{"id":32616,"date":"2022-10-14T21:10:03","date_gmt":"2022-10-14T21:10:03","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi"},"modified":"2022-10-14T22:04:24","modified_gmt":"2022-10-14T22:04:24","slug":"saudi-fund-pumps-36-million-into-malawi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi","title":{"rendered":"Saudi Fund pumps $36 million into Malawi"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Saudi Fund for Development (SFD), a finance development arm of the Kingdom of Saudi Arabia, has said its soft loans to Malawi exceed $36 million (approximately K37 billion).<\/p>\n

The fund has since reaffirmed its commitment to continue supporting Malawi\u2019s development needs in key areas of health, energy and transport. SFD Director for Eastern and Southern Africa Azzam Al-Barrak was speaking on the sidelines of the launch of Phalombe District Hospital by President Lazarus Chakwera.<\/p>\n

SFD has provided funding for the hospital through a $12 million (K12.4 billion) soft loan to the Malawi Government. Engineer Al Barrak said the latest round of funding for Phalombe brings SFD\u2019s total commitment to Malawi to more than $36 million (K37.3 billion) for development projects in recent years.<\/p>\n

\u201cPhalombe Hospital will serve residents in the rural areas of the Phalombe region by addressing poverty, combating diseases, and reducing mortality rates among children,\u201d said Al Barrak in a statement by SFD.<\/p>\n

SFD said in the statement the fund\u2019s involvement in Malawi has contributed to the development of a range of vital industries and fields, including the water, health, energy and transport sectors.<\/p>\n

Minister of Health Khumbize Kandodo Chiponda praised the Kingdom of Saudi Arabia, represented by SFD, for its commitment to help Malawi overcome persistent infrastructure challenges.<\/p>\n

\u201cSuch effective joint partnerships will help contribute to Malawi\u2019s growth and progress,\u201d she said, adding that Phalombe hospital will play an important role in safeguarding rural people in the region to lead \u201chealthier, happier lives through the provision of high-quality health care\u201d.<\/p>\n

SFD\u2019s partnership with the Malawi Government dates back to 2009 and has seen the Kingdom of Saudi Arabia\u2019s investment fund facilitatting three sectoral projects in the country, said the statement.<\/p>\n

Touting itself as the sustainable development fund from the Gulf region, the SFD was established by the Royal Decree as a government organisation that provides soft loans and grants to finance development projects and programmes in developing countries.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The Saudi Fund for Development (SFD), a finance development arm of the Kingdom of Saudi Arabia, has said its soft loans to Malawi exceed $36 million (approximately K37 billion). The fund has since reaffirmed its commitment to continue supporting Malawi\u2019s development needs in key areas of health, energy and transport. SFD Director […]<\/p>\n","protected":false},"author":84,"featured_media":32615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,410],"tags":[233,371,234,610,5273,5272],"class_list":["post-32616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-malawi","tag-malawi","tag-malawi-government","tag-phalombe-district-hospital","tag-saudi-fund-for-development"],"yoast_head":"\nSaudi Fund pumps $36 million into Malawi - Malawi<\/title>\n<meta name=\"description\" content=\"The Saudi Fund for Development (SFD), a finance development arm of the Kingdom of Saudi Arabia, has said its soft loans ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Fund pumps $36 million into Malawi\" \/>\n<meta property=\"og:description\" content=\"The Saudi Fund for Development (SFD), a finance development arm of the Kingdom of Saudi Arabia, has said its soft loans ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T21:10:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-14T22:04:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-6349dcbaa7c85.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1334\" \/>\n\t<meta property=\"og:image:height\" content=\"818\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Saudi Fund pumps $36 million into Malawi\",\"datePublished\":\"2022-10-14T21:10:03+00:00\",\"dateModified\":\"2022-10-14T22:04:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-6349dcbaa7c85.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\",\"malawi government\",\"Phalombe District Hospital\",\"Saudi Fund for Development\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/saudi-fund-pumps-36-million-into-malawi\",\"name\":\"Saudi Fund pumps $36 million into Malawi - 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