Month: October 2020 Posts

World Bank debars Techno Brain: Malawi told to cancel all deals

Oct 14, 2020 Malawi24 Reporter 0 &

World Bank has banned Techno Brain for collusive and fraudulent practices the company used to influence the awarding of a contract in its favor. Kenya-based Techno Brain (Kenya) Limited (“Techno Brain Kenya”), an IT-services company,… ...

World Bank chief agrees with Chakwera on debt relief

Oct 05, 2020 Russell Kondowe 0 &

World Bank President David Malpass has agreed with Malawi President, Lazarus Chakwera, on the need for debt cancellation for developing countries due to the coronavirus pandemic. Malpass said up to 100 million people could be… ...

COVID-19: World Bank approves K27 billion for Malawi

Apr 16, 2020 Mwayi Mkandawire 0 &

The World Bank on Wednesday approved US$37 million (about K27.2 billion) funding to support Malawi’s response to the COVID-19 pandemic and smooth out the macro-economic shocks that the disease is expected to impose on the… ...

World Bank, IMF calls for debt relief for poorest countries

Mar 27, 2020 Mwayi Mkandawire 0 &

The World Bank and the International Monetary Fund (IMF) has asked bilateral creditors to offer debt relief for countries such as Malawi due to the coronavirus pandemic. In a joint statement on Thursday, the World… ...

World Bank tells Malawi to address urgent needs

Oct 10, 2019 Martha Chikoti 0 &

The World Bank has told Malawi to prioritise urgent needs when allocating resources as one way of reducing poverty. The Bank’s country manager for Malawi Greg Toulmin made the remarks at the fourth Developmental Cooperation… ...

World Bank gives Malawi, Mozambique K42 billion

Sep 20, 2019 Malawi24 Reporter 0 &

The World Bank has given Malawi and Mozambique U$57 million (about K42 billion) for the Mozambique-Malawi Regional Interconnector Project which will improve access to reliable electricity for Malawians. Out of the total amount, Malawi will… ...

Mutharika pleads for budgetary support

Sep 05, 2019 Malawi24 Reporter 0 &

President Peter Mutharika has asked donors for direct budgetary support saying the world has no excuse for not giving Malawi the support. Speaking when he met World Bank Country Representative Bella Bird at Sanjika Palace… ...

Protesters are slowing down Malawi economy, Mutharika tells World Bank

Sep 05, 2019 Mwayi Mkandawire 0 &

President Peter Mutharika has told the World Bank that protesters in Malawi are frustrating businesses and slowing down the economy. Mutharika made the remarks when he met Bella Bird, World Bank Country Representative at Sanjika… ...

World Bank suspends K14 billion project over sex

Aug 11, 2019 Mwayi Mkandawire 0 &

The World Bank has suspended a K14 billion road project in Malawi's Lower Shire over sex. Construction of the 60-kilometre Thabwa-Chitseko-Seven Road in Chikwawa District has been suspended after female workers complained that they were… ...

World Bank gives Mutharika a K68bn vote of confidence

Aug 05, 2019 Malawi24 Reporter 2 &

The World Bank has given the Peter Mutharika administration K68 billion to be used for improving quality of education. Government of Malawi and the World Bank have signed a MK68 billion financing agreement for the… ...

World Bank wants Malawi to become more resilient to future disasters

Aug 04, 2019 Mwayi Mkandawire 0 &

The World Bank says it wants to see Malawi recover from the March 2019 floods and become more resilient to future disasters. World Bank Country Manager for Malawi Greg Toulmin made the remarks on Saturday… ...

World Bank stops funding Malawi Public Works Programmes

Nov 15, 2018 Mercy Kawenga 0 &

The National Local Government Finance Committee( NLGFC) has renewed its commitment to address concerns raised by the World Bank over poor implementation of Public Works Programs( PWP) in the country citing lack of visible assets… ...

Lilongwe-Salima water project puts govt in trouble: World Bank pulls out K60bn

Sep 14, 2018 Russell Kondowe 1 &

The controversial Lilongwe-Salima project has landed Malawi Government in trouble with the World Bank. The World Bank has said it will not provide K60 billion budgetary support to Malawi following government’s decision to go ahead… ...

World Bank appoints new vice president for Africa

Jul 12, 2018 Martha Chikoti 0 &

The World Bank has appointed Franco-Egyptian Hafez Ghanem as the bank's vice president for Africa. Ghanem who is a development expert will lead an active regional portfolio consisting of over 600 projects totaling more than… ...

World Bank says there is improvement in Malawi’s business environment

Jun 01, 2018 Martha Chikoti 0 &

World Bank has said there is improvement in the business environment due to tight monetary stance by the Reserve Bank of Malawi. This was said by the World Bank Country Manager   Greg Toulmin during knowledge… ...