HomeNational NewsNationalWhat a booster as AFREXIM Bank pledges to finance Mega Farms Project

What a booster as AFREXIM Bank pledges to finance Mega Farms Project

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Soon after his arrival on Saturday evening, President Lazarus McCarthy Chakwera, received a courtesy call from the African Export-Import Bank (Afreximbank) President and Board Chairman Prof. Benedict Oramah as one way of welcoming him. 

During the meeting, His Excellency Oramah expressed his profound gratitude to President Chakwera for honouring the bank’s invitation to participate in the 30th Afreximbank Annual Meetings taking place in Accra, Ghana from 18 to 21 June 2023.

Then on Sunday the African Import-Export bank (Afreximbank) full delegation met the president again where the Bank committed to help finance the establishment of Malawi’s mega farms project, President for the Pan African Multilateral Financial Institution, Professor Benedict Orama disclosed. 

“As a bank, we are ready to finance some of Malawi’s flagship projects such as mega farms and Industrial Parks as a way of enhancing development,” he said.

During the meeting with Afrexim Bank President Professor Orama, Chakwera was accompanied by the Minister of Finance Hon Sosten Alfred Gwengwe, Minister of Foreign Affairs Hon Nancy Tembo MP, the Minister of Agriculture Hon Sam Dalitso Kawale MP and others.

During the four-day Indaba, being held under the over overarching theme, Delivering the vision: Building prosperity for Africans, will feature keynote addresses, panel discussions, plenaries and fireside-type conversations focusing on African trade, trade finance and development issues, including the implementation of the AfCFTA.

Some of the topics listed for discussion include: Turbo-Charging Implementation of the AfCFTA; Building Prosperity for Africans: The Challenges of Peace and Security; What would it take for Africa to feed itself—Overcoming the challenges of food security for sustainable development in Africa; Building Prosperity: African Culture and Literature as a Foundation for African Renaissance; Delivering the Vision—Corporate Perspectives; and The Future of Integration in Africa.

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