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Monday, November 4, 2019

US firm dangles k740bn financing – The Nation Online

US firm dangles k740bn financing – The Nation Online: The Overseas Private Investment Corporation (Opic), the development finance institution of the United States government, says Malawi’s private sector can benefit up to $1 billion (about K740 billion) financing opportunity from the agency.

Opic managing director Nancy Rivera said this on Thursday in Lilongwe when she and her delegation held discussions with Reserve Bank of Malawi (RBM) and other officials on the implementation of 30 megawatts (MW) solar project in Nkhotakota.

Speaking at a private sector dinner hosted by RBM in Lilongwe, Rivera said Opic is delighted to provide finance to the Nkhotakota Power Project to contribute to solving the country’s power challenges.

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