Email a copy of 'Salient issues on sale of Malawi Savings Bank' to a friend
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Email a copy of 'Salient issues on sale of Malawi Savings Bank' to a friend
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Silver Strikers have agreed terms in principle with Blantyre United on the possible transfers of Victor ‘Vibrey’ Limbani and Tigzowere...
Tifuniranji UMBONI wina. Mulli alone owes the Bank K4billion. The Bank needs almost the same amount to comply.
So why not push for the collection of the debts?
Monga boma can not manage to provide K4billion plus to enable the bank keep afloat?
Why should Government choose to lose K43billion worth of Assets for failing to provide just K4billion and choosing to get K800 million instead from the sale?
Very informative. The writer took time before writing this article. Good job and please keep it up.
IFE KWATHU NDIKUONERA
Tamukankhani poni pampando uyo akutsogolela zogulitsa MSB basi ngati zingotelo basi zinthu zavuta ndie kuti bomali lasowa zogulitsa eti bwanji osagulitsa state house kuti lipindule zeni zeni. Eeeeshi koma kumalawi lachuka ndi dyela uyu akuti goodall u simunthu ai koma chaphwanya kaki man
All malawians of goodwill let’s organise a meeting in lilongwe and map the way forward.Lets not waste time pointing fingers at anybody before we find the root cause.
Let me respond to the proposals put forward by the editor. 1) You suggest that government pumps in K4bn. Am saying categorically no. Dont waste my tax money in paying for inefficiencies in MSB. 2) you say management of the bank should be tasked to improve. This cant work. All these years they have been failing. We want new management. 3) you want RBM to be directed; by who?? RBM operates independently from government. 4)…
Koma anthu a nsanje inu why didn’t you apply when the tender was put in papers??? Did anybody bar you?
Govt must keep the bank and ensure that Mulli and others pay all their debts.
I agree with the many points raise by the writer. However, I do not agree that the bank should be sold through the Stock Exchange. The problem is that only rich few Malawians will buy the shares, leaving the majority Malawians suffering. Let govt recapitalize it and run it.
It is assisting many Malawians in the rural areas because it has lot of outlet. It is also not true that govt should not run the bank. Many govts run banks. Just google the countries.
Anthu inu Bank iyi ndi yadziko chofunika tivote basi kuti malondawa ayende