzu University Teaching and Learning and Research Facilities for geo-mining and the establishment of a business park, Malawi University of Science and Technology High-tech and Engineering hub, Capital Hill Twin Towers to provide office space for ministries, departments and agencies, Development of Power generation facilities with total installed capacity of 1000 megawatts.
There will also be an investment towards upgrading and rehabilitation of the electricity transmission infrastructure across the country.
The implementation of the colossal grant, which has been described as a game changer and first of its kind, will take a period of three years.
In his remarks President Chakwera described the signing ceremony with Bridgin Foundation as “an early Christmas present” for every Malawi. He also branded the grant further as “momentous and a game changer.”
Speaking just before officially signing the historical grant, the President also recalls that since time immemorial, Malawi has never signed a development program of 6.8 billion dollars (an equivalent of K7 trillion) magnitude.
The President also describes the signing ceremony as “not only the act kindness and generosity but also an act of trust.”
With the signing of the grant, which will be implemented for a period of three to four years, President Chakwera says he is now vindicated on his dream of making Malawi a better place, as resources as now available for all flagship projects which he promised Malawians during campaign period.
“It is a day of celebration for every Malawian who is active in the economy,” he proclaims.
Meanwhile, the President has warned against all selfish and individual interests in the implementation of the grant, stressing that “time for side deals is over.”
The Regional Universities Forum for Capacity Building in Agriculture (RUFORUM) Executive Secretary Prof. Adibala Ekwemu described the imminent signing of a US$6.8 billion governance agreement with Bridgin Foundation as a victory not only for Malawi but also Africa as a whole.
According to Ekwemu, the signing of the agreement is a product of two years of collaborative efforts and intense negotiations by a wide spectrum of stakeholders.
In his remarks Minister of Finance Sosten Gwengwe said the investments are aimed at unlocking bottlenecks in our investments.
Gwengwe said the financing is a game changer in financing different projects that have been stagnating.
Bridging Foundation President Tanko Mauhamadou commended President Dr Lazarus Chakwera for the vision to develop this country. He said the Foundation is not in Malawi to support the country alone but the financing is also there to boost the western economy.

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8 replies on “Alleged “scammers” give K7 trillion investment package to Malawi”

  1. Title suggests that it’s a scam but the details of the article avoid mentioning the reasons as to why it’s a scam. What kind of journalism is in Malawi these days? Don’t fall for mediocrity. Don’t stoop too low.

  2. All your wishes will be defeated. Who has scammed who? You are enemies of Development. Ku opposition nkopwetekadi

  4. Oooh ine I thought if you say scammers you means chakwera has conducted this type of colluption.
    But what I experience here is that the government has come to an agreement of the
    1. Company that will be doing a work of fetereza. Instead of Malawians
    2. Petroleum
    3. Food staff
    4. Number wa Universty
    5. Other building etc
    Which mean the fertilizer venders will die one by on because kudulitsa fetereza kkkkkkk

  5. So where do you get the heading “Alleged Scamers give Malawi 7trillion? Will that type of reporting impress the giver? God help Malawians

  6. So what have you titled the heading of your story? Sometimes I feel pity in african politics of which they put stupidity in front and show to every Conner on earth that they don’t deserve good things. You were the ones shouting at president reaching the point of conspiring to overthrow the government due to economy crisis, now things are coming in place, you are again rushing to write the rubbish??? What do you really want for the people of malawi you savages in opposition benches???

  7. My question is , who scammed who ? Is it the Belgium company scammed Chakwera or it’s the president himself scammed Malawian people?

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