MPICO seals offices for Malawi government project over K20m rent arrears

Malawi Stock Exchange listed firm MPICO has sealed offices for Mining Governance and Growth Support Project (MGGSP) for the project’s failure to settle rental arrears amounting close to K20 million.

MGGSP is a government funded project established in 2013 to improve efficiency, transparency and sustainability of the mining sector in Malawi.

Information gathered by Nyasa Times indicate sheriffs sealed the project’s offices, situated at Chief Kilipula bulding in Lilongwe’s Old Town  on Thursday, October 18, 2018 following several futile attempts by the property investment company to get its arrears amounting to K19 231 733.00

MPICO management confirmed the development but refused to divulge more details.

Malawi government has been struggling to pay many of its landlords including MPICO, which is reportedly owed billions by the government.

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3 years ago

All we hear these days about mining is disaster. If there is one successful mining venture, know that some big fish at DPP has a cut in it. I new about the Kangankunde mine in Balaka ( or is it Ntcheu) way back in the seventies from a Mr. D B Akim. The tests are still going on, 48 or so years later. One of these days we will be told all the stones are gone. So what is the relevance of this MGGSP? MPICO should permanently seal it for all I care. Staff there are typical of people earning… Read more »

3 years ago

Mining is a disaster in Malawi, there are no effective guidelines. Just as well shut down this office completely, total waste of government money. We can practically shut down the whole government and still run as a country that’s how useless it is. They already c shut for two weeks during xmas only to open bcoz they are broke, no allowances and deals but not that bcoz work came to a stand still. Until the day we have right leadership who have genuine interest to change the country and make those poor villagers enjoy good life we are doomed.

Jerome Banda
Jerome Banda
3 years ago
Reply to  Moya

Moya, be reasonable and fair when commenting on issues which apparently you have no full knowledge about. Please, comment like a human being with a human heart – not a beast with a satanic heart.

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