China gives Malawi K7.5 billion grant
The People’s Republic of China has given Malawi government a grant of $16 million (K7.5 billion at the current exchange rate) to be used to renovate technical colleges and expanding Thyolo Secondary School, among others.
Apart from the grant, the two governments have also signed an agreement to enable China to give Malawi an interest free loan amounting to $8 million (K3.8 billion).
Malawi’s Minister of Finance, Economic Planning and Development Goodall Gondwe, speaking after signing the agreements, said the money will be used on projects to be jointly agreed by the two governments.
“We are already in discussion with the Chinese government, through the Economic Counsellor’s office, on a number of projects for possible financing and among them are the renovation of youth centres across the country and the expansion of Thyolo Secondary School among others,” he said.
Gondwe said the money will also be used to drill boreholes in some districts in the country, provision of technical cooperation for the Bingu National Stadium as well maintenance of Parliament building.
In his remarks, Chinese ambassador Zhang Qingyang said projects to be funded by the money will help to grow the country’s economy and improve the well being of the people of Malawi.
“Since the establishment of diplomatic ties seven years ago, China and Malawi have always been a community of shared destinies, common development tasks and shared strategic interests, which have bound us together,” he said.
Recently, the two governments also signed an agreement through which Malawi would get mobile solar systems worth $10 million (K4.6 billion).
whats so special with Thyolo district, does it mean its the only disctrict that need urgent attention???
Of course there will be a quid pro quo, but much better than their previous loans for the new grandiose parliament, overblown conference centre and massive hotel in Lilongwe – eyesores and a financial millstone for Malawi governments into the foreseeable future
I envy this country's international relation, their support has no labouring conditions attached to it that is many African countries are on the quee to have diplomatic signatures from them, sidelining the so called Americans and the western powers, no wonder it is the number one richest country on the planet as the west and its ally America are sinking. Bravo the Chinese
China my abuse Africans in some instances. Unlike the White people China doesn’t pay lazy people to demonstrate, and jeopardise economy. China doesn’t pay, dictate what you do with aid. China does pay for anarchy, NGOs to do vigils, demonstrations, aid for homosexuality, aid for abortion, Aid for prostitution, aids for silence, China don’t discourage teaching of moral conducts, faithfulness and abstinence so that they sell condoms to our government and force the government to provide condoms freely so that aid aka loan remain structurally insignificant ,
Every Citizen Who Think Of Development Will Be Hppy Of This Coz During 50 Yearz Commemoratio Day Others Say This Country Is Not Developing Yet Others Deny Development
Friend in need.
Thanx Government of The Republic of China
That's good.
PLIZ CONSIDER MY CHIKWAWA SECONDARY SCHOOL AS WELL. OR IT WILL WAIT UNTIL I BECOME A PRESIDENT OF THIS COUNTRY? SHAME ON YOU.