Malawi Posts Corp staff salaries delay

Malawi Posts Corporation (MPC)  employees will have to wait a little longer before they get their October salaries.

Rev Mbolembole MPC chairperson:  MPC obtained a K700 million bank loan using its office complex in Blantyre as collateral to buy seven buses from China

Director of Finance and Administration Noel Fole says in a memo dated October 30 2019 that the loss-making parastatal was hoping to pay the salaries on time but other sources of finance that they were counting on did not come through.

“Management is looking under every stone to ensure that the salaries for the month are paid without much further delay,” says the memo.

This comes at a time when the parastatal has made huge investments in acquiring buses for transport business, a business venture some analysts say is likely to flop owing to the many private buses plying the roads.

MPC obtained a K700 million bank loan using its office complex in Blantyre as collateral to buy seven buses from China.

The procured buses  are part of MPC’s business plan to expand its revenue base.

Postmaster General Henry Shamu said MPC is losing at least K500 million per year due to some loss-making post offices. He said the corporation has 180 post offices, but only 30 are making profits.

He said they have to be “innovative to remain relevant on the market; hence, the purchase of the buses.”

Five years ago, MPC operated minibuses for courier and passenger services, but the business flopped and the minibuses were disposed of.

 

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MASO ENA
MASO ENA
1 year ago

CHECK TOP LEVEL MANAGEMENT OF THIS LOMWE PARASTATAL, THEN YOU WILL KNOW THE REASON BEHIND IT’S POOR PERFORMANCE. IT’S NORMAL FOR LOMWE PEOPLE TO PERFORM POORLY!!

Mtete
1 year ago

To be raw, I feel very sorry for this one time vibrant service provider. What can you post these days with internet, courier services etc, being the modern way of communicating?

Moya
Moya
1 year ago

The loan is just another cash gate. The revenue from bus business will be siphoned out and the buses sold to DPP thugs at a give away price. We know this path.

Mpale Weniweni
Mpale Weniweni
1 year ago

Mr Postmaster General just close those that are making losses. Lack of visionary leaders is what killed MPC. The organization is very vital for development of the country. In Kenya for example post offices are still vibrant and it is the main player in internet service provision. Take time to learn from your colleagues in Kenya but the way l know Malawians they will just try east Africa hub just for allowances, nyama choma and fucking swahili girls in Nairobi’s well patronized night clubs. Ku Malawi kuno school sinatithandize. People with good qualification but very useless leaders in society and… Read more »

Zangaphee
Zangaphee
1 year ago
Reply to  Mpale Weniweni

Talk of visionary leadership. This organisation is a dead horse. Buying buses is not a solution. Bus ina yagwa kale

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