The World Bank will loan Malawi $20 million for use in extending access to affordable communications services throughout the country.
Malawi has been given the loan after the World Bank’s Board of Executive Directors approved an International Development Association (IDA) credit of $151 million to Malawi, Mozambique and Tanzania.
According to World Bank’s office in Malawi, the loan was the third phase of a Regional Communications Infrastructure Programme (RCIP) worth $424 million to increase the availability of reliable communications services for citizens, businesses and governments in Eastern and Southern Africa.
Under the program Malawi, Mozambique and Tanzania will receive $20 million, $31 million and $100 million each, respectively.
The project will link Malawi to the world by fiber-optic cable, and reduce the cost of international connectivity which will in turn reduce the cost of international telephony and broadband internet service.
Source African Press Agency
