Parliament pass loan bill for electricity expansion in Malawi.
Malawi parliament has passed a loan bill that will enable them borrow fund for the nation electricity expansion. The bill for the loan which is worth US$150m will aim to increase access to electricity in Malawi.
According to Minister of Finance Joseph Mwanamvekha the project has three component; like grid electrification, off grid market development fund and technical support.
During the meeting, the loan bill was passed unanimously. While, the house also authorize the government to borrow €80m and €15.5m from the European Investment Bank.
However, this fund will be use to rehabilitate the Kamuzu International Airport, Mzimba turn off road and Kacheche-Chiweta road.
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