Esau, CDH formally cleared

The Lilongwe Chief Resident Magistrate on Tuesday dismissed the case which the Anti-Corruption Bureau (ACB) opened against CDH Investment Bank (CDH-IB) chief executive officer (CEO) Misheck Esau. Esau has since described the case as a sledge hammer in his banking career. In an interview soon after the court’s determination, the CDH-IB CEO said the court…

AIDS, TB gains under threat

Three months after International Aids Society (IAS) rated Malawi as on course to end HIV and Aids and tuberculosis (TB) by 2030, a new Médecins Sans Frontières (MSF) report shows funding gaps threaten to wipe the gains. During the 2019 Aids Conference in Mexico in July, IAS announced that Malawi was among six countries making…

MSB toxic loans  go to Parliament

Lilongwe Mpenu legislator Eisenhower Mkaka wants Ministry of Finance to explain to Parliament the disposal of the then wholly State-owned Malawi Savings Bank (MSB) and progress towards recovering K6 billion toxic loans extended to some individuals and companies. The parliamentarian further wants government to suspend establishment of Malawi Agriculture and Investment Corporation (Maic). In a…

Mutharika’S port blues

Maputo is not interested in discussing the Shire-Zambezi Waterway Project with Lilongwe, a senior Mozambique government official has said. The declaration—made by the Head of the Department of Bilateral Cooperation in Mozambique’s Ministry of Transport and Communications, Horácio Parquinio—is a slap in President Peter Mutharika’s face who on September 8 this year said “we are…

Litmus test for MEC

Two political parties challenging the May 21 presidential election results, Malawi Congress Party and UTM Party, have urged MEC to consider not holding a by-election in Lilongwe South Constituency until the presidential results case is concluded. Through a press statement released yesterday, Malawi Electoral Commission (MEC) informed electoral stakeholders of its intention to hold a…

CDH boss free in Zameer case

The Director of Public Prosecution (DPP) has denied the Anti-Corruption Bureau (ACB) consent to prosecute CDH Investment Bank (CDHIB) chief executive officer (CEO) Misheck Esau, both ACB and DPP have confirmed. Esau and CDH were being accused of failure to conduct due diligence on Zameer Karim of Pioneer Investments. Karim is being accused of theft…

FIA passes regional test

The country’s Financial Intelligence Authority (FIA) has joined the international world in efforts to combat financial crimes as the Eastern and Southern Africa regional body has approved Malawi’s Mutual Evaluation Report. Government has since said it has started enhancing its legal framework, with regulations supplementing the Financial Crimes Act set to be promulgated by monetary…

Campaign bloats govt arrears

Campaign spending doubled government’s arrears to local firms from about K206 billion in 2017 to K500 billion, an unofficial Ministry of Finance source has disclosed. The source told Weekend Nation, in an interview on Tuesday, the arrears have risen this much mostly because of the politically instigated development projects that government embarked on during the…

IMF cancels mission visits over demos

International Monetary Fund (IMF) has cancelled two scheduled mission visits to Malawi due to security concerns, the fund’s new resident representative to Malawi Farayi Gwenhamo confirmed on Tuesday. Malawi has been experiencing political unrest over the outcome of the May 21 Tripartite Elections, with the Human Rights Defenders Coalition (HRDC) organising demonstrations, demanding the resignation…

‘No insurance cover for demo victims’

Property worth billions of kwacha, destroyed during the Anti-Ansah demonstrations will go uncompensated because insurance companies do not indemnify damages caused by political and civil riots, insurance experts have told Weekend Nation. President of Insurance Association of Malawi (IAM) Donbell Mandala indicated that there is a general exclusion of cover on damages as a result…

US hails Uladi Mussa resignation

The United States (US) Government has described as encouraging the resignation of Uladi Mussa from his position as presidential adviser on parliamentary affairs, saying his presence in government was not consistent with Malawi Government’s stand on corruption. Mussa resigned on August 8 2019 through a letter to the Chief Secretary in the Office of the…

Sex freezes K14bn road project

Police, World Bank launch investigations Contractors demanded sex for favours The World Bank has suspended works on a K14 billion road project in the Lower Shire after some workers implicated the contractor in claims of contractual breaches bordering on sexual harassment and gender-based violence. Both the Roads Authority (RA) and World Bank confirmed that the…

Tractors maker disputes govt’s ‘archaic tech’ tag

New details have emerged in the flawed tractors deal bought in 2011 using a $50 million loan from India with the manufacturer disputing that the equipment was archaic technology. In a statement published in The Nation newspaper yesterday, Sonalika International dismissed government’s assertion and instead stressed that the tractors were “manufactured using the latest and…

Malawi pilots PrEP, Recency to combat Aids

In an effort to eliminate HIV by 2030, Malawi is piloting two interventions—Pre-exposure Prophylaxis (PrEP) and HIV Recency Surveillance testing that will target the youth, sex workers and other high-risk groups. Ministry of Health spokesperson Joshua Malango, who is currently attending an International Aids Society Conference (IAS) 2019 in Mexico, said Malawi has employed innovative…

Malawi First lady’s private trip drains K30m

First Lady Gertrude Mutharika has taken an entourage of seven aides on a 10-day trip to the United Kingdom (UK) to attend the graduation of her son, draining at least K30 million from public coffers. The First Lady left Malawi on Monday on South African Airways through Kamuzu International Airport in Lilongwe for the graduation…

Malawi set to end Aids by 2030

Malawi has been named among six locations in the world that have registered a dramatic reduction in human immuno-deficiency virus (HIV) incidence and mortality through crucial policy changes and are set to end Aids by 2030. International Aids Society (IAS)—in collaboration with Amfar Institute for HIV Cure Research and Friends of the Global Fight Against…

Africa tax havens under scrutiny

Delegates to the Sixth International Tax Justice Academy in Dakar, Senegal have highlighted that African countries that are opening themselves to tax havens’ exploitation are milking their continental counterparts through double taxation avoidance agreements (DTAAs). Speakers at the meeting noted that tax treaties signed by African countries involving tax havens result in significant revenue loss…

DPP, CSOs on collision path

Blantyre denies CSOs   permission to march In the thick of the post-election tension, Democratic Progressive Party (DPP) and some civil society organisations (CSOs) stand on a collision course with a potential clash during their respective parades this Thursday. While DPP has planned what its regional governor (South) Charles Mchacha dubbed Victory Parades, the CSOs under…

Voter apathy highest  in Central Region

The Central Region has registered the second highest voter apathy in the just-ended May 21 Tripartite Elections. At 26 percent, civic education experts have attributed this to lack of civic education and relocation of seasonal tobacco workers. The North had the least voter apathy rate, with only 22 percent of registered voters not turning up…