Malawi to pay Time magazine K295mil for positive stories – Finance Minister confirm

Minister of Finance Goodal Gondwe has confirmed the government of Malawi made an agreement with Time magazine to publish positive stories for President Peter Mutharika and the country would pay 295 000 pound sterling ( K295 million).

Gondwe: There is an arrangement to pay £295,000 to Time magazine

Gondwe: There is an arrangement to pay £295,000 to Time magazine

According to press report, Gondwe confirmed Malawi engaged the UK-based firm Business Outlook to create a package that would be used to sell the country’s potential for investment on the global stage.

As part of the deal, the company arranged for the publication of several articles in the magazine between November and December, quoted at 295 000 pound sterling (K295 million).

“We made an agreement that Time magazine should run the articles as a forerunner to the President’s (Peter Mutharika) trip to the African Global Summit in London,” Gondwe confirmed as quoted by a local newspaper on Sunday.

“We agreed that we will pay 295 000 pound sterling. This money will be infused into the Ministry of Information, Tourism and Culture vote during the mid-year budget review around February this year. The law allows us to spend sometimes outside the budget but regularise it whenever the august House meets,” he said.

The Finance Minister told the newspaper that the deal was being handled by ministries of Information alongside Trade and Industry

Among the articles that were published in Business Outlook under special advertising section were eight pages themed as Malawi up and open for business, Private sector to be engine for growth, Reforms helping to expand investment, Agriculture the economic bedrock, Malawi a mining country, Infrastructure; economic priority and well connected, safe and beautiful.

Director of Information Bright Molande confirmed the ministry received an invoice for K295 million from Business Outlook but denied formally engaging them to render services to the ministry, according to the report.

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djeez uja ndi ine
Guest
djeez uja ndi ine
8 months 13 days ago

zaunve bas!!! big fools this is another cashgate scandal in 2019

musekanji palibe kanu
Guest
musekanji palibe kanu
8 months 13 days ago

MR IBU nde mwatiyenjeza

jj
Guest
jj
8 months 13 days ago

Good initiative bwana..Thats part of counyry profiling for Malawi.

Kingster Bella
Guest
Kingster Bella
8 months 13 days ago

MALAWI, A NATION OF CROOKS & LOSERS..
SHAME! THESE OLD MINISTERS WILL DIE IN THEIR CROOKEDNESS. DEFENDING THE INDEFENSIBLE CROOKEDNESS. MAKING SAME MISTAKES OTHERS HAVE MADE BEFORE.
YOU’LL PERISH AT OUR WATCH AS YOU PLUNDER THE NATION..

cimanga mfiti
Guest
cimanga mfiti
8 months 13 days ago

stupid bastards idiots and a bunch of nikompops

whatever
Guest
whatever
8 months 13 days ago

Wait lets ask Times

sam
Guest
sam
8 months 13 days ago

kwacha aku agwa chifukwa zimenezo aku ntaye forex, tifika 700 to a dollar

Jabu
Guest
Jabu
8 months 13 days ago

Just let the works of your head speak for you, you wlil get all the publicity you need freely world wide

Kwangu
Guest
Kwangu
8 months 13 days ago

Palibe nkhani apa

Mwenecho
Guest
Mwenecho
8 months 13 days ago

Kkkkkkkk, financial mess i guess

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