Attorney General Kalekeni Kaphale has rejected a claim from former minister of Finance Friday Jumbe of about K584 million as compensation for ‘unfair dismissal’ from the yet-to-be-established Malawi Development Bank. Jumbe was fired from the post of chief executive officer (CEO) at the bank and is seeking damages for ‘unfair dismissal’. Finance Minister Goodall Gondwe […]
Malawi has put on hold plans to establish state owned Development Bank after cooperating partners, particularly those interested in financing, have suggested that instead the government should consider establishing a development fund, Finance Minister Goodall Gondwe said on Friday. Gondwe made the disclosure in parliament when he was delivering the country’s financial plan for 2015/16 […]
Economist and former finance Minister Friday Anderson Jumbe has been appointed as chief executive officer of the government-owned Development Bank of Malawi (DBM) which is expected to start its operations soon to support long term strategic investments for the country. Jumbe, who contested for the presidency in May 20 elections under the New Labour Party […]