The African Development Bank (AFDB) has appointed a Malawian economist Kennedy Mbekeani as Deputy Director General for the bank’s Southern Africa region. Mbekeani is among five deputy directors general AFDB has appointed for its east, central, northern, southern and west Africa regions. The deputy directors general have been appointed along with three directors for east, […]
The African Development Bank (ADB) has, through one of its initiatives in the tourism sector in the country, changed the face of Kasungu National Park by renovating its old structures with the aim of boosting the tourism industry in the country. Among other things, the development focused bank has renovated the area’s offices, billboards, fences, […]
African Export-Import Bank (Afreximbank) president Benedict Oramah is scheduled to visit Malawi next Wednesday to sign a memorandum of understanding (MoU) with the Malawi Government on the implementation of projects in the next five years. Ministry of Industry, Trade and Tourism deputy director Silas Sindi said this on Wednesday during an executive meeting at Blantyre […]
In a bid to outshine opponent political parties for colourful campaign initiative, Malawi Congress Party (MCP) had ended up shooting itself in the leg. It has committed a sin of plagiarism. It has emerged that the Hi5 initiative the party has been parading as if it were their own brainchild, is in fact an African Development […]
The Polytechnic, a constituent college of the University of Malawi, will soon have additional teaching infrastructure which has been funded by African Development Bank to the tune of K2.2 billion. The building, which comprises laboratories, classrooms and workshops, is within the polytechnic main campus and once completed, will accommodate 480 occupants. Higher Education Science and […]
Construction of a four storey building to replace the old annex wing of Polytechnic, a constituent college of the University of Malawi, is progressing well with 28 per cent of concrete works completed. Higher Education Science and Technology Project Coordinator, Dr Ignasio Ngoma said currently concrete work which comprised the framework structure has been completed. […]
Lawyers advising ICTC Malawi have written the Africa Development Bank (AfDB) demanding answers as to how their winning bid submitted to the Ministry of Education, Science and Technology (MoEST) for the supply of various secondary notebooks ended up in possession of their competitor joint venture of Mallory International and Maneno Enterprises. The US$10 million tender […]
The African Development Bank and Malawi government signed a grant agreement for a humanitarian emergency assistance to mitigate the effects of the 2015 floods and El Niño in 2016. The signing ceremony was hosted by Kapil Kapoor, AfDB Acting Vice-President, Sector Operations, during the institution’s Annual Meetings held in Lusaka, Zambia. Malawi experienced severe floods […]
Malawi and the African Development Bank (AfDB) on Tuesday officially signed a financial agreement of $29million as a sector budget support for the protection of basic social services. Minister of Finance Goodall Gondwe said the funds are part of the pledge the bank made to provide such support to Malawi. “The funds provided will go […]
Malawi government has received a boost for its 2015/16 financial plan after the African Development Bank (AfDB) board of directors has approved a sector budget support grant worth $30 million (about K13.5 billion) to support basic social services of health and education. AfDB is among Malawi’s major development partners who suspended budget aid to Malawi […]
Malawi government has announced that it has received financial assistant from the African Development Bank to help the country towards its Local Economic Development project. In a statement, government authorities say they will use part of the money in rolling out telecommunication projects in most of the under-served rural areas. It is therefore seeking the […]
he Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved a grant amounting to about US$ 4.6 million, to finance the Public Finance Management (PFM) Institutional Support Project in Malawi. According to a statement seen by Nyasa Times the grant will support the Government of […]
The head of the African Development Bank said on Sunday he is willing to provide $45 million in budget financing for Malawi to help new President Joyce Banda revive the struggling economy. Speaking after meetings of the International Monetary Fund and World Bank in Washington, African Development Bank President Donald Kaberuka told Reuters he was determined to […]
The African Development Bank (AfDB) says it has approved a grant amounting to $3 million to Malawi from the Global Environmental Facility (GEF) for the implementation of the Climate Adaptation for Rural Livelihoods and Agriculture (CARLA). The bank says the project goal is to improve the resilience to climate variability and future climate change effects. […]