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Friday, July 17, 2009

Chinese bank backs Malawi 
hotel, conference centre 
project

The Malawi government has secured a $90-million loan from Export & Import Bank, of the People’s Republic of China, for the construction of a five-star hotel and an international conference centre in the capital city, Lilongwe.

Finance Minister Ken Kandodo has already presented the loan Bill to the country’s Parliament, which has approved it READ MORE


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