Month: January 2021 Posts

World Bank rebuffs Malawi over ‘Khato’ water project

Jan 19, 2021 Mwayi Mkandawire 0 &

The World Bank says the Salima-Lilongwe Water Project is not the most cost-effective way of increasing water supply in Lilongwe and the bank has also raised concerns over the feasibility of the project. The bank… ...

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… ...