Two former senior cabinet ministers who are serving parliamentarians in the deposed Democratic Progressive Party (DPP) Professor Peter Mutharika led administration, Ben Phiri and Joseph Mwanamveka have been arrested. Highly placed Police sources at National Police Headquarters, Area 30 in Lilongwe have confirmed to have arrested former minister of Finance Joseph Mwanamveka and former Local […]
Former ruling party, the Democratic Progressive Party (DPP) vice president for the north Goodall Gondwe was helped this afternoon to climb up steps to see party regional governor Christopher Mzomera Ngwira who handed himself over to police in the morning, ending weeks of police manhunt. With a blue face mask covering his face, octogenarian Gondwe […]
Chief Economic Advisor to President Peter Mutharika, Goodal Gondwe has called for peace, unity and development when he spoke as a guest of honour at the Christmans luncheon and prayers in NkhataBay. Stressing the importance of remaining peaceful, Gondwe condemned all forms of violence regardless of provocation. Gondwe, who is also vice –president of governing […]
Wrapping up five days of relentless cross-examination of first petitioner Saulos Chilima in the historic elections case, Attorney General (AG) Kalekeni Kaphale told the five-judge panel of the High Court sitting as Constitutional Court in Lilongwe that the audience in the public gallery were murmuring against him. Kaphale, representing Malawi Electoral Commission (MEC), second respondent […]
Defiant governing Democratic Progressive Party (DPP) officials in the north on Sunday held their political rally at Karonga freedom park despite opposition moves to foil the rally. Ealier, some people, believed to be Malawi Congress Party (MCP) operatives, burnt car tyres just hours before the rally. DPP vice president for the north Goodall Gondwe asked […]
Ruling Democratic Progressive Party (DPP) officials in the north were shocked to see burning old vehicle tyres at a political rally site in Karonga. An unknown people have set the tyres at Karonga community centre ground where the party vice president for the north Goodall Gondwe and other party officials were expected to hold a […]
Minister of Finance, Economic Planning and Development Goodall Gondwe who dislosed last year that government has signed a deal with a financier of the K400 billion Lilongwe-Salima Project, effectively putting on course the project that faced several hurdles, has said the contractor Khato Civils is negotiating with new financier. Gondwe is on record to have […]
Malawi’s inflation rate is likely to go down to 8 per cent by the end of this year (2019) if the government follows key principles by the International Monetary Fund (IMF). The inflation rate is expected to go down further to 5 per cent in the next three years coming. Speaking to journalists at Parliament […]
The International Monetary Fund (IMF) has given a positive economic outlook for Malawi after conducting discussions with the Malawi Government on the second review of the three year arrangement under the Extended Credit Facility (ECF) amounting to US$112.3 million. IMF Mission Chief for Malawi, Pritha Mitra told journalists at Capital Hill in Lilongwe that Malawi’s […]
The International Monetary Fund (IMF) has warned that Malawi is at growing risk of debt distress because of heavy borrowing, advising government to keep borrowing to a minimum and only procure loans that are concessional. IMF mission chief Pritha Mitra said this at the completions of the second review under the Extended Credit Facility. The fund […]
Minister of Finance and Economic Planning Goodall Gondwe has told Parliament that government has spent less than what was projected in the 2018/19 National Budget. Delivering a Mid-Year Budget Review Statement in Parliament on Friday, Gondwe said of the K1.3 trillion projected budget for the first part of the 2018/19 financial year, K691.8 billion has been […]
Malawians should expect cuts in the K1.3 trillion 2019/19 financial plan because of the delay by World Bank to disburse the budgetary support projected at K60 billion, the Finance, Economic Planning and Development Minister Goodall Gondwe has said. He said the delaying releasing budget support commitments by donors will lead to adjustment to the National Budget and […]
Depsite backing President Peter Mutharika’s running mate in the May 21 Tripartite Elections, Minister of Finance, Economic Planning and Development Goodall Gondwe struggled to remember the full name of the veep nominee, Everton Chimulirenji during the rally in Mzuzu. Gondwe, DPP vice president responsible for the Northern Region, during the party rally in Mzuzu left […]
Minister of Finance, Planning and Economic Development who is also Democractic Progressive Party (DPP) vice president for the northern region, Goodall Gondwe, Saturday challenged the opposition that they do not have what it takes to govern Malawi especially those led by youthful leaders especially the United Democratic Front (UDF) and UTM Party. UDF is led by […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has expressed ignorance on the reasons why Secretary to the Treasury Ben Botolo has been transferred and that he was not aware that government is preparing a whopping K50 billion bail-out package for financial troubled National Oil Company of Malawi (Nocma), a government-owned company. Botolo has been […]
Ministry of Finance has lined up a whopping K50 billion bail-out package for financial troubled National Oil Company of Malawi (Nocma), a government-owned company, and the issue has cost Secretary to the Treasury Ben Botolo his job, Nyasa Times can exclusively reveal. As first reported by Nyasa Times on Monday evening, Botolo has been replaced […]
Malawi’s tax regime remains prohibitive to attract meaningful foreign direct investments (FDI) and it impacts negatively on private sector, the World Bank has said but that has been dismissed by Treasury Czar Goodall Gondwe. “The investment allowances currently in force are insufficient to attract or induce meangful investment , the industrial rebate scheme is cumbersome, […]
Minister of Finance, Economic Planning and Development, Goodall Gondwe, has urged people of Luviri in Mzimba to continue rallying behind Democratic Progressive Party (DPP) and vote for the same during the next year’s tripartite elections. Speaking Saturday when he addressed a political rally, Gondwe said government was committed to ensure that all communities across the […]