Month ago, Afreximbank president Benedict Oramah’s visit to Malawi saw a meeting with President Peter Mutharika, where of a K1.1trn Investment facility. The Reserve Bank of Malawi (RBM) recently confirmed that the initiative is amidst   registering implementation progress as some of the Memorandum of Understandings (MOUs) with local firms have been signed.

RBM governor Dalitso Kabambe confirmed that government and other stakeholders are amidst meeting with the World Bank and progress is being made. “I can confidently report that we are registering progress for the flagship projects for Mangochi, the Cape maclear project, the international airport, the industrial park, the logistics park and also the industrial parks for Blantyre and Mzuzu. So far at a country level we are finalising issues of securing land.”

On the other hand, RBM also received a delegation from Afreximbank that are partnering with Press Corporation to grow 40 000 hectares of cassava which they will process into starch as well as producing some by-products.