Public Management

Malawi secures $157mln from World Bank for land and water projects

Malawi secures $157mln from World Bank for land and water projects
Tuesday, 07 July 2020 16:53

The World Bank agreed to disburse $157 million to support the Malawi Watershed Services Improvement Project (MWASIP), which aims to increase sustainable landscape management in watersheds and improve rural livelihoods.

The financing is composed equally of a loan and a grant ($78.5 million for each) from the International Development Association (IDA), the World Bank said in a July 6 statement. The targeted projects aim to provide $40 million in livelihood support to more than 250,000 beneficiaries through community subsidy programs designed to encourage better land management. It also includes $45 million for the construction of water facilities, including 10 small multipurpose dams, 20 rainwater harvesting structures, and 10 small-scale irrigation systems to increase access to water for productive uses.  

The project will enhance the capacity of watershed management institutions at all levels to sustain interventions beyond the project and build on the success of another World Bank-supported project, the Shire River Basin Management Project, which the Government of Malawi implemented from 2012 to 2019,” the statement said.

Overall, the government expects the project to generate 2,500 additional jobs in the construction sector.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on research, feasibility and investment support for SMEs and...
IFC plans to invest up to $52 million in a microfinance group operating in Kenya, Uganda and Tanzania. The funding will support local...
Gabon launched a CFA85 billion ($153 million) bond on the Cemac market, offering 6% over three years and 6.5% over four years. The issuance...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agenda IMF flags debt at 132% of GDP Senegal on...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
03

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
04

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
05

Naira strengthens to 1,348 per dollar, boosting assets Lagos market gains 25,000 billion naira in...

Stronger Naira, Stock Rally Add Billions to Nigeria’s Wealthiest
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.