Tags: Loan Authorisation Bill

House rejects K20bn loan bill

Parliament yesterday rejected a $50 million (about K20 billion) Loan Authorisation Bill for government to borrow funds from the World Bank to finance increasing access to higher education at the University of Malawi (Unima) colleges, vocational education provider Teveta and Mzuzu University (Mzuni). The rejection took government by surprise after it received overwhelming support from…