{"id":32779,"date":"2022-10-16T21:31:36","date_gmt":"2022-10-16T21:31:36","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion"},"modified":"2022-10-16T22:20:42","modified_gmt":"2022-10-16T22:20:42","slug":"malawi-secures-mcc-compact-worth-k350-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion","title":{"rendered":"Malawi secures MCC compact worth K350 billion"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Millennium Challenge Corporation (MCC) compact worth US$350 million (over K350 billion) under which 300kms of road will be constructed in Malawi.<\/p>\n

MCC was represented by its chief executive officer Alice Albright while the Malawi Government was represented by Sosten Gwengwe, Minister of Finance and Economic Affairs.<\/p>\n

In his remarks prior to the signing, Chakwera described the positive impact on the economy the compact will have through the construction of over 300kms of road.<\/p>\n

Writing on his Facebook Page after the event, Chakwera said the Malawi Transport and Land Compact will be implemented to reduce transport costs and strengthen land administration in the country.<\/p>\n

\u201cAmong the expected outcomes is construction of the 300-kilometre network of four corridor roads across the country to facilitate greater flow of agricultural products from farms to urban markets.<\/p>\n

\u201cFurthermore, state agencies with the mandate to supervise road infrastructure will also receive technical assistance to improve usability of the infrastructure through timely maintenance,\u201d he said. He added the compact will build Malawi\u2019s capacity in land management reforms to maximise land revenue both for rural farmers and the country.<\/p>\n

Speaking during the event, Secretary Blinken pledged even more US support for Malawi\u2019s developmental goals, including the country\u2019s quest for an Extended Credit Facility with the International Monetary Fund.<\/p>\n

Roads that will be constructed under the MCC compact include the road Chikwawa in Rumphi to Euthini in Mzimba \u2013 67kms; from Mkanda in Mchinji to Mwase\/Linga in Kasungu \u2013 88kms; from Chileka in Lilongwe to Chigwirizano in Lilongwe \u2013 53kms; and from Chamtulo in Mangochi (off Golomoti to Monkey Bay road) to Mkutumula near Balaka Market in Ntcheu \u2013 79kms.<\/p>\n

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

Africa-Press – Malawi. President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Millennium Challenge Corporation (MCC) compact worth US$350 million (over K350 billion) under which 300kms of road will be constructed in Malawi. MCC was represented by its chief executive officer Alice Albright while the Malawi […]<\/p>\n","protected":false},"author":84,"featured_media":32778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,306,234,883,1023,1059],"class_list":["post-32779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-lazarus-chakwera","tag-malawi","tag-roads","tag-transport","tag-united-states"],"yoast_head":"\nMalawi secures MCC compact worth K350 billion - Malawi<\/title>\n<meta name=\"description\" content=\"President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Mill ...\" \/>\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\/malawi-secures-mcc-compact-worth-k350-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi secures MCC compact worth K350 billion\" \/>\n<meta property=\"og:description\" content=\"President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Mill ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion\" \/>\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=\"2022-10-16T21:31:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-16T22:20:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1052\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\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\/malawi-secures-mcc-compact-worth-k350-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi secures MCC compact worth K350 billion\",\"datePublished\":\"2022-10-16T21:31:36+00:00\",\"dateModified\":\"2022-10-16T22:20:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion\"},\"wordCount\":308,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Lazarus Chakwera\",\"Malawi\",\"Roads\",\"Transport\",\"United States\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion\",\"name\":\"Malawi secures MCC compact worth K350 billion - Malawi\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg\",\"datePublished\":\"2022-10-16T21:31:36+00:00\",\"dateModified\":\"2022-10-16T22:20:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Mill ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg\",\"width\":1052,\"height\":560,\"caption\":\"Malawi secures MCC compact worth K350 billion\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/malawi\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Malawi secures MCC compact worth K350 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/\",\"name\":\"Malawi\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Malawi secures MCC compact worth K350 billion - Malawi","description":"President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Mill ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion","og_locale":"en_US","og_type":"article","og_title":"Malawi secures MCC compact worth K350 billion","og_description":"President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Mill ...","og_url":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion","og_site_name":"Malawi","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-10-16T21:31:36+00:00","article_modified_time":"2022-10-16T22:20:42+00:00","og_image":[{"width":1052,"height":560,"url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Malawi secures MCC compact worth K350 billion","datePublished":"2022-10-16T21:31:36+00:00","dateModified":"2022-10-16T22:20:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion"},"wordCount":308,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg","keywords":["Africa Press","Africa Press-Malawi","Lazarus Chakwera","Malawi","Roads","Transport","United States"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion","url":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion","name":"Malawi secures MCC compact worth K350 billion - Malawi","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg","datePublished":"2022-10-16T21:31:36+00:00","dateModified":"2022-10-16T22:20:42+00:00","author":{"@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"President Lazarus Chakwera and United States Secretary of State Antony Blinken presided over the signing of the 2nd Mill ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#primaryimage","url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg","contentUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/10\/postQueueImg_13-634c838e4f87a.jpg","width":1052,"height":560,"caption":"Malawi secures MCC compact worth K350 billion"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-secures-mcc-compact-worth-k350-billion#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/malawi\/"},{"@type":"ListItem","position":2,"name":"Malawi secures MCC compact worth K350 billion"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/malawi\/#website","url":"https:\/\/www.africa-press.net\/malawi\/","name":"Malawi","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/32779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/comments?post=32779"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/32779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media\/32778"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media?parent=32779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/categories?post=32779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/tags?post=32779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}