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HomeNewsPresident Chakwera returns from mission 300 summit with $300 million energy grant

President Chakwera returns from mission 300 summit with $300 million energy grant

By Burnett Munthali

President Dr. Lazarus Chakwera has returned to Malawi after participating in the prestigious Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania. The high-profile summit brought together over 12 African heads of state, who collectively pledged to accelerate electricity access across the continent, with the ambitious goal of connecting 300 million Africans to electricity by 2030.

During the summit, President Chakwera reaffirmed Malawi’s commitment to this initiative, announcing an ambitious national target of ensuring 70% electricity coverage for Malawians by 2030, up from the current 25%. He emphasized that expanding access to electricity is a crucial step in driving economic growth, industrialization, and overall national development.



One of the key highlights of President Chakwera’s trip was the signing of a $300 million grant from the World Bank, aimed at strengthening Malawi’s energy sector. This funding will support infrastructure expansion, improve power generation capacity, and enhance electricity distribution to underserved communities. The grant is expected to play a critical role in achieving Malawi’s energy goals and boosting productivity in various sectors, including manufacturing, agriculture, and small businesses.

Beyond securing financial commitments, President Chakwera engaged in bilateral talks with several African leaders, exploring opportunities for collaboration in the energy sector and beyond. These discussions focused on regional integration, private-sector investment, and policy reforms that would accelerate the implementation of energy projects.

Speaking to a large gathering upon his return, President Chakwera highlighted the significance of the summit, linking it to Malawi’s ATM Strategy (Agriculture, Tourism, and Mining), which aims to diversify the country’s economy. He noted that reliable electricity is a fundamental driver of these sectors and a key ingredient in transforming Malawi into a middle-income economy.

President Chakwera’s successful trip to Tanzania underscores his administration’s dedication to driving progress and improving the lives of Malawians. The Mission 300 initiative, combined with the World Bank’s financial support, presents a significant opportunity to bridge Malawi’s energy gap. As the country continues on its development journey, the government is expected to intensify efforts to mobilize additional resources, implement reforms, and fast-track infrastructure projects that will ensure a sustainable and reliable power supply for all.

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