Minister faults Reserve Bank of Malawi on Fisp

Minister of Agriculture Allan Chiyembekeza suspected a foul play on this year’s Farm Input Subsidy Program (Fisp) which experience some hitches  with some districts not yet provided with the coupons or fertiliser for distribution despite it being rainy season.

Chiyembekeza:  Foul play
Chiyembekeza: Foul play

Chiyembekeza in an interview monitored on public broadcaster MBC, questioned the delay by the Reserve Bank of Malawi (RBM) in issuing out letter of accreditation to approved Fisp distributors.

The Agriculture Minister said the listed distributors need letters of approval from the central bank to purchase  the needed fertiliser for distribution.

“For whatever reasons, there have been delays by Reserve Bank in issuing the letters to the accredited distributors. This affected the distribution of the farm inputs,” Chiyembekeza noted.

He, however, hailed the progress the program has made this year despite the hitches.

Government is expected to spend about K60 billion for this year’s Fisp, which is a program designed to assist subsistence farmer achieve food security at househld and national level through provision of cheap fertiliser and other farm inputs.

Major suppliers included the parastatal, Agricultural Development and Marketing Corporation (Admarc) and Transglobe Produce Exports Limited. The other one is Export Trading Company Limited.

Some of the country’s accredited local companies to distribute this year’s Fisp include Simam,a Lab Processors, KU Investment, Mulli Brothers Limited and Small holder Fertiliser Revolving Fund of Malawi (SFFRM).

Mulli has bounced back after  t he governing Democratic Progressive Party (DPP) of President Peter Mutharika reversed the directive  the People’s Party (PP) administration directed all departments and ministries to stop doing business with the company.

Government issued a memo dated August 22 2014 and addressed to all government institutions in which it stated that the ban against Mulli was no longer in force as it had been the subject of costly litigation on government’s part.

Mulli Brothers is owned by Leston Mulli and family, a known DPP sympathiser and close ally of former president the late Bingu wa Mutharika.

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innocent
innocent
6 years ago

nosense.zuma kuno zamuvuta cashgate zuma

Steve Cyrus Mhango
6 years ago

Dont comment for the sake of commenting.Its these contracts that dfrauds our tax.Leave RBM do their scrutiny,its not their fault but government’s failure to plan and award contracts on time.Bravo RBM-scrutinise these dubiously awarded contracts to some of the so called companies ie Mulli, Simama, Export Tradng,the list goes on!Protect Our Hard Earned Tax from Exploitation!

Kalulu
Kalulu
6 years ago

Reserve Bank its a failure – it facilitated cashgate and it wants to haunt Malawians again. Bwana APM do something with this LISEVU so that it comes the genuine Reserve Bank of Malawi the one that can support you to the betterment of this country not otherwise.

Jabulosi
6 years ago

Bwana minister Finger pointing won’t make you deliver, Do your homework and perform!!! Out there people want coupons, seeds and fertilizer period!!!!!

jacob chitseko
jacob chitseko
6 years ago

goog and fine now that you have known what next ?

Gunz
Gunz
6 years ago

A Minister can you tell us why a RBM achedwetsa, sakuopa cashgate ina amenewo? With proper documentaion and clearance, why should they delay. Timva.

peter
peter
6 years ago

The government has no resources intermes of money

curious
curious
6 years ago

Koma forex muli nayo?

Alfred Munduwabo
Alfred Munduwabo
6 years ago

A government blaming it’s own Reserve Bank ? Why ?

O
O
6 years ago

Tchuka playing dirty politics of his mum joyisi. I don’t know why the government is just watching him messing up very important issues like that of exchange rate regime and fisp.

kabaka mutesa
6 years ago

Tilibe mtereshede

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