Malawi is to receive development credits worth 250,000 pounds sterling under an agreement signed in Bonn today (Wednesday).
GV EXT Foreign office
SV Banda arrives and greeted by Von Braun.
GV party walk through building
SV Banda seated.
SV Banda and Von Braun signing
SCU Von Braun signing
SCU Banda signing
GV Both men signing
CU TILT DOWN Von Braun signing
CU PAN Malawi officials look on
SCU West German officials
CU Von Braun and Banda conclude signing (2 shots)
SV Both men shake hands.
Initials SAW/BOB/BB/0320 SAW/BOB/BB/0330
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Background: Malawi is to receive development credits worth 250,000 pounds sterling under an agreement signed in Bonn today (Wednesday). The credit arrangement was signed for West Germany by State Secretary Herr Sigismund Von Braun and by the Malawian finance Minister, Mr. Aleke Banda.
In a ceremony at the West German Foreign office, the two men finalised the grant which will be used for road construction in Malawi and for resiting the market in the Malawi capital of Blantyre.
The latest grant for the road connecting Karonga, Chilumba and Chiweta amounts to about 91,000 pounds sterling and brings the total West German contribution to the road project to two million pounds sterling. The road construction is expected to be completed within a few months.
About 150,000 pounds sterling has been allocated to the construction of the new trading market.
After the brief ceremony, Mr. Banda, who is in Bonn to discuss development plans with West German leaders, was expected to visit Frankfurt.