Month: August 2019 Posts

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… ...

Reforms are not bearing fruits at Escom – World Bank

May 23, 2018 Malawi24 Reporter 1 &

The World Bank has trashed reforms at the Electricity Supply Corporation of Malawi (Escom) saying they are not benefiting Malawians. Speaking on Tuesday in Blantyre during a meeting convened to evaluate the impact of business… ...

Women continue to face economic challenges – World Bank

Apr 08, 2018 Martha Chikoti 0 &

World Bank says women continue to face different challenges that prevents them from undertaking economic activities. According to World Bank's Women Business and Law report for 2018, women are facing widespread barriers, entrenched in laws… ...

Population growth, low school enrolment hamper Malawi’s development

Dec 29, 2017 Lyonike Mughogho 3 &

Malawi's development endeavours are yielding low due to an alarming population growth and low school enrolment at primary and secondary levels, the World Bank says. The country is struggling to satisfy the aforementioned indicators of… ...

Malawi economy growing – World Bank

Nov 23, 2017 Martha Chikoti 142 &

The World Bank  has  said Malawi’s Gross Domestic Product growth will increase to 4.5 percent in 2017 from 2.5 percent in 2016. The estimates are in the Malawi Economic Monitor (MEM) 6 which the bank… ...

Malawi up 23 places in doing business rankings

Nov 02, 2017 Martha Chikoti 20 &

Malawi has moved by 23 places in the doing business rankings released by the World Bank. According to Doing Business 2018 Reforming to Create Jobs, Malawi has jumped from position 133 last year to 110… ...

World Bank committed to end poverty in Malawi

Oct 20, 2017 Martha Chikoti 71 &

The World Bank says it is committed to end poverty in Malawi. The Bank's Senior Social Development Specialist Mwikali Wambua made the remarks during End Poverty Day commemoration event on Tuesday in Lilongwe. Wambua said… ...

Malawi to lose trillions of dollars because of child marriages

Jun 28, 2017 Martha Chikoti 28 &

The World Bank has said that child marriages will cost developing countries such as Malawi trillions of dollars by 2030. This has been revealed in the Economic Impacts of Child Marriages report published by the… ...

World Bank loans Malawi $72.4 Million

Jun 06, 2017 Archangel Nzangaya 2 &

The World Bank has given Malawi a $72.4 million (K52.5 billion) loan to build digital foundations needed to help the country connect to the global digital economy. According to a press statement from the World… ...