European Investment Bank’s deputy leader visits Malawi

European Investment Bank Vice President for Africa, Pim van Ballekom will visit Malawi from Thursday to Saturday this week.
European Investment Bank EIB is the world’s largest international public bank and owned directly by 28 European Union member states.

The EIB has provided nearly 230 million Euros for long-term investment in Malawi since 1977 which has included support for improving water and sanitation in Lilongwe and Blantyre, as well as energy, transport and private sector investment across Malawi.

According to the press release made available to radio Islam today during the visit significant new financing for aviation safety and water investment will be announced.

“The high-level EIB delegation will meet key Ministers, Ambassadors, local business community and successfully completed water projects supported by EIB,” says the statement.

For Malawians to be well informed two press conferences on the signing ceremony of new aviation and water investment as well as on the current and future EIB engagement in Malawi and SADC will be held on Friday.

Last year, EIB provided more than 2.5 billion Euros for long-term infrastructure investment and to support private sector growth across Africa.

In the last decade it provided 4 billion Euros for investment in countries in the Southern Africa Development Community.