Malawi Could Lose K150 Billion Because Government Is Too Slow to Spend Agriculture Funds

Malawi Could Lose K150 Billion Because Government Is Too Slow to Spend Agriculture Funds

Malawi risks losing about K150 billion in crucial funding for rural development due to slow government processes and low absorption of funds, officials and experts warn.

Malawi Could Lose K150 Billion Because Government Is Too Slow to Spend Agriculture Funds - Malawi Nyasa Times - News from Malawi about Malawi

Malawi risks losing about K150 billion in crucial funding for rural development due to slow government processes and low absorption of funds, officials and experts warn. The Transforming Agriculture through Diversification and Entrepreneurship (Trade) Programme, which started on August 28, 2020, and runs for six years, has total funding of $125.8 million (about K220.3 billion). […] The post Malawi Could Lose K150 Billion Because Government Is To…

Malawi risks losing K150bn funding

Malawi risks losing about $75 million (about K148.8 billion) due to low funding absorption for the Transforming Agriculture through Diversification and Entrepreneurship (Trade) Programme meant to improve sustainable livelihoods in rural areas. The project, which came into force on August 28 2020, for six years up to September 30 2025, has a total funding of $125.844 million (about K220.3 billion), yet five years down the line, Malawi has just ut…