Posts Tagged ‘adf’

AfDB and Malawi Government Launch the UA 29.45 Million Higher Education, Science and Technology Project

Posted on 15 Jan 2013 at 6:32pm

The Bank has provided an ADF loan of UA 9.05 million and a grant of UA 10 million plus an additional loan of UA 6.5 million from the Nigerian Trust Fund, while the Government of Malawi is to provide UA 2.95…

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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,…

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