Cost of govt dismissals: General Odillo to be paid up to 2019

The purging of out-of-favour senior Malawi Government officials by in coming administrations continue to cost the taxpayer billions of kwacha as several contracted officials continue to receive their salaries and benefits while at home and doing nothing, Weekend Nation can reveal. And the new Peter Mutharika administration is following the same script, crafted by the Joyce Banda…

Malawi to formulate Agoa strategy

Malawi Government says it will seek to come up with a strategy to ensure the country fully benefits from the renewal of the Agoa trade agreement between the United States and African countries. A Malawi delegation led by President Peter Mutharika joined colleagues from some unprecedented 50 African States that accepted US President Barack Obama’s…

RBM ease fears over New Finance Bank

The Reserve Bank of Malawi (RBM) says the newly-licensed New Finance Bank will operate under a normal regulatory framework and there is no need for investors and depositors to be uneasy over its operations. The former Finance Bank was shut down a couple years ago and placed under voluntary liquidation but the RBM has once…

Minister of Trade and Industry Joseph Mwanamvekha has confirmed he is due to meet this week a group of disgruntled second-hand car dealers who are unsettled over a prospective launch of business in the country by Japanese-based company Be Forward. Mwanamvekha revealed the development in an interview with The Nation on Monday saying he will meet the group…

House meets with loaded agenda

The forthcoming sitting of the National Assembly may not just consider the 2014/15 budget as the major item on its agenda, all things considered. There is outstanding business from the previous meeting, including some substantive debate on the presidential jet sale and Cashgate—which got resuscitated. Looking at its campaign manifesto, the Democratic Progressive Party (DPP)…

Japanese car dealer move unsettles local businesspeople

A prospective launch of business in Malawi by Japanese-based second hand vehicle exporter Be Forward Japan has been received with discontent among local businesspersons trading in the industry. The Malawi Investment Trade Centre (Mitc) spokesperson Deliby Nyale Chimbalu while confirming the company was indeed in talks with Malawi authorities on launching their business in the…

The High Court in Lilongwe has terminated mediation in a case where private practice lawyer Chikumbutso Mkwamba dragged the Anti-Corruption Bureau (ACB) to court over unpaid legal fees. The Lilongwe-based prosecuting lawyer is demanding over K50 million as remaining unpaid sum plus interests and collection costs for services he rendered to the graft-busting body. Mkwamba…

Teachers told to fight child labour

Teachers Union of Malawi (TUM) has urged teachers in the country to take a leading role in the fight against child labour. TUM secretary general Dennis Kalekeni made the remarks on Sunday in Ntcheu District at a sensitisation meeting for primary school teachers as the union nears the rolling out of an anti-child labour campaign supported…

Chuka says fiscal indiscipline frustrating economy

Reserve Bank of Malawi (RBM) Governor Charles Chuka has warned that continued over borrowing and general lack of fiscal discipline is hurting the country’s efforts to curb inflation and reduce interest rates. “Government’s continued commitment to restoring fiscal prudence and efficiency in expenditure is key to macroeconomic stability and continuation of the IMF [International Monetary…

NGO calls for improved funding in Malawi mining sector

Malawi’s booming mining sector should result in increased funding, particularly to the Department of Mines, to enhance the development of institutional capacity, Citizen for Justice (CFJ), a non-governmental organisation (NGO) working in the sector, has said. The NGO says an influx of mining, oil and gas companies demands that authorities should do more to take…

Malawi Government will utilise the growing ICT portfolios of the Malawi Posts Corporation (MPC) in the delivery of the ambitious e-government project, Vice-President Saulos Chilima revealed yesterday. Chilima made the revelation when he officially opened the 33rd Ordinary Session of the Pan African Postal Union (PAPU) Administrative Council meeting in Lilongwe. He said the move…

Malawi’s banked population rises by 14%

The number of people accessing bank services in the country has jumped by 14 percent within five years. The financial inclusion figure is now at 54 percent from 45 percent in 2008, according to a 2014 consumer study by South Africa-based Finmark Trust. The Finscope Survey is carried out by the Johannesburg-based Finmark Trust and…

CfSC worried over Malawi’s heavy energy costs

Social watchdog, Centre for Social Concern CfSC) says the country’s poor living in both towns and villages are being subjected to ever skyrocketing costs of energy without abating signs. The body also fears that the country is suffering serious hidden costs to the environment due to lack of alternative sustainable sources of energy. The NGO…

Donors stop funding departments, police over Fisp

In a move analysts have described as a vote of no confidence in the country’s public finance management systems, donors financing the Farm Input Subsidy Programme (Fisp) have stopped giving government departments, including the Malawi Police Service (MPS), direct financial injection to carry out activities under the programme. The donors are instead channelling their funds…

Goodall swells Cashgate war chest

Malawi’s Minister of Finance, Economic Planning and Development Goodall Gondwe says government is putting up additional resources to strengthen the fight against corruption and ensure the successful investigation and prosecution of the Capital Hill Cashgate scandal. Speaking in an interview, Gondwe said government was leaving no stone unturned in order to ensure that justice is…

Mejn for fiscal decentralisation

Malawi Economic Justice Network (Mejn) has called for fiscal decentralisation for local councils to enable the councils spearhead infrastructure and social development. Mejn executive director Dalitso Kubalaso made the call in his contribution as part of civil society submission on budget presentation. “On revenue collection, local councils have the burden of collecting small, but hard…

CfSC worried over heavy energy costs

Social watchdog, Centre for Social Concern (CfSC) says Malawi’s poor living in both towns and villages are being subjected to ever skyrocketing costs of energy without any sign of abating. The body fears that there are also serious hidden costs to the environment the country will pay for due to lack of alternative sustainable sources…

Cashgate prolongs vehicle ownership change process

Investigations into wealth accumulated from the plunder of public resources at Capital Hill dubbed Cashgate have led to delays in authorities processing vehicle ownership changes besides negatively affecting the business of local motor vehicle dealers, it has been learnt. The Nation can report that since March this year when the graft-busting body, the Anti-Corruption Bureau…