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Policy & Geopolitics

Malawi signs $20mn deal with Chinese firm to modernise Lake Malawi shipping

Malawi’s government signed an agreement Monday with Chinese company Hongtai Investment Group to supply two marine vessels and upgrade a shipyard on Lake Malawi, in a project worth $20 million. The memorandum of understanding (MoU), signed in the capital Lilongwe, covers the delivery of a cargo vessel and a passenger…

Nyasa TimesBy Nyasa Times News Desk
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Original headline: “Malawi signs $20mn deal with Chinese firm to modernise Lake Malawi shipping

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  • MV Ilala