AfDB approves $300m for Mozambique, Malawi projects - business - News - StarAfrica.com: The African Development Bank (AfDB) has approved a long-term loan of US$300 million to finance part of the cost of a railway project and the port of Nacala in Mozambique that will also benefit Malawi, the bank said on Thursday.The AfDB said in a statement that of the amount, Malawi would have a direct benefit of US$83.6 million to help finance the construction of a 912-km railway line from Mozambique’s coal province of Moatize to the port of Nacala via Malawi.
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