Malawi okays street protests for MSB sale: It’s ‘red army’ demo

Authorities have approved that Malawians under the banner of ‘Concerned Citizens’ can go ahead to demonstrate this Friday and petition Speaker of Parliament in Lilongwe over the impending sale of state-owned Malawi Savings Bank (MSB).

Red army: Back in the streets on Friday

Red army: Back in the streets on Friday

Opposition lawmakers claimed in parliament that government wants to hand over the bank to FDH Bank, owned by Thom Mpinganjira, whom MCP MP Peter Dimba described as “Mutharika’s crony, tribesman, DPP campaign financier who sits on the public reforms commission.”

The ‘Concerned Citizens’ are also against government’s move to clear toxic loans totalling K6 billion owed to the bank by private sector players.

Billy Mayaya, one of the organisers, told Nyasa Times that they have informed police and Lilongwe District Commissioner to hold the peaceful protests.

Mayaya said they will express their “anger”  describing MSB sale deal as similar to Cashgate—the systematic plunder of billions of kwacha from Treasury.

The activist said the demonstrators would gather around Area 18 Roundabout and proceed to the Capital Hotel Roundabout and make a U-turn up to the National Assembly where a petition will be read out and handed over to the Speaker, Richard Msowoya.

“From there, we shall proceed to Capital Hill to the Ministry of Finance where we shall read out another petition, which will be handed over to the Secretary to the Treasury Ronald Mangani. Thereafter, demonstrators will peacefully disperse.”

He said those taking part can wear anything red.

Mayaya said the protestors will demand that those who defaulted must repay their loans, failing which “their assets must be seized.”

Major on the list of the toxic loans, which government has taken over, is the Mulli Brothers Limited (MBL) loan, which stands at K4 969 043 316.93.

Other defaulters included Varibo Spirits—owned by Duncan Kaonga—at K397 763 522.07, KJ Transways owned by a Mr Mkumba has a K172 536 106.23 loan that has not been serviced, Ganizani Transport owned by Charles Fungula owes the bank K97 908 785.35.

MSB is owed K83 960 954.29 by Maranatha Institute of Education of Ernest Kaonga, K71 220 602.47 from Consolidated Building Contractors owned by Peter Mhone, K69 776 370.81 from CK Construction of Chester Makuwira.

The bank is also failing to collect K68 034 537.28 from Fincoop, K65 910 536.30 from K’s Investments owned by Bintony Kutsaira, K30 717 180.76 from MGI Trading of Macpharen Mpeta Phiri, K27 179 448.51 of Injena Petroleum Limited, K20 722 510.70 of Angel Wings owned by Angel Chaponda Nazombe and K12 782 074.13 of Eranive Trading for Fanny Joshua.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

48 thoughts on “Malawi okays street protests for MSB sale: It’s ‘red army’ demo”

  1. Ndiye muziti Kamuzu anali dictator,marubbish ngati awa sibwwenzi aliko,.Malawi now needs such kind of aleade,tatopa nazo odya thukuta lathufe mweeee

  2. cbk says:

    let it be but cashiers are stupid molons who dont respect customers especially at msonkho house.there is a stupid G4S guard who dont respect customers.change him otherwise customers will hit him.just a warning.

  3. Zidura Ntengo Undigwere says:

    Even though most Malawians would rather have the government handle the loan issues differently, they do not feel protests will achieve much in this issue.
    CSO bosses have found what they call their calling, and will do anything that impresses their funders, overseas. And watch who will be demonstrating: it will mostly be MCP supporters, aganyu ndi malova (unemployed, temporarily hired for that job) just to bolster the numbers! And some disgruntled functionaries from PP, that sad sack party, soon to disband.
    We will check the results of the demo, later in the day.

  4. Gule Wamkulu says:

    I am shocked with the lack of personal integrity by the people leading the demonstration against MSB sale. For starters, Billy Mayaya, Rev Sembereka and others stole money from HRCC. Currently, no donor is willing to fund HRCC before these guys masquerading as “saints” have repaid the loot. I suggest that Billy Mayaya should organise a demonstration against the looting at HRCC and demand that all looters should pay back the money now!

  5. The Patriot says:

    Business tycoon koma ma toxic loans ali tho! Ma contracts a boma onse mukutenga nokha komanso nkumalephera kubweza ma loan ku bank? Ntheradi ndithu muzamva kuwawa tsiku lina, ana a Mulungu sangakhake kulira chifukwa cha inuyo basi! Dyera lanu lidzakutsatani ndithu!!!

  6. Come on Malawi dont leave them

  7. PA MALAWI says:

    Government needs money and if u want to sell the bank without collecting from those who owed that money which means you are belongs to, and u eager to collect it besidely. Apeleke kaye ngongolezo aboma mwatani kodi?

  8. max1981 says:

    inenso bola ngongole yanga asiye kundidula more over yanga ndiyochepa

  9. Kulibe kantu says:

    Demonstrations are part of human rights. Plz dont write that “authorities have approved people to march”. They were only informed. They can’t stop it. If journalists these simple issues then we have problems

  10. Afana says:

    Problm after problm shame..

  11. ngongole ndalephera kubweza says:

    palibenso kuchoka mu street mpakana agalu amenewa abweze ngongolezo basi
    msonkho wathu sungabweze ngongole zawozo ife tikuvutika ndi moyo.

  12. mungatitani says:

    kodi 92 billion ilikuti nanunso a MDF mungoya’ngana basi anzanu akuthemula koma ena 6 akuwabwezera what nepotisim

  13. SALIMA BOYS says:

    Its so Bad and Sad,I don’t know what to say Either….

  14. Guley says:

    You mean MSB cannot reposses one Injena filling station to collect 23million? Koma munthu wamba nde kumulanda nyumba. Ma minister a nthawi ya UDF akutuwa mmakukamu kamba kangongole. kumayenda pansi pomwe a Varibo akudya ma sausage ndi kuyendesa ma company ku Mozambique.

  15. Omex70 says:

    DPP, the party of crooks.

  16. chinyotho says:

    Popeleka ulemu kwa a Ngwazi omwe anali mtsogoleri wa dziko lino, mawa tonse akufuna kwabwino motsogozedwa ndi baba Tembo tipita ku gweru kukalemba khoma kuti Kamuzu was here.

  17. Leroz says:

    SHAME ON YOU PETER AND YET ANA KUTUPA NDI NJALA. UPHAWI WOSATHA. YOU MUST BE VERY STUPID. LET RECOVER THESE LOANS AND BUILD OUR MALAWI. SIMUCHITA MANYAZI MUKAKAYENDA MAIKO ENAWO. PETER MUTHALIKA THINK TWICE IF YOU ARE A HUMAN BEING AND A MALAWIAN

  18. Dr. Godfrey Ganizani Mvuma says:

    Malawians, you are already reaping the fruits of your senseless voting. What the government is trying to do here is pure criminal. You cannot bail out individuals loans using Tax Payers money. That is day light robbery. These leaders are not leaders but THUGS. It pains some of us. How can those in power do such a felony while citizens are watching Phwii. Why do you allow crooks to run the country, you Malawians? Disgusting.

  19. Twaniche says:

    Is Maxon Mbendera alive? Does he see what he did to Malawians?? Mark my words Mbendera, one day u wil pay 4 this betrayal u made to malawians.

  20. Eya! says:

    Number 6 Bille wabodza ngati Aleke Banda. Mbuyawo ngati iwe udavotera DPP iwe?

  21. NGANALI KOMBWEKE says:

    One thing I like most about this activist called Bily Mayaya ndi chakuti ndi munthu amene samakondela pa maboma onse amakhala akulamulira dzikoli kusiyana ndi amambala enawa monga: Kapito, Undule, Dorotihy Ngoma, Martha fucking me (kwata ine) ndi ena

  22. matthews says:

    Mulungu akuona zonsezi.

  23. zakakaliya mulopwiya says:

    Mmmm zovuta pa Malawi

  24. ujeni says:

    DPP wants to dupe Malawians by bailing out Mulli and handing over the bank to Thom Mpinganjira who is a DPP financier. In this way the banks goes to DPP in a crooked way and it becomes the parties cash cow. Thieves doing what they know best.

  25. Tiyeni nazoni a Malawi

  26. Koma amzathu amwayi I wish my loans could be toxic too ,koma dzikoli ena akumva kukoma ,I ll join politics at all cost

  27. Cholapisa says:

    We ourselves, we are to blame ;( & hop the mistake we dd iz costing us now.

  28. Fraction says:

    If the sale is masking these kinds of loans, then this is nonsense of the highest order. These defaulter must pay like all of us pay our small loans. Why should Malawians bear this?

  29. opportunist says:

    Tiyenazoni

  30. CHEKUCHEKU says:

    Kayendeni Agalu Inu. Or Agulitse Or Not Miyoyo Yanu Isintha? Muyende Wapansi From Kumpoto Mpakana Kummwera Tione Ngati Mupindule. Amabungwe Munali Kuti Mmene Mayi Wamikanda Uja Amaba Ndalama Mu Cashgate? Munangoti Pheeeee! Pano Muli Nyonyonyo Mapazi Anu. Kayendeni Or Mutamayenda Daily Tilibe Nanu Ntchito……..,,,,,,,

  31. Jk says:

    Please government of malawi punish those who are responsible to pay back loan akati ngongole ndiye kuti uzabweza zomwe unatengazo plz pay back money iwe muli nda anzakowo

  32. Blunt Truth says:

    The demonstrations are fully justified. Peter Mutharika has made a terrible decision.

  33. Nyirongo Batwell says:

    Koma paja timakhala ndi nthawi za ma demo basi. Govt has sold Inde Bank sitinamve chilichonse. Apa ndiye tagundika. Koma timakhala ndi nthawi yotaya kwabasi. Kukumana naye Mayaya anenedwayo akupempha K10,000 umangoti shaaaa this is Malawi.

  34. Asset Declaration says:

    The worst blunder by govt since independence!

  35. Hmmmmmm koma kuli mavuto, the rich are getting richer while the poor are poor, our politicians does not care about people who vote for them, they are just milking the poor. How can a country develop? I cry for my beloved country. God is watching.

  36. Mtunda says:

    Zovuta kumvetsetsana! Tiziona mmene zithere!

  37. Dr Moo Tha Leeker says:

    Whats so special wit Mulli. Zaku mac hende nje takana. Nyerooooo ayi. Zakumtumbo ayi. Wamva Goodall Gondwe ndi nzako mathanyula

  38. Patrick Nkhoma says:

    Looking forward with your results after demos!

  39. Sidre austin says:

    Ife za chambazo ayi.ndiyamalawitu.

  40. wamaka says:

    The same judge who robbed malawians of votes by denying MEC to recount votes!!!!!!!!!!!!!

  41. TATI says:

    Boma la mbava ili,mtengo omwe akugulitsa bank ili ochepa kuyerekeza ngonolezo,anthu amenewa abweze basi timadabwa kuti chuma chimenechi akuchitenga kuti?

  42. Tambala says:

    Tiyenazo Billy!!!

  43. bille says:

    Ready for anything…Guys let go and claim our vote back, beacuse this has been a deal that we have been waiting for … Let do everything possible to get our right back…izi nde madness boma likupanga.

  44. bhizo says:

    what is wrong with malawians how are we going to develop if the wealth is alwez divated to the same rich people. how can the government refund these money while the poor are still crying thats not true we should indeed demostrate to show our anger and we should not stop until justice must take its course

  45. Ngungudya says:

    Go go go red

  46. Akatswiri says:

    The Petetion should also handed to District Commissioner Lilongwe.

  47. Kadakwiza says:

    Good to hear

  48. YOLANDA says:

    20 july yabweranso.kkkkkkkkkkk

Comments are closed.