Tags: Nations Msowoya

OPC whips PSs

  Twenty newly-appointed controlling officers in the public service have been warned against any recurrence of mismanagement of public funds within their ministries or risk prosecution and dismissals. The warning comes against a background of the plunder of public resources at Capital Hill, dubbed Cashgate. In an interview yesterday, Chief Secretary to the Government George…

Impact of Escom’s pole imports on labour, forex

  Two government ministries—Natural Resources, Energy and Mines as well as Finance—and a labour expert have said Escom’s move to import wood poles at the expense of local suppliers is detrimental to Malawi’s economy. Spokesperson for the Ministry of Natural Resources, Energy and Mines Sangwani Phiri said in an e-mail interview on Thursday that importing…

NB hospital in crisis

  Nkhata Bay District Hospital has suspended some outreach clinics and—like other district hospitals—has resorted to feeding patients once a day as budget cuts hit hard. To provide proper health care across the district, the hospital needs over K500 million ($954 198), but government only allocated K150 million ($286 260) in the 2015/2016 budget. With…

Treasury questions funds abuse at Smedi

An investigative audit that the Central Internal Audit of the Ministry of Finance carried on Small and Medium Enterprise Development Institute (Smedi) has unmasked how top officials allegedly ‘enriched’ themselves by making bogus claims of fuel and telephone allowances amounting to over K21 million ($42 000). An audit report dated June 3 2015, which Nation…

APM, TREASURY DIFFER ON MINING OUTPUT

Treasury has released a report that pegs the contribution of the mining sector to the country’s gross domestic product (GDP) at less than one percent, contrary to the six percent President Peter Mutharika told Parliament in May this year. The Annual Economic Report 2015, released by Ministry of Finance, Economic Planning and Development, indicates that…

Exposed: Government’s poor record keeping

The Institute of Internal Auditors (IIA) Malawi Chapter says the PricewaterhouseCoopers (PwC) cashbook reconstruction report has once again exposed the Malawi Government’s failure to keep records and reluctance to embrace and respect the role of internal auditors. The analysis details all payments, number and value of payments on the Ifmis greater than K1 million (US$2…

FISP Reforms cut out middle-man

The move means that government will no longer be inviting tenders for the supply of fertiliser and seeds under Fisp as beneficiaries will choose which agro-dealer to buy from, according to Treasury spokesperson Nations Msowoya.eforms in the Farm Input Subisidy Programme (Fisp) have—effective in the 2015/16 National Budget—cut out suppliers and transporters, The Nation has…

Exclusive: Malawi Govt settles Mulli’s K5bn loan, 12 others at MSB

The recent K6 billion promissory notes government has decided to issue to Malawi Savings Bank (MSB) for the so-called toxic assets is in fact a bailout for private individuals and companies that failed to service their loans at the State-owned bank. This basically means that cash-strapped Capital Hill—which is struggling to even buy the most…

IMF positive on Malawi

The International Monetary Fund (IMF) says preparations are at an advanced stage to bring the fifth and sixth reviews of the Extended Credit Facility (ECF) for Malawi to the attention of its Executive Board mid next month. Completion of the two reviews could bring the IMF-supported programme—which involves total lending of $147 million (about K66…

Treasury upbeat on aid resumption

Malawi Government is still engaging the Common Approach to Budget Support (Cabs) donors and has expressed optimism that they would resume budget support for the 2014/15 fiscal plan. The donors have since November last year been withholding budgetary support amounting to $150 million after revelations of looting of public funds dubbed Cashgate under the People’s Party (PP)-led…