SA, Malawi strengthen ties
GOVERNMENTBy BiztechAfrica - April 29, 2012, 4:26 p.m.
South Africa and Malawi have strengthened ties, with a USD35 million loan to Malawi and an undertaking to improve scientific and educational cooperation.
This was announced after a meeting between President Jacob Zuma and Malawian President Joyce Banda aimed at reviewing the state of bilateral relations between the two countries.
The loan from South Africa, to help address Malawi’s fuel challenges, will be extended to the government of Malawi in three installments with the first installment of USD10 million paid already on 24 April.
Both Zuma and Banda reiterated their commitment in improving and strengthening the political and economic relations by enhancing cooperation between the business communities of the two countries as well as increasing trade and investment.
Both countries also agreed to encourage people-to-people contacts through cultural, scientific and educational exchange programmes and tourism.
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