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AfDB gives MW K300 million

The African Development Bank (AfDB) has donated $400,000 (about K300 million) to Malawi to help floods survivors.

Making the donation on Tuesday evening at Capital Hill in Lilongwe, AfDB Vice President responsible for Corporate Service and Human Resource, Mateus Magala, said the money would cater for immediate needs of the affected families.

Magala said the bank would commit another $1.4 million to the same cause.

“We understand that the journey is long and will involve rebuilding lives and rebuilding the country and there is need for medium and long-term solutions.

“And for that, we have so far mobilised about $100 million to be shared between Mozambique, Zimbabwe and Malawi to build resilience against climate change and natural disasters,” Magala said.

Homeland Security Minister, Nicholas Dausi, thanked AfDB for the donation.

He rated the support as timely as the government was working on rebuilding houses and facilitating resettlement of the affected people.

“Over a million people are in camps; we want to move them to upper lands because they cannot stay in camps forever and this exercise will require $365 million.

“The figures may continue to rise because we are continually facing disasters and, in this plan, we will include people that were recently affected by rainstorms in Rumphi District,” Dausi said.

Out of the $365 million (about K273 billion), $12.5 million (about K9.4 billion) will come from the 2018/19 budget.

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