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
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Putin proposes Russia-Egypt grain and energy hub to boost trade Egypt seen as strategic hub for redirected Russian exports Project faces uncertainty...
Djibouti launches École 42 digital training network with international partnership Program offers peer-learning, no degrees, focusing on practical tech...
Failing to anticipate market shifts can be costly for African businesses operating in increasingly competitive and volatile environments. Yet many still...
Project targets reduced errors, better traceability and fairness Initiative part of broader government digital transformation efforts Mauritania is...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...