Those who have keenly followed fiscal issues in the country will know that reforms on Public Finance and Economic Management (PFEM) date back to 2002 when the Malawi Financial Accountability Action Plan (MFAAP) was developed. This was followed by the enactment of important, yet largely ignored pieces of legislation, namely the Public Finance Management Act…

My reporting professor repeatedly told me that journalists are not supposed to be emotionally involved with a story. They must be detached. They must not be judgmental both in the presentation of the information gathered and in their thoughts as they are developing the piece. Never should the journalist take a story personal. This was…

We expose ACB cash-gate list

Weekend Nation has seen and verified a list of 20 bank accounts and their names that the Anti-Corruption Bureau (ACB) is probing as part of the cash-gate crackdown. Of the 20 frozen bank accounts held at FMB, eight either wholly belong to businessperson Oswald Lutepo as an individual or he jointly owns them with partners.…

This month, Washington is consumed by the impasse over reopening the government and raising the debt limit. It seems likely that this episode, like the 1995-96 government shutdowns and the 2011 debt limit scare, will be remembered mainly by the people directly involved. But there is a chance future historians will see today’s crisis as…

Audit shows K90N stolen under DPP

Former ruling Democratic Progressive Party (DPP), now in opposition, presided over the loss or mismanagement of over K90 billion  through the Integrated Financial Management and Information System (Ifmis) abuse between 2009 and 2012, The Nation has learnt. This is according to an interim investigative audit report of the Ifmis that the National Audit Office (NAO)…

‘Let’s show gays love’

Recently, the Centre for Development of People (Cedep)—with finding from Aids-Fondet (AF)—organised a workshop for religious leaders on Sexual Reproductive Health and Rights (SRH&R) with special focus on minority rights. One of the religious leaders was Sheikh Mdala Ali Tambuli who also made a presentation at the workshop. Ephraim Munthali caught up with Tambuli for…

Sheikh backs gay rights

A respected Mangochi sheikh, Mdala Ali Tambuli, has spoken out strongly in favour of gay rights, saying homosexuals need love and understanding from religious leaders and society. Tambuli told Nation on Sunday recently that religious leaders and communities in the country should accept men who have sex with other men (MSMs) or those who are…

After dissolving her Cabinet over a week ago, President Joyce Banda hired her new management team on Tuesday. While she has thrown in five new faces, including internationally respected economist Dr. Maxwell Mkwezalamba as Finance Minister, as well as Fahad Assani as Justice and Constitutional Affairs Minister—the President has retained roughly 85 percent of her…

In his 2013/14 national budget speech,  the resignation tone-deaf Finance Minister Ken Lipenga made a cheeky statement  that hit at folks who questioned the sustainability of the kwacha’s strength,  which at the time had started to appreciate after a year of decline. While Lipenga and his sympathisers said  the strengthening of the kwacha was due…

Where were political leaders and controlling officers when some civil servants were writing outrageous sums of money on government cheques as payments to dubious companies for goods and services to government they never supplied? Where was the political and technical leadership as well as other players in the public finance and economic management (PFEM) system)…

Govt payment system collapses, as donors urge swift probe into Mphwiyo saga

The Integrated Financial Management System (IFMIS)—the Malawi Government payment platform at the centre of recent investigations into alleged theft of public funds—has collapsed, the Accountant General confirmed Friday. News of the system’s failure came as sources from the Ministry of Finance and the Auditor General’s office confided in Weekend Nation that government has shut down IFMIS pending investigations…

As billions of kwacha meant to develop the country and improve livelihoods of poor Malawians leave government bank accounts only to land in civil servants’ and their accomplices’ accounts, car boots, bedrooms and sometimes cleaned up by the villains through acquisition and construction of mansions and properties in low density suburbs and prime areas, the…

The other day, Malawi Switch Centre (Malswitch) whined that its creator—the Reserve Bank of Malawi (RBM)—was throttling it systematically, leaving the firm to face a slow and painful death. At issue, according to tersely written exchanges between the two institutions that Weekend Nation was recently privy to, is RBM’s decision to facilitate the setting up…