People retire from their professional jobs but they should not retire from working, said financial analyst Jimmy Lipunga at a seminar on Tuesday when he delivered an inspiring retirement planning seminary at Sunbird Mount Soche Hotel in Blantyre. The seminar was hosted by Malawi’s leading financial services institution NICO Group with a theme of ‘Practical […]
The controversial sale of Malawi Savings Bank (MSB) has been suspended following a court order stopping the transaction, the Public Private Partnership Commission (PPPC) has confirmed. Ministry of Finance, Economic Planning and Development, through the Public Private Partnership Commission (PPPC), was set to conclude sale of between 51 and 75 percent shareholding in the bank, following […]
High Court has granted a temporary restraining order stopping the controversial sale of Malawi Savings Bank (MSB). Ministry of Finance, Economic Planning and Development, through the Public Private Partnership Commission (PPPC), is set to conclude sale of between 51 and 75 percent shareholding in the bank, following failure to recapitalise it and adhere to regulations requirements […]
The sale of the state-owned Malawi Savings Bank (MSB) will still go ahead despite disapproval from parliament. Public Private Partnership Commission (PPPC) has confirmed. The government’s divestiture agency kicked off tenders’ process on Monday requesting strategic investors to buy a controlling stake in MSB in which the government owns 100 percent of its shares. According […]
God must help the people of Malawi to learn to love their country by abandoning greed instead of just blaming the country’s leadership for the country’s problems, chairperson of Old Mutual in Malawi, Jimmy Lipunga, said on Monday. Speaking in Lilongwe during the official opening the largest shopping mall Malawi by President Peter Mutharika, Lipunga […]
Following the disbandment of the country’s airline, Air Malawi, government has unveiled a new airline Malawi Airline Limited to be run in partnership with strategic investors Ethiopian Airlines. Public Private Partnership Chief Executive Officer (CEO), Jimmy Lipunga disclosed about the new airline during a news conference in Blantyre on Tuesday, saying the joint venture will […]
Government attempted to save the debt-ridden now-liquidated flag carrier Air Malawi by, among other things, trying to sell spare parts, it has been reported. The leaked document, a presentation to the cabinet committee on Air Malawi marked ‘confidential’ dated July 3, 2012, entitled ‘The Future of Air Malawi Limited,’ proposed breaking some disused equipment (grounded […]
The Public Private Partnership Commission (PPPC) , formerly the Privatisation Commission (PC), has announced that Ethiopian Airlines is the preferred bidder to be the strategic partner of Air Malawi (2012) Limited. The airline beat Fly Africa of South Africa and Botswana’s Global Business Network, based on its global experience and competitiveness, according to PPPC chief executive […]
The operational problems facing Malawi’s flag carrier, Air Malawi are expected to be a thing of the past if eleven companies that have expressed interest to partner with government in running the company will live up to their word. A new company has been created, Air Malawi (2012) which will soon pick a investor to help […]
The Malawi government has embarked on a new search for a strategic equity partner (SEP) for the national flag carrier, Air Malawi. This comes after government failed to privatise the airline in 2003 and 2008 partly “because it was not attractive to prospective operators due to its huge debt”. However, Privatisation Commission (PC) CEO Jimmy Lipunga says […]