[Press Release] BRIDGIN Foundation Offers USD 6.8 Billion Grant to the Government of Malawi

Monday, 28th November 2022 – In 2019, the BRIDGIN foundation attended the RUFORUM Annual General Meeting in Ghana which strengthened the partnership between RUFORUM and the Foundation that has led to the signing of a game-changing $6.8 billion (about K7 trillion) grant between the Malawi Government and BRIDGIN Foundation of Belgium to implement the seven key infrastructure projects in Malawi.

The seven key projects targeted by the otherwise, too good to be true financing include construction, equipping and full operationalization of a high-tech Kamuzu University Teaching Hospital (Kuth) in Blantyre with satellites in Mzuzu, Lilongwe and Mangochi; construction and equipping of Inkosi ya Makosi M’mbelwa University with a High-Tech Livestock Industrial Centre in Malawi; construction and equipping of a hi-tech bioscience and fertilizer manufacturing industrial park at the Lilongwe University of Agriculture and Natural Resources (Luanar).

The grant will also involve construction and equipping of Mzuzu University Teaching Learning and Research Facilities with geo-mining necessities; construction and equipment of Malawi University of Science and Technology hi-tech technology and engineering hub; construction of Capital Hill Twin Towers; development of power generation facilities with a total installed capacity of 1GW and related infrastructure; and the upgrading of the electricity transmission infrastructure.

The targeted infrastructure projects are expected to be implemented in the next three to four years and are aimed at boosting the country’s economy.

BRIDGIN claims to have a mission to contribute to the economic, social and industrial development of emerging countries by funding its priority projects and programmes. It provides funds exclusively for public investments on a Public- Private Partnership (PPP) model.

Speaking at Kamuzu Palace in Lilongwe during the signing of the grant agreement, BRIDGIN Foundation President Tanko Mouhamadou said the United States, Israel and the European Union are willing to support the country, including transferring knowledge and skills to the locals in Africa.

“It’s a win-win situation in which we are aiming at bringing technology, fund experts and transfer all this knowledge to the universities. Once we bring those funds and technologies, our intention is to transfer the full knowledge to locals,” he said.

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