By Kondanani Chilimunthaka
President Lazarus Chakwera on Friday, September 9,2022 engaged various international partners in discussions on economic and developmental matters for Malawi at Kamuzu Palace in the capital Lilongwe.
In a series of engagements, Chakwera met Thomas Ostros Vice President of the European Investment Bank (EIB) which is the main financier with K98 billion in the rehabilitation of the country’s M1 road.
During the meeting with President Chakwera, Ostros was accompanied by a delegation which included Rune Skinnebach, an European Ambassador to Malawi.
President Chakwera later engaged Electrica delegation led by Mohamed Atef, Vice President for Elsewedy Electric and Heba Samir who is the country’s director for the Egyptian multinational energy company to discuss issues surrounding country’s energy deal that President Chakwera secured from the company at the Intra-African Trade Fair held in Durban, KwaZulu Natal, in November last year.
Writing on his official Facebook page few hours ago, President Chakwera said in part; “I received from the delegation an update on impending projects the company will undertake in clean and reliable energy as part of the $1 billion investment package secured at the Intra-African Trade Fair last November.
Among the target projects, Elsewedy Electric plans to construct a 50-megawatt solar power plant in the country.”
As we went to press, Malawi leader was scheduled to hold virtual bilateral talks with Sidi Ould Tah, Director General of the Arab Bank for Economic Development (BADEA) regarding the $50 million facility President Chakwera’ administration has successfully secured from the bank for regularization of the fuel supply shortage that has recently hit the country.
Sources indicate that President Chakwera will also meet his cabinet later in the day.
