Best practices in public finance management continue to elude Capital Hill as a 2017/18 Malawi Government Accounts Audit has revealed that ministries, departments and agencies (MDAs) failed to account for a whopping K3.2 billion. From the audit report, one sees the same old trends of weaknesses in accounting for public funds among MDAs as well…

Outgoing Flames coach Ronny van Geneugden (RVG) has pleaded with FAM and his prospective successor to maintain the team that he has built during his two-year stint. The Belgian tactician’s two-year contract expires next Monday and he doubts the prospects of renewal as he has not heard anything yet from his employers, Football Association of…

Reserve Bank of Malawi (RBM) imposed sanctions on some commercial banks between 2016 and 2017 for violating some of the anti-money laundering and combating the financing of terrorism (AML/CTF) provisions, it has emerged. The revelations of the administrative sanctions are contained in a National Risk Assessment (NRA) report on money laundering and terrorist financing launched…

A National Audit Office (NAO) audit has revealed that about K444 million at embassies and Ministry of Foreign Affairs and International Cooperation was paid into personal accounts purportedly with intent to defraud the Malawi Government. While government continues to proclaim that it has put in place measures to check against abuse of public funds in government…

The death of historian, economist and writer Desmond Dudwa Phiri has been described as a loss to the country. Popularly known as DD Phiri through his weekly articles in The Nation published by Nation Publications Limited (NPL), died at Mwaiwathu Private Hospital in Blantyre where he was receiving medical treatment for about three weeks. NPL…