January 8th, 2013

AfDB and Malawian Government launch HEST project

Posted on 08 Jan 2013 at 3:49pm

The government of Malawi and the African Development Bank (AfDB) have launched a UA 29.45 million investment project for Higher Education and Technology (HEST) in Ntchisi, Malawi.

“The Bank has provided an African Development Fund (ADF) loan of Unit of Account (UA) 9.05 million and a grant of UA 10 million plus an additional loan of UA 6.5 million for the Nigerian Trust Fund, while the Government of Malawi is to provide UA 2.95 million in counterpart funding,” said AfDB. The UA amounts roughly correspond with the US dollar value.

The objective of the HEST project is to increase access to technical,…

Permalink  |  Tagged with: , , , ,

China hands over 101 km road to Malawi

Posted on 08 Jan 2013 at 3:43pm

The Chinese government on Monday handed over the much-awaited 101 km road joining the two border districts of Chitipa and Karonga, which has been constructed with funds from China.

Handing over the tarmac road to the Malawian government, Chinese Ambassador to Malawi Pan Hejun described the event as another milestone underscoring the strength of bilateral ties since 2007.

Pan assured President Joyce Banda of the Chinese government’s support to Malawi, saying the two countries shall remain true friends forever.

“China will continue to help Malawi in the areas of infrastructure, agriculture, education and health,” said Pan. “The Chinese people and the Malawi people…