Email a copy of 'Misinformation, fallacies, reality about interest rates capping' to a friend
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Email a copy of 'Misinformation, fallacies, reality about interest rates capping' to a friend
Kachila Youth Initiative has introduced cook stoves built using bricks to 3 000 households in Karonga through a project worth...
The solution is Islamic banking. All these problems will fade out automatically
I suggest the majority of our MPs have little knowledge of how the economy operate. How can the interested parties influence withdraw of such a critical important bill tabled in parliament on their watch???. MPs must understand that they are custodians of development at all levels and their successful performance must be measured in the quality of the livelihood of their constituents. These constituents rely on loan capital from banks where the rate of interest is punitive and killing and therefore crippling the whole economic wheel. Interest capping is not phenomena in global economic stage and works perfectly in most… Read more »
In Australia, the collective term for a group of bankers is a ‘wunch’ – ‘a wunch of bankers’. This article shows why.
Malawi Malawi Malawi in policies that do not consider citizen empowerment. This is the only country in the SADC region, where legislators put aside bills meant for citizen empowerment and put first bills meant for their personal gain .
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Last time National Bank presented its annual turn over in billions, myopic Malawians thanked its share holders and management for the ” success”. I was mad at them and I nearly cut my throat. How can poor Malawians cerebrate success that threatens their economic livelihoods? There is a cartel here that bribes monetary policy makers. The losers are Malawians. I cant imagine MPs opposing caps and yet their constituents are are in dire need of affordable loans. They take advantage of the low literacy levels of poor Malawians. Unfortunately I see that most of those hypocrites are returning back in… Read more »
Not only their constituencies, they in fact are in dire need of loans themselves after leaving office (losing elections). Most of them actually become miserably poor.
Rejecting a bill of such relevance is not only naivety but myopic foolishness of its highest order. Typical of selfish people who only think about today.
Support hashtag #KDInterestratemustfall#
Banks in Malawi you borrow in name of investments but you get poorer in loan repayments paying more than you borrowed!