By Linda Kwanjana
Malawi Government says has found a long term measure which is aimed at addressing pesistent fuel shortage the country has been experiencing since 10 years now.
Minister of Information and Digitalization, Moses Kunkuyu said this during a media briefing held in Lilongwe.
Kunkuyu revealed that discussions are underway to obtain a $100 million facility from the Arab Bank for Economic Development in Africa.
He said this money will be enough to cover the costs each month. Kunkuyu said shortage of forex has been main cause of fuel shortage in the country.
Kunkuyu, said Government recognized the difficulties and dissatisfaction that Malawians are experiencing due to the current fuel shortage.
He elaborated that fuel suppliers in Tanzania and Mozambique had suspended fuel loading for a period of 10 days due to unpaid invoices.
He indicated that a monthly sum of $51 million is necessary for fuel imports, yet the government has only managed to allocate $37 million.
He mentioned that $21.5 million has already been secured, which will enable the importation of 29.9 million litres of fuel.
Additionally, he emphasized the government’s dedication to ensuring that 20 percent of the fuel is transported via rail to improve logistics.
