Human Rights Consultative Committee (HRCC) has asked President Peter Mutharika to consider firing Malawi Electoral Commission (MEC) chairperson Jane Ansah together with her Commissioners and call for fresh tripartite elections within 150 days as stipulated by the Constitutional Court (ConCourt). HRCC is a network of 97 civil society organizations (CSOs) comprising local civil society organizations with interest in the areas […]
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 […]
Malawi’s donors have pledged $100 million (about K40 billion) in budget support for the 2014/15 financial year, Finance Minister Dr Maxwell Mkwezalamba said on Friday. Mkwezalamba was quoted by Daily Times from Mexico on the sidelines of the High Level Global Partnership meeting, saying government has secured the commitments from donors for current and and […]
Malawi government has started working on 2014/15 national budget which doesn’t not include 40 percent it gets from donors, Finance minister, Maxwell Mkwezalamba, has confirmed. But Mkwezalamba told a local radio on Wednesday that this is not a zero deficit budget. “We can’t say it’s a zero deficit budget because we have left a room […]
Malawi President Joyce Banda and her Minister of Finance Maxwell Mkwezalamba have chosen to differ on statements of facts related to the use of proceeds from the controversial sale of the presidential jet thereby maintaining serious inaccuracies to the deal. Mkwezalamba told journalists last Wednesday jet sale proceeds $15 million (about K6.3 billion) did not […]
Malawi cabinet approved the sale of a luxury 14-seater presidential jet but never authorised barter trade, senior cabinet minister who Nyasa Times asked have disclosed. Finance Minister Maxwell Mkwezalamba said the $15 million (about K6.3 billion) proceeds from the jet sale never went into government’s consolidated account and instead the Attorney General facilitated the transfer […]
Finance Minister Maxwell Mkwezalamba said on Wednesday that Malawi government used the proceeds made from the sale of the Presidential jet to pay arms dealer Paramount Group of South Africa to clear outstanding debt. Mkwezalamba providing a breakdown to journalists of how the proceeds from the jet sale were spent, said at a news conference at Capital […]
Malawi Finance Minister Maxwell Mkwezalamba contradicted his boss President Joyce Banda when he said the proceeds from the Jet sale were not used to purchase fertilizer for Farm Imputs Loan Program (FILP). While addressing a news conference at Kamuzu Palace on Tuesday, Banda said out of the sales government used K1.8b on FILP. But Mkwezalamba on […]
Minister of Finance Dr. Maxwell Nkwezalamba on Tuesday angered delegates to Public Affairs Committee (PAC) all inclusive stakeholders conference taking place at Mount Soche hotel when he failed to explain why there is no evidence to show that government is in receipt of money realised from the sale of the presidential jet. PAC – made up of […]
Outgoing Leader of Opposition John Tembo said the amount plundered from the public purse could be on the higher side up to K50 billion and not K6.1 billion (about $15.2m) or K13.6 billion (about $34m). Malawi’s Finance Minister Maxwell Mkwezalamba told reporters in Lilongwe on Monday that the amount looted it K6.1 billion (about $15.2m) […]
Malawi’s finance minister, Maxwell Mkwezalamba, has said IMF’s release of a $20 million (around K9 billion) under the Extended Credit Facility (ECF) will encourage other donors who have withheld aid to resume funding. Mkwezalamba told a news conference in Blantyre that the release of the IMF funds four months after cashgate corruption scandal broke and following consequent […]
Malawi’s Finance Minister Maxwell Mkwezalamba has announced that the auditing that government undertook on the onset of cashgate scandal revealed that the money stolen was K8.9 billion, not the K20 billion that the Financial Intelligence Unit (FIU) suspected. Mkwezalamba announced at a news conference in Blantyre on Sunday when he welcomed IMF’s “exciting news” of […]
Malawians should not to despair with the looming nose-dive of the country’s economic stance as government is employing effective policies to turn tables around, Finance Minister Maxwell Mkwezalamba has said. “We should look at this as a temporary situation,” said Mkwezalamba addressing journalists in Malawi’s capital Lilongwe. He added: “We’re implementing various measures to ensure […]
Malawi’s Treasury has admitted that it over-borrowed domestically in the first quarter of the 2013/14 National Budget by K58.7 billion between July 1 and September 30 this year to beef up state confers. The revelation comes in the back-drop of the infamous cash-gate that has seen money in excess of 100 billion being looted from the same […]
Finance Minister Maxwell Mkwezalamba was in Brussels, Belgium, this week negotiating a new financial planf for Malawi from the 28-member European Union (EU). This comes at a time Malawi is reeling under perhaps the worst financial scandal since independence nearly half-a-century ago. RAPHAEL TENTHANI engages the former African Union Economics Commissioner on his gargantuan task. Excerpts: […]
Malawi’s Minister of Finance, Dr. Maxwell Mkwezalamba and the Director for East and Southern Africa and Africa Caribbean and Pacific (ACP) Coordination at the European Commission, Francesca Mosca, on Thursday 5 December, 2013, in Brussels, Belgium signed the Financing Agreement for a project that will provide further support to Malawi in the amount of EUR […]
Malawi’s Finance Minister, Maxwell Mkwezalamba has described as “very frustrating and every difficult time” working for a government riddled with corruption. He was speaking in a BBC Focus on Africa interview from Brussels where he went to try to coax the European Union to reverse its decision of suspending aid to Malawi following the Cashgate […]
Malawi government spokesperson, Brown Mpinganjira, has amplified President Joyce Banda stand that she will keep on criss-crossing the country visiting people despite being placed under local and international travel restrictions, following the withdrawal of budgetary support by donors. President Banda said on Saturday at a political rally in Lilongwe that through travelling in all parts […]