The Malawi Bureau of Standards has obtained the accreditation of its testing laboratories through the technical assistance provided by UNIDO and UNDP.
Millennium Challenge Corporation Vice President, General Counsel and Board Secretary Jeanne Hauch has marked the closeout of the MCC Malawi Compact at a ceremony to commemorate the official hand-over.
Malawi is the latest beneficiary of two regional integration projects expected to spur the leather and textile industry in the country. These are: a state of the art Leather Design Studio and a Garments and Textiles Incubation Center.
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.
The African Development Bank Group has approved a US$15 million grant from the African Development Fund for a water supply and sanitation project in Malawi, expected to provide jobs and boost the livelihoods of nearly 300,000 people.
Through the African Development Fund’s recent envelope of financial instruments, Malawi has received US$14 million for scholarships and infrastructure for its Higher Education, Science and Technology (HEST) program.
The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility (ECF), which is subject to the approval of the IMF Executive Board.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements with Côte d’Ivoire and Malawi to help boost socio-economic development and living standards.
58,500 smallholders in Ghana, Malawi, Uganda and Zambia will benefit from outgrower programmes backed by AgDevCo's Smallholder Development Unit , with farmer incomes set to collectively increase by $8.8 million per year.
ProVia, the safety-focused and reliable budget parts aftermarket brand for commercial vehicle braking systems has announced its launch in 10 countries across the Southern African region.
IFC, a member of the World Bank Group, and the Global Agriculture and Food Security Program have announced a $4 million loan to support the expansion of Global Tea & Commodities and its subsidiaries.
COMESA has successfully launched the 50 Million African Women Speak (50MWS) project, a women economic empowerment initiative, in Malawi.
Techno Brain has partnered with Microsoft Corporation to launch a Digital Agriculture Platform in Africa to help farmers improve crop yields and increase income.
Exploration company has announced the start of a diamond drilling programme at the Songwe Hill Rare Earths Project in Malawi.
The Malawi Enterprise Productivity Enhancement project supported under the COMESA RISM programme has procured equipment worth €320,710 for the setting up of a leather design studio to be based in the city of Blantyre.
Poor rainfall in parts of Africa has triggered the largest insurance pay-out to date for vulnerable farmers under an innovative climate risk management scheme known as the R4 Rural Resilience Initiative, R4.
Malawi’s six-year maize export ban increased consumption by 6 percent, achieving its objective of increased food security, measured narrowly in terms of availability of maize at lower prices, in the short term according to a study by Karl Pauw et al.
The Executive Board of the International Monetary Fund has approved a new three-year arrangement for Malawi under the Extended Credit Facility (ECF) for $112.3 million.
The Republic of Malawi has become the second Southern African member country of Africa Finance Corporation, Africa's leading infrastructure development finance institution.
FINCA Malawi, the microfinance operations of FINCA Impact Finance in Malawi, and KfW, the German state-owned development bank, signed a $3.4 million long-term subordinated debt facility with a loan tenor of 8 years.
Malawi has officially launched its iGuide, an electronic investment platform developed by the Malawi Investment Trade Center (MICT) assisted by the ECA and UNCTAD acting in line with the United Nations principle of “Delivering as One”.
Half a million residents of Malawi’s capital city, Lilongwe, are set to benefit from improved water services and safely managed sanitation through a $100 million project financed by the World Bank.
[Malawi] Mkango Resources and Talaxis in deal to fund development of the Songwe Hill Rare Earth project
Mkango Resources Ltd has entered into an agreement with Talaxis Limited, a wholly owned subsidiary of Noble Group Limited to fund development of the Songwe Hill Rare Earths Project in Malawi and commercialisation of new magnet technologies.
The African Development Bank (AfDB) and other participating co-lenders has signed agreements for the financing of the Nacala Corridor project.
Aon Plc the global professional services firm providing a broad range of risk has confirmed it has completed the sale of its shareholding in its employee benefit, insurance and reinsurance brokerage operations in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia.
The World Bank has approved $166 million to transform Malawi’s agricultural productivity through irrigation, lay the foundations for commercialization, and improve management of natural resources in the Shire Valley.
The Malawi Enterprise Productivity Enhancement (MEPE) is set to open two cooking oil centers of excellence in Mchinji and Phalombe districts.
Five hundred COMESA Virtual Trade Facilitation System (CVTFS) kits have been supplied to the government of Malawi to support trade facilitation.
The World Bank says Malawi needs to better manage its urbanization process as this will be critical to the country’s efforts to boost resilience, reduce poverty, and achieve sustainable, inclusive growth.
The World Bank Board of Executive Directors has approved an $80 million credit to the Malawi Government for general budget support. This is the first budget support financing approved by the World Bank for Malawi in four years.
Barclays has received a firm offer for one of the African operations it intends to sell.
A new $11.5m investment in Jacoma Estates has been announced by CDC, the UK's development finance institution, and AgDevCo, a social impact investor targeting sub-Saharan Africa.