Scribd Logo
Upload

Welcome to Scribd!

  • 5 views

    LILONGWE-SALIMA LOAN AUTHOR. AMENDMENT Act

    Uploaded by

    Paul Chiwala Banda
    ACT

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    LILONGWE-SALIMA LOAN AUTHOR. AMENDMENT Act

    Uploaded by

    Paul Chiwala Banda
    5 views2 pages
    ACT

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    ACT

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views2 pages

    LILONGWE-SALIMA LOAN AUTHOR. AMENDMENT Act

    Uploaded by

    Paul Chiwala Banda
    ACT

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    NBS Bank PLC and National Bank of Malawi PLC (Lake Malawi

    No. 18 Water Supply Project) Loan (Authorization) (Amendment) 1

    (Published 31st May, 2024)

    Act

    No. 18 of 2024

    I assent

    DR. LAZARUS MCCARTHY CHAKWERA


    PRESIDENT
    19th May, 2024

    ARRANGEMENT OF SECTIONS
    SECTION
    1. Short title
    2. Amendment of long title to Act No. 20 of 2023
    3. Amendment of s.1 of the principal Act
    4. Amendment of s.2 of the principal Act
    5. Amendment of s.4 of the principal Act

    An Act to amend the NBS Bank Plc and National Bank of Malawi Plc (Lake
    Malawi Water Supply Project) Loan (Authorization) Act, 2023.
    ENACTED by the Parliament of Malawi as follows__
    1. This Act may be cited as the NBS Bank Plc and National Short title
    Bank of Malawi Plc (Lake Malawi Water Supply Project) Loan
    (Authorization) (Amendment) Act, 2024.
    2. The NBS Bank Plc and National Bank of Malawi Plc (Lake Amendment
    of long title
    Malawi Water Supply Project) Loan (Authorization) Act, 2023 to Act No. 20
    (hereinafter referred to as the “principal Act”) is amended, in the of 2023
    long title―
    (a) by inserting, immediately after the words, “NBS Bank
    Plc,”, the words “CDH Investment Bank Limited,”; and
    (b) by deleting the words, “one hundred and five billion
    Kwacha (MK105,000,000,000)” and substituting therefor, the
    words “the equivalent of one hundred million United States
    Dollars (USD 100 million)”.
    NBS Bank PLC and National Bank of Malawi PLC (Lake Malawi
    No. 18 Water Supply Project) Loan (Authorization) (Amendment) 2
    Amendment 3. The principal Act is amended, in section 1, by inserting,
    of s. 1 of the
    principal Act immediately after the words, “NBS Bank Plc,”, the words “CDH
    Investment Bank Limited,”.
    Amendment 4. The principal Act is amended, in section 2―
    of s. 2 of the
    principal Act (a) the marginal note, by deleting the words
    “K105,000,000,000” and substituting therefor, the words “the
    equivalent of USD 100 million”;
    (b) subsection (1)―
    (i) by inserting, immediately after the words, “NBS Bank
    Plc,”, the words “CDH Investment Bank Limited,”; and
    (ii) by deleting the words “one hundred and five billion
    Kwacha (MK105,000,000,000)” and substituting therefor, the
    words “the equivalent of one hundred million United States
    Dollars (USD 100 million)”;
    (c) subsection (2), by inserting, immediately after the words,
    “NBS Bank Plc,”, the words “CDH Investment Bank Limited,”;
    and
    (d) subsection (3), by inserting, immediately after the words,
    “NBS Bank Plc,”, the words “CDH Investment Bank Limited,”.
    Amendment 5. The principal Act is amended, in section 4, by inserting,
    of s. 4 of the
    principal Act immediately after the words, “NBS Bank Plc,”, the words “CDH
    Investment Bank Limited,”.

    Passed in Parliament this fifth day of April, two thousand and


    twenty - four.

    FIONA KALEMBA
    Clerk of Parliament

    You might also like