Email a copy of 'CSOs calls for total cancellation of Malawi Savings Bank sale' to a friend

* Required Field






Separate multiple entries with a comma. Maximum 5 entries.



Separate multiple entries with a comma. Maximum 5 entries.


E-Mail Image Verification

Loading ... Loading ...

Sharing is caring!

16 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Antigo Combatente
Antigo Combatente
8 years ago

MSB is the only bank I knew during my youth ages. I do not think that selling would solve any problem. What we should do now is to investigate why the once prosperous financial institution in Malawi should be in a financiial mess.
If there are any culprits behind the whole episode must be taken to book.

Denguzman.
8 years ago

Mr. President, are u really a true Malawian? U and Goodall, u are playing utchona style of running this govt. Kodi mwamva liti kuti Amalawi sakufuna kuti MSB isagulitsidwe? Kodi mukubisanji ku MSB? Inu mukulimbana ndikuteteza mbava mumalo moteteza udindo wanu coz simukuziwa kuti ng!ona zimene mukuweta mu boma lanu zikumezani b4 2019.

Christian life
Christian life
8 years ago

I heard a call for wiser suggestions from State House as to how the bank should proceed and if this is the kind of wisdom Mr Mayaya and the CSO Organization then am afraid you have no direction and probably you don’t deserve to meet the media as yet. Please plan with the society and I don’t think you consulted us the society before you went ahead to media. Did you really talk to the public on the way forward within past 24 hours of presidential declaration or you consulted yourself only?

BigMan
BigMan
8 years ago

Poor Malawians, confused, dull, unsophisticated, selfish, and predictable time wasters!

Walter
Walter
8 years ago

The bank should be sold to all Malawians through shares (IPOs) and the price value should include the cost of Basel and the illicit or toxic loans and any other amounts to keep the bank commercially viable . As for the loans, there was collateral, assets pegged to the loans taken. The bank has to recover that money by selling those assets and if the loans exceed the collateral then other assets not hedged against the loans should be evaluated by estate evaluators and the legal authorities so that the said amounts are recovered. After the sale, the shareholders should… Read more »

muthu muonege
muthu muonege
8 years ago

Lets build our country malawi, msb should not be sold.

Reserve Bank of Malawi Official
Reserve Bank of Malawi Official
8 years ago

THIS IS THE WAY TO GO. very individuals will benefit from the sale including most Lhomwes. Kodi ife a Malawi kugona bwanji?

Why should you trust us to decide on the sale of MSB when Reserve Bank of Malawi was used as a conduit for cashgate?

Koma a Malawife kugona

ba fipuli
8 years ago

Mayaya yours is a foolish solution the tax payer bailing out the bank my foot!

Aurther PM
Aurther PM
8 years ago

Government should stop the sale completely. Inject capital, change management and board and let be the bank listed on stock of exchange within a specified period say two or three years. Alternatively the bank should be given approval to borrow from outside.

CHEWA FEDERAL FRONT
CHEWA FEDERAL FRONT
8 years ago

There are just TOO many mistakes APM is making. … a flip-flop on salary increment … a flip-flop on assets declaration … a flip-flop on this silly dark-corner-deal MSB sale … and, then, the Lumbadzi painting fiasco … lately, a flip-flop on SMS tax The president is obviously an intelligent man; no doubt about it. Yet, strangely, he comes across as someone who cannot make decisions on important issues. For all we know, he has not responded to several petitions including those of “Mzimba Kingdom” & Federation/Secession Let me reiterate what the departed master, Raphael Tenthani (MHSRIP), said to APM:… Read more »

Read previous post:
China Xinwei Telecom to roll out in Malawi: Xu meets Mutharika

A Chinese telecommunication firm, Beijing Xinwei Telecom Technology Inc., will soon roll out in Malawi to offer cost-effective communication technologies...

Close