Tags: Malawi Budget 2015

Interview: Budget will be litmus test for Malawi–Kachaje

Last Friday, Minister of Finance, Economic Planning and Development Goodall Gondwe presented a national budget statement in Parliament that has left tongues wagging.I caught up with Economics Association of Malawi (Ecama) president Henry Kachaje to give views of the budget. Q: How do you describe the 2015/2016 National Budget the minister presented in Parliament on…

Donors say budget a tightrope

Malawi’s development partners have welcomed the 2015/16 National Budget with cautioned optimism, describing it as a “tightrope” Finance Minister Goodall Gondwe and the rest in government have to walk. With his briefcase in hand, Gondwe arrived at Parliament Building in Lilongwe to the traditional flashes of cameras at exactly 2pm and proceeded to present the…

Court endorses MSB sale

The High Court in Blantyre has allowed government to proceed with the sale of State-owned Malawi Savings Bank (MSB). The court vacated an injunction the bank’s employees obtained earlier, stopping the sale of the beleaguered bank riddled with ‘toxic’ loans, arguing the employees had no sufficient interest in government’s decision. This follows government’s move, through…

Style versus substance as Chakwera responds to Mutharika’s major speech

As expected, President Peter Mutharika on Tuesday delivered his second State of the Nation Address as he opened the fourth meeting in the 45th Session of Parliament. The President’s major speech also marked the official opening of the 2015/16 Budget Meeting. A lot has already been said about the speech and I will not dwell…

Malawi Budget 2015: Chakwera brands APM ‘babysitter’

…Punches holes into his State of the Nation Address Leader of Opposition in Parliament Lazarus Chakwera yesterday launched a scathing attack on President Peter Mutharika’s attempts to blow his own trumpet on the back of economic reforms, describing his State of the Nation Address as bureaucratic machinations. In his official response to the address in…