Month: January 2023 Posts

African Development Bank to commit $10 billion to make Africa breadbasket of the world

Jan 30, 2023 Russell Kondowe 0 &

The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for countries on the continent, including Malawi, and… ...

AfDB approves K9.5 billion in grants to Malawi

Jun 10, 2022 Malawi24 Reporter 0 &

The Board of Directors of the African Development Bank (AfDB) has approved two grants amounting to $9.25 million (K9.5 billion) for implementation of the Africa Disaster Risk Financing Programme (ADRiFi) in Malawi which will boost… ...

African Development Bank Group approves $36 million grant for power scheme in Mozambique

Nov 27, 2021 Malawi24 Reporter 0 &

The African Development Bank Group has approved a grant of $36 million to support a power scheme in Mozambique that also covers displaced persons and refugees. The Mozambique Energy for All Project will increase the… ...

African Development Bank approves $150 million to support agriculture value-chain development in Africa

Nov 16, 2021 Malawi24 Reporter 0 &

African Development Bank Group has approved a $150 million (about K122 billion) facility to ETC Group Limited to address the company’s working capital requirements and support its food production expansion plans across 10 countries in… ...

Malawi gets K9.6 billion for fisheries project

Oct 10, 2019 Archangel Nzangaya 0 &

The African Development Bank Group (AfDB) has approved $13.2 million (about K9.6 billion) funds for a fisheries and aquaculture development project which will directly benefit 20,000 Malawians around the lakeshore and inland areas. This is… ...

Nacala corridor ideal for Malawi

Sep 06, 2017 Luke Bisani 0 &

In November 2016, the first train and coaches to travel the 912km stretch between the coal fields of Tete Province in Mozambique and the new port of Nacala set off. The railway, traversing Malawi, is… ...

AfDB boss laid to rest

Jul 06, 2017 Bright Malenga 19 &

The remains of African Development Bank (AfDB) Director for Southern Africa Dr Tonia Kandiero have been laid to rest in Nkhotakota district. Late Kandiero passed away after collapsing in her office in Pretoria, South Africa.… ...

AfDB approves $20m for Meridian’s soft commodity value chain operations in Malawi, others

Jan 30, 2017 Malawi24 Reporter 1 &

The African Development Bank (AfDB) has approved US $20 million to finance Meridian’s soft commodity value chain operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment… ...

AfDB gives Malawi K12bn to fight hunger

Dec 06, 2016 Luke Bisani 87 &

The African Development Bank (AfDB) has given Malawi K12 billion Kwacha to help avert the hunger situation in the country. The donation comes at a time when nearly half of the population is food insecure… ...

Malawi clinches 700m grant

Jun 02, 2016 Macmillan Mhone 29 &

The Malawi government will receive a K700 million grant for humanitarian assistance from the African Development Bank (AfDB). The bank and the government of Malawi have signed an agreement for the grant in Lusaka, Zambia.… ...