President Peter Mutharika has stressed the important role good road networks play in sustainable economic development saying poor roads inhibit business growth. Mutharika made the remarks Friday morning at Kachere Township in Blantyre during the official opening of the 60 kilometre John Chilembwe Highway, formerly Blantyre-Zomba road. He observed that countries with bad road networks […]
Malawi Government will in the first quarter of 2014 start reconstructing the Mzuzu-Nkhata Bay Road after successfully sourcing funds to implement the project. Minister of Transport and Public Works Sidik Mia disclosed this in Parliament during question time when he was responding to member of Parliament for Nkhata Bay North West David Yohane Kaweche on […]
The African Development Bank (ADB) on Thursday predicted a stable economy by end of the year following improved macroeconomic performance the country has registered so far. ADB Country Rep, Andrew Mwaba, made the observation on Wednesday in Lilongwe where the Bank signed a MK2.1 billion Grant for additional 2012/2013 budget support and another MK1.06 billion […]
The African Development Bank (AfDB) Group has approved a grant amounting to US $3.04 million to finance the Kholombidzo Hydroelectric Power Plant (HPP) Feasibility Studies in Malawi. The Government of Malawi will contribute US $0.23 million (7%) of the total study cost of US $3.27 million. The grant aims to produce a full bankable feasibility […]
Malawi is not among a list of the African Development Bank’s Regional Member Countries (RMCs) that will benefit from a US$ 63.24 million fund package for the implementation of a 5-year “Support to Agricultural Research for Development of Strategic Crops in Africa” (SARD-SC). The Bank’s low-income RMCs include Benin Republic, Cote d’Ivoire, DR Congo, Eritrea, Ethiopia, […]