Public Private Partnership Commission (PPPC) says limited access to long-term capital financing is a major setback for local investors implementing infrastructural development projects in the country. PPPC Chief Executive Officer, Patrick Kabambe, disclosed this in Blantyre on Tuesday during the signing ceremony of a Memorandum of Understanding (MOU) with NBM Development Bank on long-term capital financing. Kabambe said it is the commission’s wish to see more local investors participating in public private partnership projects in the country. Commenting on the MOU, NBM Development Bank General Manager, Bernard Masi, says the bank will continue to play a pivotal role in providing assistance to the local investors. By George Banda NBM Development Bank General Manager said Between now and December, they have set aside K15 billion to be disbursed to investors, mainly targeting Agriculture, Tourism and Mining (ATM) strategy. He said the K15 billion amount is likely going to be doubled next year. Masi added that apart from the ATM, they will also fund other sectors including energy, education, health, water and sanitation thereby promoting infrastructure development and reducing poverty in the country. PPPC Chief Executive Officer, Patrick Kabambe hopes this partnership will enhance national transformation. by Christopher Sande #MBCDigital #NBM DB