Chakwera Returns Home, Secures Funds for Development Projects

President Lazarus Chakwera on tuesday returned into the country from his tour of duty in Saudi Arabia and Egypt where he, among other things, signed a US$20 million for financing Mangochi-Makanjira Road.

Upon arrival at the Kamuzu International Airport in Lilongwe, Chakwera was welcomed by Vice President Saulos Klaus Chilima, top government officials, traditional and religious leaders.

Highest on the agenda is the Mangochi-Makanjira road construction deal which he signed expected to open Makanjira for new economic opportunities, as the current state of the road makes it hard for business and economic activities to thrive.

From Saudi Arabia, President Chakwera went to Egypt where he signed a US$2 billion with the Africa Export and Import Bank (Afrexim Bank), which will help the country in exports and value addition, ultimately boosting the much-needed foreign exchange currency.

While in Egypt, Chakwera also attended the Intra Africa Trade Fair in Cairo, which was organised by the Afrexim Bank. The fair attracted 75 participating countries and 1,600 business exhibitors, entrepreneurs and investors.