back to top

Good tidings as Germany commits MK140bn financial support to Malawi

Published on:

Share post:

Good tidings continue to flow in favour of President Dr. Lazarus McCarthy Chakwera and his administration following the commitment by the Government of Germany to provide MK140 billion financial support to Malawi.


The news was announced at the end of the virtual intergovernmental negotiations, which took place from November 30 to December 1, 2023, in Lilongwe.

At the end of the negotiations, the Germany Ambassador to Malawi, Ute Konig, expressed her government’s commitment to continue supporting Malawi in various sectors of the economy and cushioning Malawians from the effects of devaluation.

“We reconfirm our support of Malawi 2063 and its objective of becoming an inclusively wealthy and self-reliant nation,” Konig said.

Malawi’s Minister of Finance Simplex Chithyola Banda described the financial support as timely because the country has been facing a lot of challenges.

“This financial support will among others help us in public finance management and implementation of the Social Cash Transfer Programme,” said Chithyola-Banda.

The last intergovernmental negotiations between Malawi and Germany were held in 2021.

Meanwhile, governance experts are calling Malawians to support the government ‘s economic reforms agenda although they are painful in nature.


Discover more from Nthanda Times

Subscribe to get the latest posts sent to your email.

Related articles

Stephanos Foundation donates child learning centre, borehole to Chilembwe Primary School 

Stephanos Foundation, a non-governmental organization, has donated a child learning center and a borehole worth MK18 million at Chilembwe Primary School in Traditional Authority Mazengera in Lilongwe.

Malawians urged to promote SMEs

Minister of Trade and Industry, Sosten Gwengwe has urged Malawians to promote Small and Medium Enterprises (SMEs) and cooperatives by buying their products.

ABC Clinic donates audiology equipment to Ministry of Health

The African Bible College (ABC) Hearing Clinic and Training Center has provided audiological equipment to the Ministry of Health.

Farming activities blocks Karonga stadium’s drainage systems

Farming activities around Karonga Stadium have contributed to water flooding at the facility which was opened in 2018.

Discover more from Nthanda Times

Subscribe now to keep reading and get access to the full archive.

Continue reading