By Peter Phiri:
As part of his ongoing drive of reviving the country’s economy, president Lazarus Chakwera on Friday held a series of meetings with some of the country’s key development partners.
President Chakwera first held a meeting with a delegation of the European Investment Bank(EIB).
The EIB delegation comprised Vice President, Thomas Östros and EU Ambassador to Malawi, Rune Skinnebach.
The meeting comes at a time when EIB is financing part of the M1 Road Rehabilitation project with a contribution of K98 billion.
In a related development the President met a delegation from Egyptian multinational energy company, Elsewedy Electric, which was led by the company’s Vice President Mohamed Atef and Country Director Miss. Heba Samir.
During the meeting the delegation briefed president Chakwera on an update on impending projects the company intends to undertake in clean and reliable energy as part of the $1 billion investment package secured at the Intra-African Trade Fair in November last year.
Among other things, Elsewedy Electric plans to construct a 50-megawatt solar power plant in the country which will ease electricity challenges in the country once commissioned.