IFC in big private investment

Lilongwe — The International Finance Corporation (IFC), the private sector financing arm of the World Bank, says it will in the next five years invest $1 billion (about K825 billion) in the country’s energy and agriculture sectors. In an exclusive interview on Monday in Lilongwe, IFC regional director for Eastern Africa Jumoke Jagun-Dokunmu said this in the wake of her visit to Malawi for private sector investment engagements. While in the country, she met private sector representatives, Minister of Finance and Economic Affairs Sosten Gwengwe and Minister of Energy Ibrahim Matola. Jagun-Dokunmu said she urged government to undertake rigorous reforms to attract more private sector investment. —