GOVT TO PROBE JET SALE DEAL

Barely days after launching a fresh forensic audit in the Capital Hill Cashgate, government plans to launch a probe into the controversial sale of the country’s presidential jet. Minister of Finance, Economic Planning and Development Goodall Gondwe said yesterday government would like to establish the truth about the disposal of the French-made jet to Bohnox…

Opposition calls for policy linkages

Opposition political parties have called upon government to ensure there are linkages between the country’s short, medium and long-term development goals. The parties, Malawi Congress Party (MCP), United Democratic Front (UDF) and People’s Party (PP), made the calls in reaction to the State of the Nation Address by President Peter Mutharika presented in Parliament last…

Ecobank Malawi Limited says it is planning to expand its presence in the country while offering world class banking services. The bank’s managing director, Charles Asiedu, made the remarks in Lilongwe on Friday when the bank opened its new branch at Old Town, the eighth since it started its operations in Malawi seven years ago. He said…

AXA Coach Services on Friday launched its newest product, an airport shuttle service to ferry travelers to and from the country’s major airports. The company says the shuttle services, which will commute between the central business district areas of Capital Lilongwe and Kamuzu International Airport (KIA) and the commercial city of Blantyre and Chileka Airport, will offer…

Malawi orders fresh Cashgate audit

Minister of Finance Goodall Gondwe announced on Thursday government has immediately launched a fresh forensic audit at State House, Malawi Defence Forces (MDF) and Malawi Police Service (MPS) as part of a probe into the Cashgate. Addressing a press briefing at Parliament building in Lilongwe, Gondwe pledged that there would be no “sacred cows” in…

Grain Traders Association calls for export ban review

The Grain Traders and Processors Association of Malawi has called upon government to review its policies on export, saying adhoc bans are depriving the country of much needed forex and strangling export diversification. The association’s projects officer John Banda said in Lilongwe on Tuesday that some of the government policies have been contradictory citing the…

Experts  propose collateral registry to ease farmers’ loan plight

Business experts have proposed that government should establish a collateral registry to enable farmers and small-scale agri-based businesses access to loans from financial institutions. Speaking in Lilongwe during a roundtable discussion on private sector involvement in policy making on access to agriculture financing in Malawi organised by the South Institute International Affairs (SIIA), experts further…

Comesa says the country should utilise trade opportunities in the global leather and shoe industry by expanding and promoting home grown industries. Common Market for Eastern and Southern Africa (Comesa) Leather and Leather Products Institute (LLPI) executive director Mwinyikione Mwinyihija made the remarks on Friday in Lilongwe during the graduation of 40 small and medium entrepreneurs who…

Mardef merges with Youth Development Fund

Soon-to-be -established government finance company, Malawi Enterprises Development Fund Limited (Medf), formally Malawi Rural Development Fund (Mardef) is now undergoing functional reviews ahead of starting operations. The new company would merge Mardef and Youth Enterprise Development Fund (Yedf) and will also be responsible for coordinating the Farm Input Loan Programme (Filp) which was previously managed…

Treasury has halted preparations for budget formulation as they await for the new political administration to provide policy direction. Speaking in an interview, Ministry of Finance Spokesperson Nations Msowoya could not also say whether what indication the donor community was giving on whether it will return with budgetary support or not. Donors have withheld budgetary…

‘Make health issues a priority’

The newly formed Media Network for Health Journalists (MNHJ) has said media practitioners should help the country place health issues on top of the national agenda. MNHJ has been formed following the establishment of regional platforms with support from Ministry of Health’s Support for Service Delivery Integration (SSDI) and Galaxy Media. Speaking at a meeting…

HRCC backs vote recount

The Human Rights Consultative Committee (HRCC) has rallied behind calls for a vote recount for the May 20 Tripartite Elections, describing the polls as a failed election whose credibility is at serious risk. The grouping, a network of 97 local civil society organisations, said it is concerned about the ongoing political impasse, but applauded Malawi…

Germany releases K2.7bn for health

Germany has released K2.7 billion which was part of the budgetary support funds it had frozen, however, Germany will not immediately return to budgetary support. The funds, amounting to five million euros will go directly into supporting health programmes as part of a grant agreement to support procurement of anti-polio vaccines and tuberculosis drugs and…

Campaign overshadows Kamuzu Day

Family members of the country’s founding president the late Hastings Kamuzu Banda and officials from Malawi Congress Party (MCP) on Wednesday honoured him by laying wreaths at his mausoleum in the capital city while government officials and other political parties stayed away from the function. MCP presidential candidate Lazarus Chakwera took time off his campaign…

Non-compliance on AU charters causing economic stagnation

Despite the country signing a number of international agreements, a just-released State of the Union report by Malawi Economic Justice Network (Mejn) and Eye for Development has revealed that poverty and under-development have remained due to failure to implement the various protocols. The report, released on Tuesday in Lilongwe by the civil society groups, further…

Drama, hope as parties sign PAC peace accord

Amid ululation and interruptions from unruly supporters, the 12-person strong cast of presidential candidates yesterday signed the Lilongwe Peace Declaration to ensure the elections due in just under a fortnight are peaceful, free and fair. And there was a call from the clergy; if the elections are to be successful, the candidates must prepare for…

There was confusion on Wednesday involving two appeals by Cashgate suspects, Mike Msungama and Victor Sithole, at the High Court in Lilongwe with court documents angering a judge due to a catalogue of errors. The State has since indicated it will request the court to throw out the appeals for a case in which Msungama…