Tag archives: MEDF

Pay up or miss out: Ben Phiri issues warning to RCDF loan defaulters as K3.6bn Thyolo projects roll out

By Nyasa Times News Desk

Villagers benefiting from government-backed loans have been warned that failing to repay the money could shut the door on others hoping to access life-changing support. Local Government and Rural Development Minister Ben Malunga Phiri issued the stern warning in Thyolo Thava Constituency as a multi-billion-kwacha development programme, funded through the Reformed Constituency Development Fund (RCDF), […]

Read full story — Pay up or miss out: Ben Phiri issues warning to RCDF loan defaulters as K3.6bn Thyolo projects roll out

No evidence of crime: High Court releases frozen K383m to Nema Farm Seeds

By Nyasa Times News Desk

A Malawian businessperson has scored a major legal victory after the High Court of Malawi’s Commercial Division lifted a preservation order that had frozen more than K383 million of his money, ruling there were no grounds to suspect the funds were linked to criminal activity. The order, originally obtained by the Financial Intelligence Authority (FIA) […]

Read full story — No evidence of crime: High Court releases frozen K383m to Nema Farm Seeds

‘You caused the losses’: MEDF hits back at sacked manager with K145m counterclaim

By Nyasa Times News Desk

A former risk and compliance manager fighting his dismissal in court has been hit with a staggering K145 million counterclaim, after his ex-employer accused him of serious oversight failures that left the institution exposed to financial risk. Harmony Mwavuli, who served as Risk and Compliance Manager at the Malawi Enterprise Development Fund (MEDF), is challenging […]

Read full story — ‘You caused the losses’: MEDF hits back at sacked manager with K145m counterclaim

MEDF former staff seek K20bn after unfair dismissal ruling

By Nyasa Times News Desk

Around 80 former employees of the Malawi Enterprise Development Fund (MEDF) are demanding a staggering K20 billion in damages after a court found they were unfairly dismissed – in a ruling watchdogs warn could leave ordinary Malawian taxpayers footing the bill. The group, all sacked between 5 and 12 December 2025, took their case to […]

Read full story — MEDF former staff seek K20bn after unfair dismissal ruling

Mwanamvekha explodes at Malawi reporters in parliament, accusing them of ‘distorting facts’ over CDF loan scheme report

By Nyasa Times News Desk

Furious minister tells parliament certain journalists write “negative, negative” stories without verifying facts Deputy Speaker orders parliamentary media committee to investigate minister’s explosive allegations Malawi’s Finance Minister launched a blistering attack on the credibility of journalists during a heated session in parliament on Tuesday afternoon, accusing news outlets of “butchering” information on matters of national […]

Read full story — Mwanamvekha explodes at Malawi reporters in parliament, accusing them of ‘distorting facts’ over CDF loan scheme report

Tonse govt rebrands Medf to National Economic Empowerment Fund Ltd

By Nyasa Times Reporter

The Tonse Alliance led government has proceeded to rebrand the Malawi Enterprise Development Fund (MEDF), the mega loan program aimed at developing and reviving small scale businesses for the youth and women in the country, to become the National Economic Empowerment Fund (Neef) Limited, secretary to treasury has confirmed. Minister of Finance Felix Mlusu announced […]

Read full story — Tonse govt rebrands Medf to National Economic Empowerment Fund Ltd

Govt auditing loans program, Medf to be rebranded– Mlusu

By Nyasa Times Reporter

Minister of Finance Felix Mlusu has said government has put in policy measures to support implementation of the 2020/21 national budget, including the rebranding of the Malawi Enterprise Development Fund (MEDF), the mega loan program aimed at developing and reviving small scale businesses for the youth and women in the country. Government wants the loan scheme […]

Read full story — Govt auditing loans program, Medf to be rebranded– Mlusu

Medf saga has revealed that Tonse philosophy is just an illusion

By Nyasa Times Reporter

Some amongst us were entirely convinced that under the current nine-party Tonse Alliance administration led by Malawi Congress Party (MCP), Malawians will access and enjoy national development projects without political affiliation. They believed, and it was right to do so, that they had finally waved bye to Democratic Progressive Party (DPP) leadership where one had […]

Read full story — Medf saga has revealed that Tonse philosophy is just an illusion

President’s spin doctor says Medf loans part of ‘Chakwera Hi-5’:  Malawi leader for depoliticisation of scheme

By Nyasa Times Reporter

State House director of communication Pastor Sean Kampondeni  has said President Lazarus Chakwera’s position on Malawi Enterprise Development Fund (Medf) loans  is on  depoliticization of the facility powered by the ‘Chakwera Super Hi 5’ – his political mantra. Kampondeni speaking at maiden State House Press Briefing which the Lazarus Chakwera led administration has pledged will […]

Read full story — President’s spin doctor says Medf loans part of ‘Chakwera Hi-5’:  Malawi leader for depoliticisation of scheme

UTM-MCP tussle runs counter to Tonse philosophy: Analysts condemn politicisation of Medf loans

By Nyasa Times Reporter

A governance commentator and political analysts have said it’s unfortunate that Malawi Congress Party (MCP) second deputy-president Harry Mkandawire declared that his party supporters will be prioritized in the Malawi Enterprise Development Fund (Medf) loan facility, saying such remarks must be condemned in strongest terms. Mkandawire said Mlare in Karonga Central on Saturday that MCP […]

Read full story — UTM-MCP tussle runs counter to Tonse philosophy: Analysts condemn politicisation of Medf loans

MCP’s Harry Mkandawire scathing remarks against UTM draw public criticism

By Nyasa Times Reporter

Malawi Congress Party (MCP) second deputy president, Harry Mkandawire, has drawn public anger and criticism for suggesting that Malawi Enterprise Development Fund (MEDF) will give priority to MCP supporters when disbursing loans. Mkandawire is on record telling MCP supporters in Karonga that they will be the first beneficiaries of the Fund as President Lazarus Chakwera […]

Read full story — MCP’s Harry Mkandawire scathing remarks against UTM draw public criticism

Govt reviews MEDF loans to excite youths: Increases allocation from K15bn to K40bn

By Nyasa Times Reporter

Government has reviewed it allocation to Malawi Enterprise Development Fund (Medf) for youth and women from K15 billion to K40 billion. Presenting the four month provisional budget in Parliament on Tuesday, Finance Minister Felix Mlusu says the Medf fund will later be increased to K75 billion. “Our focus in this programmes is to ensure we […]

Read full story — Govt reviews MEDF loans to excite youths: Increases allocation from K15bn to K40bn

MEDF gives K5m loans to Nayuchi Women and Ntaja vendors

By Nyasa Times Reporter

The Malawi Enterprise Development Fund (MEDF) on Saturday lived up to its goal of economically empowering women and the youth in the country by giving out loans amounting to K5 million to Nayuchi Women Group and Ntaja vendors in Machinga. Minister of Local Government and Rural Development, Ben Phiri presided over the cheque presentation ceremony […]

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Minister touts youth, women entrepreneurship

By Nyasa Times Reporter

Minister of Gender, Children and Community Development Mary Navicha has challenged youths in the country to be self reliant by creating their own wealth through entrepreneurship. She made the remarks Wednesday in Lilongwe when she presented symbolic cheques to beneficiaries in the Women and Youth Loans under the Malawi Enterprise Development Fund (MEDF). She said […]

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Financing the marginalized: Malawi Enterprise Development Fund  ‘on right track’

By Nyasa Times Reporter

Malawi Enterprise Development Fund (MEDF) has said it was on the right track after reinventing itself into a competitive modern financial institution. In an exclusive interview, MEDF Chief Executive Officer (CEO), Mervis Mangulenje said that after having some difficult years in the past, MEDF has improved its operational strategies. She said that, “Since 2014, MEDF […]

Read full story — Financing the marginalized: Malawi Enterprise Development Fund  ‘on right track’

Malawi Enterprise Development Fund to sue ‘politically motivated’  loan defaulters

By Nyasa Times Reporter

The Malawi Enterprise Development Fund (MEDF) has said it is taking legal action in order to recover money from politically motivated defaulters,   Chief Operations Officer, Dingiswayo Jere has said  in an interview. “The greatest challenge we are currently facing is to get repayments from some loans as old as five years back that were not […]

Read full story — Malawi Enterprise Development Fund to sue ‘politically motivated’  loan defaulters

MEDF, OBM introduce new loan paying scheme

By Nyasa Times Reporter

Malawi Enterprise Development Fund (MEDF), formerly known as Mardef  and Opportunity Bank Malawi (OBM) have launched a new initiative that will enable MEDF clients to service loans through OBM’s agents or mobile van. The launch of the initiative, known as New Partnership for Financial Inclusion took place Tuesday evening at Crossroads Hotel in Lilongwe where `MEDF also […]

Read full story — MEDF, OBM introduce new loan paying scheme