Mwanamveka’s tragicomic Malawi Budget: A case of bittersweet symphony of life

Perhaps Finance Minister Joseph Mwanamveka should have had a word with Friday Anderson Jumbe, Malawi’s purse keeper between 2002 and 2004. In presenting the 2003/04 National Budget, with the 2004 general elections in mind, Jumbe admitted being a stressful man. “There is nothing difficult than developing a national budget and, even worse, presenting to the […]

Friday Jumbe, Phillip Bwanali back in court  for K11m corruption case

Former ministers  Friday Jumbe and Phillip Bwanali will be back at First Grade Magistrate’s Court in Lilongwe on Wednesday Septmber 19 2018  for the stalled case in which they are  alleged to have abused K11 million from government in 2004. The funds allegedly disappeared from the Sports and Culture Trust Fund when Bwanali was minister […]

Friday Jumbe quits politics for evangelism, farming

Former minister of Finance Friday Jumbe who contested in 2014 presidential race as candidate for New Labour Party has said he has decided to quit front-line politics and focus  on  things that will bring forth the greatest spiritual benefit to his life. Jumbe ruled out contesting in 2019, saying his focus now is on evangelism […]

Malawi govt denying Chilumpha justice, asked to conclude Jumbe and Bwanali case -PP

Malawi government has asked to free  former Vice President  Cassim Chilumpha, who is facing the treason charges together with politician Yusuf Matumula, for allegedly plotting to assassinate late president Bingu wa Mutharika, after the case has stalled. The government has also been asked to speed the wheels of justice  in the the trial of former […]

Jumbe contradicts Mphwiyo on Malawi govt payments: Testifies in Cashgate shooting case

Former minister of finance in the United Democratic Front (UDF) government, Friday Jumbe has contradicted former Budget Director Paul Mphwiyo on how government payments are authorized, saying a budget director has no mandate to make payments. .One of the accused person in the shooting of former budget director in the ministry of finance Paul Mphwiyo,  McDonald […]

Kumwembe to parade Jumbe, Makande as witnesses in Mphwiyo case

One of the accused person in the shooting of former budget director in the ministry of finance Paul Mphwiyo,  Mcdonald Kumwembe has mentioned former minister of finance in the United Democratic Front (UDF)  government, Friday Jumbe and former Peoples Party official Hophmally Makande as some of his witnesses to testify in court as he enters […]

AG rejects Jumbe’s K584m demand from Malawi govt: ‘No contract on bank job’

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 […]

Jumbe job hangs as Malawi development bank stalls, Medf under review

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 […]

Jumbe, Bwanali bid to remove Justice Kachale fail: Trial April 23

Judge Chifundo Kachale will continue to preside the case in the Lilongwe Magistrate Court the trial of former ministers of Friday Jumbe (Finance) and Phillip Bwanali (Sports  Culture), who were implicated in the theft of K11 million from the Ministry of Sports in 2004 after the High Court dismissed an application by two former ministers […]

Jumbe, Bwanali back in court over K11m theft case

After years of case stalling, former minister of Finance Friday Jumbe and former minister of Sports Phillip Bwanali will be back in the dock to continue answering charges of theft of K11 million from government through the Sports and Culture Trust Fund. The Director of Public Prosecutions (DPP) Mrs Mary Kachale has reaffirmed the accusations, […]

Jumbe CEO of Malawi Development Bank

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 […]

Jumbe heading to Africa Development Bank: Mkwezalamba to IMF

Malawi economist and former finance Minister Friday Anderson Jumbe is heading for a post at African Development Bank (AfDB) while another former finance minister Maxwell Mkwezalamba has been picked as International Monetary Fund (IMF) executive director. Jumbe, who contested for the presidency in May 20 elections under the New Labour Party and lost miserably, stepped down […]

Jumbe says Mutharika told not to be lavish

Former finance minister and one of the May 20 flops in the presidential elections, Friday Jumbe has said political leaders who met President Peter Mutharika on Thursday at Sanjika Palace in Blantyre advised the  Malawi leader to avoid being extravagant on hard- earned  tax payers money. Jumbe said they advised Mutharika to implement fiscal discipline […]

Mpasu, Kubwalo dispute Jumbe’s declaration, says NPL still existing

New Labour Party (NPL) executive members, led by former cabinet minister Sam Mpasu, have condemned and disputed former party’s leader Friday Jumbe’s declaration that NPL has been dissolved. Addressing a news conference, Mpasu, Joseph Kubwalo, Alex Solanke and three others rejected Jumbe’s declaration and that they were not part of the decision to dissolve the party. “The […]

Jumbe quits frontline politics, New Labour Party dissolved

Friday Jumbe, Malawi’s former finance minister,  has announced the disbandment of his New Labour Party  with immediate effect. Jumbe said the decision has been made after the national executive committtee for the party met in Blantyre Tuesday morning. He said after analysing the government led by  Peter Muntharika and his party (DPP), they feel what was in their manifestos […]

Friday Jumbe for Malawi presidency: A book must not be judged by its cover

Friday Jumbe is one of the most interesting Malawian politicians vying for the country’s presidency in the May 20 tripartite elections, Nyasa Times’ Special Projects & Supplements Editor Pius Nyondo delves more into the life of Friday Anderson Jumbe – the man. Jumbe a personality tainted with everything that would make an upright politician wobble down to nothing. He has, […]