The World Bank's board of directors has approved a 350 million US dollar grant to support the Mpatamanga Hydropower Storage Project in Malawi, a landmark development expected to significantly boost the country's electricity generation capacity. The project, which will create thousands of jobs and provide power to over 1 million households, is the largest foreign direct investment in Malawi's history, with a total cost exceeding 1-point- 5 billion dollars.  Meanwhile, the Malawian government says it has decided to suspend debt restructuring until after the September elections. Thabiso Lehoko spoke to Dr. Bertha Bangara Chakadza Bangara, the President of the Economics Association of Malawi.

<p>The World Bank's board of directors has approved a 350 million US dollar grant to support the Mpatamanga Hydropower Storage Project in Malawi, a landmark development expected to significantly boost the country's electricity generation capacity. The project, which will create thousands of jobs and provide power to over 1 million households, is the largest foreign direct investment in Malawi's history, with a total cost exceeding 1-point- 5 billion dollars. &nbsp;Meanwhile, the Malawian government says it has decided to suspend debt restructuring until after the September elections. Thabiso Lehoko spoke to Dr. Bertha Bangara Chakadza Bangara, the President of the Economics Association of Malawi.</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>