Millennium Challenge Corp to lead trade mission into Malawi

The Millennium Challenge Corporation (MCC) will be leading a trade mission to Malawi in June with investors willing to work in the energy sector to boost the country’s economic growth, according to MCC chief executive officer Dana Hyde.

Speaking at a meeting in Washinton D.C. with President Peter Mutharika, Hyde said they were impressed with the progress registered in the $350 million (about K58 billion) energy compact currently being implemented in the country.

Said Hyde: “The President provided us with progress on how the power interconnector is progressing and this far we are pleased with this partnership.

“Much work needs to be done to meet our own timelines and objectives over the next years but we will continue to work with government, the relevant ministries and stakeholders to achieve maximum results.”