Malawi’s Member of Parliament yesterday labelled the former ruling DPP cabinet as incompetent after he said they allowed themselves to be lied to by the Malawi Revenue Authority (MRA) officials, who are currently at the centre of the commercial banks borrowing saga along Finance Minister Ken Lipenga. In his contribution to the 2012/2013 budget, the […]
There is increasing uneasiness among Malawians as there are fears fuel prices is likely to go up, a mid-week business paper has reported. The Business Times quoted finance minister Dr. Ken Lipenga as saying fuel prices adjustment is imminent as government would want to factor in the vehicle licence fee previously paid through the Road […]
Malawi will see its economy grow by 4.3 percent this year in its recovery programme, Finance Minister Ken Lipenga told parliament in the capital Lilongwe on Friday. The economy is expected to accelerate to 5.7 percent next year, Lipenga said in a budget speech. Lipenga said government has set out economic reforms including liberalizing Malawi’s foreign […]
Malawi’s Finance Minister Ken Lipenga on Friday heralded a national budget for 2012 and 2013 as one designed to address these challenges and put the economy onto a path of sustained recovery. Delivering the budget statement in Parliament in the capital Lilongwe, Lipenga told the House that he tabled “ an austerity Budget”. He said: “ […]
Malawi’s Finance Minister Ken Lipenga is scheduled to present the long awaited 2012/2013 national budget this Friday, June 8, Speaker of the National Assembly Henry Chimunthu Banda announced Wednesday. The Speaker said Lipenga will present the budget- eagerly awaited by Malawians to see new economic policies and reforms of President Joyce Banda- from 2.00pm. Chimunthu […]
“Oh, God, why don’t I remember that a little chaos is good for the soul?” Marilyn French. It is not fair to blame the new government for the chaos, the rushed statements of policy and subsequent contradictory statements that have pervaded Malawi in the last couple of months. It is after all a new government, […]
Finance Minister Ken Lipenga, has said no decision has been made yet on what to do with Malawi’s controversial presidential jet. “No decision has been made yet,” he told PANA Sunday while reacting to reports in the British media that President Joyce Banda has decided to sell the jet. “We are looking at several options at […]
Commissioner General of Malawi Revenue Authority (MRA) Lloyd Muhara has been replaced by NBS Bank’s Chief Executive John Biswick, Nyasa Times understands. Muhara has been sacked after MRA image has been bruised when it was revealed that it did borrow money from commercial banks to paint a picture that the infamous zero-deficit budget was on […]
The quiet revolution sweeping over Malawi was inconceivable earlier this year. And Fidel Castro definitely knew his stuff when he said that a revolution is a struggle to the death between the future and the past. While I do not agree with his style, I cannot agree more with him on this one. What is […]
Tidzakumana pamtengo wakachere; pothera nkhani – Lucius Banda By all accounts, Mrs. Joyce Banda has hit the ground running as President of the Republic of Malawi following the sudden death of former President, dictator Bingu wa Mutharika, on April 5th., 2012. Media reports are replete with accounts of how she is busy repairing relations with multilateral […]
David Loga, Director of Finance at the Malawi Revenue Authority, is a long time friend of mine who is an intelligent chap, so intelligent that it is totally unfair for the system of our government to make him look like an idiot. For how else would a chartered accountant be regarded if, contrary to International […]
Malawi Revenue Authority (MRA), which has denied borrowing from commercial banks to spruce up revenues, has said the country’s central bank-Reserve Bank of Malawi (RBM)-also has to answer how huge sums of money from commercial banks’ liquidity reserves found their way into a government account. Reports surrounding the tax collection institution so far indicate that […]
The International Monetary Fund (IMF) team is expected to visit the country on May 22, Finance Minister Dr. Ken Lipenga has confirmed. Lipenga told Nyasa Times on the sidelines of the just ended pre-budget consultative meetings in Blantyre that the IMF team is expected to hold what he called “regular contact” meetings with Malawian authorities and would […]
Beleaguered Finance Minister Ken Lipenga has brought to light yet another costly mistake that his departed elevator, the late President Bingu wa Mutharika, made. As the public is still reeling to recover from his revelation that the Malawi Revenue Authority (MR) borrowed K15b to support the infamous zero deficit budget after donors withdrew aid to […]
Malawi President Joyce Banda has adopted the proposal of Finance Minister Ken Lipenga to establish an independent investigation on revelations that the country’s tax collector had illegal loans to commercial banks to give the impression that the Zero Deficit Budget was on track. Lipenga admitted that Malawi Revenue Authority (MRA) borrowed up to K30 billion […]
President Joyce Banda has appointed Thom Mpinganjira as board chairperson for the troubled Malawi Revenue Authority (MRA) replacing Dr Charles Mataya who has since resigned. Mataya has resigned after Minister of Finance Dr Ken Lipenga confessed that the tax collecting body cooked up figures and lied in Parliament that government had over collected during the […]
In a rare but surprise move president of file party MDP, Kamlepo Kalua has come out in defence of Malawi’s finance minister Ken Lipenga, describing those calling for his resignation as people full of ” jealousy” and political vendetta. Following a confession by the finance minister a week ago that the county’s revenue collecting body […]
Malawi President Joyce Banda has honed the axe to cut the cabinet life of Finance minister Ken Lipenga to preserve the integrity of her office, sources within government machinery have told Nyasa Times. This follows Lipenga`s failure to resign honourably after confessing to poisoning Parliament with a cocktail of lies about the performance of Malawi Revenue […]