The observation from our MP are real and we wonder why those in Government fail to borrow these advises. Imagine if you borrow from banks MK700,000 you will make a repayment of MK1,3 million within a period of 3years. This will not be the same when you make a fixed deposit of the same amount. The interest will not even reach to MK50,000.
mbanga
8 years ago
judging by the way people are loosing houses the MP has got very points. its actually shameful that some banks are even advertising three pages that they are selling people’s houses. those who buy are the same people, Asians of Asian origin. not of Malawi origin. This calls for total scrunchy and intervention by people in authority before someone is hanged.
We have the so called economists but they just stay iddle,this is realy economic sucidal.God save us.
Bratusha
8 years ago
Given a chance I would rather try the likes of Bisnowaty to be Malawi State president. But because we vote on tribal, racial lines we forget that doing so is tantamount to suicide. Keep it up Bisnowaty.
Manganya
8 years ago
I like what number 15(drogba) has commented.what he said ndizowona zokhazokha as well as article ya bisnowaty.But my question ndiyoti kodi boma APM likupangapo chani kuti ululu wa amalawi pa nkhani za chuma wavutawu uchepe? Angoyang’ana basi kuti tizingoberedwabe?
mtichimwitsa
8 years ago
Koma kuba ndalama aboma kutchinjiriza anthu sakutha. Mxiiiii
This is very painful and I do feel bad because Malawi in Africa seems as if its country where foreigners have met and soon after their businesses they go back to where they belong.This is the right time we real Malawians deserve to wake up as ateam avoid blaming and divisions.I dont agree that its becoz we are ignorant of what is going on concerning our economic this is very wrong.Just look at this MP’s explanation it is proving very well that the right candidates are within us but they are dead.You know we need to realise that to develope… Read more »
peter
8 years ago
Do we have political leadership with the will to protect the interests of the people or rather a group of thugs promoting the interests of fellow thugs? Wake up Malawi and take charge of your country. Mr president and all our MPs, this is your job!!!! Let not your hearts rest until there is economic justice in this land!!!!
Madala
8 years ago
National bank of Malawi (NBM( deducts from my basic saving account K350 a month as service charge. So if NBM has 1 million saving accounts, it simply translates to 350 million Kwacha as revenue from service charge from simple savings accounts. So what about corporate accounts, interests on loans etc? Think about those banks when anytime you use ATM card you are deducted service charge? “Thieving” at its best!
What Honorable Bisnowarty has said is just very true, very but I wonder, doesn’t government know about this?? Why isn’t the government doing anything about this?? Mr Bisnowarty, please table this in parliament next session. In fact I attended the recently Malawi Investment Forum 2015 at BICC in Lilongwe and banking rates was one of the factors debated for a ling time. It was obvious that most investors were reluctant to invest in Malawi with very high borrowing bank rates and too much taxes. I always cry when such banks as NBM boast of hundreds of billions of kwachas in… Read more »
The observation from our MP are real and we wonder why those in Government fail to borrow these advises. Imagine if you borrow from banks MK700,000 you will make a repayment of MK1,3 million within a period of 3years. This will not be the same when you make a fixed deposit of the same amount. The interest will not even reach to MK50,000.
judging by the way people are loosing houses the MP has got very points. its actually shameful that some banks are even advertising three pages that they are selling people’s houses. those who buy are the same people, Asians of Asian origin. not of Malawi origin. This calls for total scrunchy and intervention by people in authority before someone is hanged.
We have the so called economists but they just stay iddle,this is realy economic sucidal.God save us.
Given a chance I would rather try the likes of Bisnowaty to be Malawi State president. But because we vote on tribal, racial lines we forget that doing so is tantamount to suicide. Keep it up Bisnowaty.
I like what number 15(drogba) has commented.what he said ndizowona zokhazokha as well as article ya bisnowaty.But my question ndiyoti kodi boma APM likupangapo chani kuti ululu wa amalawi pa nkhani za chuma wavutawu uchepe? Angoyang’ana basi kuti tizingoberedwabe?
Koma kuba ndalama aboma kutchinjiriza anthu sakutha. Mxiiiii
This is very painful and I do feel bad because Malawi in Africa seems as if its country where foreigners have met and soon after their businesses they go back to where they belong.This is the right time we real Malawians deserve to wake up as ateam avoid blaming and divisions.I dont agree that its becoz we are ignorant of what is going on concerning our economic this is very wrong.Just look at this MP’s explanation it is proving very well that the right candidates are within us but they are dead.You know we need to realise that to develope… Read more »
Do we have political leadership with the will to protect the interests of the people or rather a group of thugs promoting the interests of fellow thugs? Wake up Malawi and take charge of your country. Mr president and all our MPs, this is your job!!!! Let not your hearts rest until there is economic justice in this land!!!!
National bank of Malawi (NBM( deducts from my basic saving account K350 a month as service charge. So if NBM has 1 million saving accounts, it simply translates to 350 million Kwacha as revenue from service charge from simple savings accounts. So what about corporate accounts, interests on loans etc? Think about those banks when anytime you use ATM card you are deducted service charge? “Thieving” at its best!
What Honorable Bisnowarty has said is just very true, very but I wonder, doesn’t government know about this?? Why isn’t the government doing anything about this?? Mr Bisnowarty, please table this in parliament next session. In fact I attended the recently Malawi Investment Forum 2015 at BICC in Lilongwe and banking rates was one of the factors debated for a ling time. It was obvious that most investors were reluctant to invest in Malawi with very high borrowing bank rates and too much taxes. I always cry when such banks as NBM boast of hundreds of billions of kwachas in… Read more »