Sunday, May 26, 2024

Pres. Chakwera-Afrexim bank meeting results in USD 500 million donation towards Malawi Cyclone Freddy Survivors

President Lazarus Chakwera has expressed his gratitude for the act of solidarity that African Export-Import Bank (Afrexim bank) has shown to Malawi and the generous donation the bank has pledged to contribute toward Operation Tigwirane Manja following the devastating damage by Cyclone Freddy in the month of March this year.

Speaking during a virtual meeting he had with the Bank’s President, Benedict Oramah, from Kamuzu Palace in Lilongwe on Tuesday, 4th April, 2023, Chakwera commended Oramah for his leadership in ensuring that the Afrexim Bank becomes an all-time partner that stands with vulnerable countries including Malawi in times of need.

In his remarks, Prof. Oramah pledged a donation of $500,000 towards the relief efforts, Malawi’s President is coordinating under Operation Tigwirane Manja.

The donation by the Bank is expected to be surrendered to DoDMA to ensure the support is used for the intended purpose while strengthening the capacity of governance institutions in executing their constitutional mandate as a primary mechanism for helping those affected by the cyclone in a way that does not crumble or undermine their long term resilience against future climate change shocks.

The virtual meeting between the two was held as one way of Malawi’ continuing need for international support for relief under Operation Tigwirane Manja in response to the humanitarian crisis brought about by Cyclone Freddy in the short term as well as for recovery and reconstruction in the long-term.

The African Export-Import Bank whose headquarters is in Cairo-Egypt, has its operations in over 50 African Member-countries including Nigeria, Uganda, Cameroon, Zimbabwe, and Ivory Coast among others.

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