By Cedric Nkungula
President Dr. Lazarus McCarthy Chakwera on Monday evening held talks with Prof. Benedict O. Oramah, President and Chairman of the Board of Directors of the African Export Import Bank (Afreximbank) on the sidelines of the Intra – African Trade Fair (IATF2023) in Cairo, Egypt.
During the discussions, Afreximbank has committed to support and finance Chakwera’s vision to construct industrial parks in order to boost exports through value addition of products that are produced on mega farms.
Afreximbank further registered its commitment to support President Chakwera’s program to generate forex by securing markets and off takers for Malawian produce.
Critically Afreximbank has committed to support the Malawi Government’s efforts to secure an extended credit facility from the IMF in order to leverage foreign investment avenues and lines of credit for strategic imports that will boost production in the Agriculture, Tourism, and Mining sectors in line with Chakwera’s development agenda.