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Friday, December 15, 2017

Parliament Endorses K117 Billion Bill • Nyasa Express

Parliament Endorses K117 Billion Bill • Nyasa Express: "Parliament Endorses K117 Billion Bill
December 14, 2017 Nyasa Express Parliament, Shire Valley, World Bank
Parliament on Wednesday authorized the government to borrow $160 million (about K117 billion) from the World Bank to finance an ambitious agricultural project in the Shire Valley.

The project seeks to increase agricultural production through irrigation and support to farmer organisations.

The Shire Valley Transformation Project is expected to run for a period of 14 years from 2017 at a total value of $575 million to be funded through loans from the World Bank, African Development Bank (AfDB) and the Government of Malawi."



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