Posts Tagged ‘afdb’

17 January 2013, President Joyce Banda accompanied by the Kenya president Mwayi Kibaki address at the 13 km road construction of the Lilongwe City bypass. The road construction project is part of the multinational Nacala road corridor phase 1, and starts from the junction with Lilongwe – Mchinji Road at area 46.

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…

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,…