Africa: World Bank Approves Grant Financing for Landmark 358.5 Megawatt Mpatamanga Hydropower Storage Project

World Bank approves $350 million grant for Malawi hydropower project

BLANTYRE - The World Bank's board of directors has approved a $350 million grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country's generation capacity. Read more at straitstimes.com.

Africa: World Bank Approves Grant Financing for Landmark 358.5 Megawatt Mpatamanga Hydropower Storage Project

The World Bank Board of Executive Directors today approved a $350 million grant from the International Development Association (IDA)* to support Malawi's Mpatamanga Hydropower Storage Project (MHSP), a large infrastructure operation aiming to transform the country's energy landscape and its economic development trajectory.

World Bank Group expresses satisfaction over Nafa impacts on beneficiaries

The Nafa Cash Transfer, which is under the Gambia Resilience, Inclusion, Skills and Equity (RISE) program, is jointly funded by the World Bank and the Gambia government and implemented by the National Nutrition Agency (NaNA) in collaboration with the Department of Community Development (DCD) and the Directorate of Social Welfare (DSW). The project is poised to provide a foundation for providing sustainable livelihoods to the poor and vulnerable.…

World Bank Approves $350 Million for Malawi’s Mpatamanga Hydro Power Project

The World Bank has approved a $350 million (approximately K612.8 billion) grant facility for the Mpatamanga Hydro Power Project, according to Malawi’s Finance Minister Simplex Chithyola Banda. He confirmed to Times that the facility was approved on Thursday. Chithyola Banda expressed optimism, saying, “Am more than happy that World Bank has demonstrated confidence and trust in us.” He emphasized the importance of the funding, noting, “We will us…

Malawi Powers Up: World Bank Approves $350M Grant for Groundbreaking Mpatamanga Hydropower Project

In a bold step toward transforming Malawi’s energy future, the World Bank has approved a massive $350 million grant through the International Development Association (IDA) to support the Mpatamanga Hydropower Storage Project (MHSP)—a 358.5 megawatt infrastructure powerhouse poised to reshape the nation’s energy and economic landscape. Once completed, and pending full private financing, MHSP will […] The post Malawi Powers Up: World Bank Approves…