- WORLD BANK KICK-OFF INSPECTION OF USMID PROGRAM IN UGANDA
- ALGERIA MINISTER RECIEVED HARBOR ENERGY CEO OVER ENERGY PARTNERSHIP
- CAN INNOVATION OUTRUN DROUGTH IN MOROCCO ONGOING WATER MANAGEMENT CRISIS
- SCZONE SIGNED DEAL WITH CHINESE INVESTORS FOR IRON PRODUCTS PROJECTS IN EGYPT
- WESTPROP HOLDING LIMITED SET TO EMBARKED ON PIPELINE PROJECT IN ZIMBABWE
MALAWI’s PARLIAMENT PASSES LOAN BILL FOR ELECTRICITY EXPANSION
Parliament pass loan bill for electricity expansion in Malawi.
Malawi parliament has passed a loan bill that will enable them borrow fund for the nation electricity expansion. The bill for the loan which is worth US$150m will aim to increase access to electricity in Malawi.
According to Minister of Finance Joseph Mwanamvekha the project has three component; like grid electrification, off grid market development fund and technical support.
During the meeting, the loan bill was passed unanimously. While, the house also authorize the government to borrow €80m and €15.5m from the European Investment Bank.
However, this fund will be use to rehabilitate the Kamuzu International Airport, Mzimba turn off road and Kacheche-Chiweta road.
Click on the floating icon on the right to subscribe. More so, please share, Follow us on Twitter and don’t forget to also like us on Facebook. Read more on Malawi