Goodall ‘sorry’ as opposition demand answers on Malawi Savings Bank sale-

Minister of Finance, Economic Planning and Development Goodall Gondwe had to apologise to the national assembly on Tuesday for not appraising the House of latest developments developments surrounding the controversial disposal of the wholly State owned Malawi Savings Bank (MSB).

Gondwe:  I will make a statement

Gondwe: I will make a statement

Gondwe said he had not informed parliament because of the court injunction which some MSB staff members obtained against the sale. The court order has since been vacated after Attorney General Kelekeni Kaphale challenged it.

The Finance Minister said he has since requested the leadership of the House to give him time to make a statement on the history of the MSB sale and what it means to replace toxic assets with promissory notes.

Gondwe was taken to task by opposition members of Malawi Parliament (MPs) to confirm that the bank sale to FDH Investment of Thomas Mpinganjira will be completed on Wednesday, according toSalima North West MP Jessie Kabwila (Malawi Congress Party-MCP).

Kabwila also took Gondwe to task on why government had not informed parlaiment on the decision to bail out some borrowers who created toxic assets in the bank’s loan book before the sale.

Those who have been bailed by government are mostly members and financiers of the Democratic Progressive Party (DPP) .

Kabwila warned: “We are prepared to do anything until we have satisfactory answers. We want some answers.”

Gondwe said most of the issues being raised did not contain “actual facts.”

According to Finance Minister, there are at consultations currently taking place but did not elaborate.

President Peter Mutharika was under fire from various commentators for failing to tackle the MSB issue in his State of the Nation Address which he delivered in Parliament last week.

But Leader of the House, Francis Kasaila, defended the President, saying the matter will be handled by Finance Minister.

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Henderson Tepeka

MSB yapita koma ndalamazi muzatha kudzidya ? Look what ar the benefit of selling Msb? Kodi anzanga ndiyankheni or help me iz this happening in other countries in Africa? Zachisoni


Tiyeni nazo boma langanga limenelo

Frank Ndili

We should not beat about the bush here: whatever technical justification Gondwe will give for the sale of this bank, they are only justifying why they want to steal. Mutharika ndi anzake onse mu cabinet na kawalala. It is very encouraging that parliament, CSOs and the general public are eager to act in order to stop this madness stirred by the highest office in the land. This is a scandal and Gondwe must resign! DPP is taking Malawians for granted.


Koma zili kwathu ku Malawi su nganvetse kugulitsa MSB popanda proper consultation with thé paliament and thé public opinion its daylight roberry onother cashgâte zomasankha nkhalambazi kukhala nduna ya zachuma sibwinoyi Thérè are brilliant young éducated malawians that can take malawi’s économy forwerd Gondwe your too old for thé job

The Most Concerned

No word can revert this. Remember the controversial sell of Mapeto Davidwhitehead.It went ad cheap as 4million


Mmmmmm….koma anthu angabe dzuwa likuwara…tatipaseni maina ya anthu onsewa akuba a DPP, please.


kkkkkkkkkkk……zili ku nyasaland


Goodall, kudyelera dziko mwadyelera koma vuto lanu ndi chani? Basi mukufuna kuti mudzagwere anthu mmaofesi? Osamayetsa dala mtundu wa Malawi. Anthu ambiri panopa akuvutika chifukwa chokonda kugulitsa ma company a boma koma inuyo zimakupindulira koma anthu wamba palibe chimene amapindula nacho. Kodi matchonanu bwanji otsabwelera kumene munali coz here we have young intelligent economist amene atha gudwira bwino ntchito kuposa Goodall. Apatu Amalawi tikufera mbiri osati mnzeru.

The following is why Malawi does not develop: (a) There is a clique that has so much power that they influence what happens in politics and economics of the country.The motive they use is personal gain and they dont consider the ordinary Malawians.Unless Malawians are able to identify the group that holds the country hostage to its whims, we will never move forward because these people keep getting hold of any party that comes to power and further their wants and whims. (b) The country runs on serious discreminatory policies of certain groups of people because they feel it is… Read more »
John Yosefe

Goodall and late Kalonga Stambuli trickery made Whitex [DWS] sold to Mapeto amid protests from employees and public. Goodall is mafia and this company [MSB] is gone. You can’t stop Goodall. Mwachepa kwambiri

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