FARMSE – IFAD

The FARMSE Project, funded by the International Fund for Agricultural Development (IFAD) and the Ministry of Finance, is a groundbreaking initiative designed to improve financial access for rural households and small businesses in Malawi. The project empowers farmers and micro, small, and medium enterprises (MSMEs) by providing sustainable financial services that enhance livelihoods and economic resilience.

Press Corporation Limited 50MW Photovoltaic Solar Plant

Press Corporation intends to install a 50 Megawatt (MW) solar photovoltaic power generation plant at Nkhoma, in Lilongwe District. The company secured an approval from the Electricity Supply Corporation of Malawi (ESCOM), to connect to the 132KV busbar at its Nkhoma substation after the implementation of the Malawi-Mozambique
400 KV transmission interconnection Project. The project will take about 10 months to construct and is expected to commence in March 2024. It is expected that the project will employ 10 people during planning phase 240 workers during
construction phase and 14 workers during
operation phase.