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 […]
On Sunday, 4 March 2012, shortly after George Mnesa, MP, revealed in the National Assembly that the Malawi Revenue Authority (MRA) figures were fake, and Khwauli Msiska MP moved a motion for the matter to be investigated, here is what I wrote, which I reprise in its entirety: As the story goes, so we are […]
Former Malawi finance minister Friday Jumbe has said Ken Lipenga credibility as the country’s purse keeper has been badly damaged following revelations that tax collecting body borrowed money to present a picture that the late president Bingu wa Mutharika’s experimental Zero-Deficit Budget (ZDB) was working. Legislature George Nnesa revealed in National Assembly that the Malawi Revenue Authority […]
Malawi’s vocal Civil Society Organizations have unequivocally demanded that Finance Minister Ken Lipenga and Malawi Revenue Authority (MRA) boss Lloyd Muhara spare themselves the embarrassment by voluntarily resigning from their respective posts with immediate effect. Lipenga admitted the revenue authority borrowed K15 billion to paint a picture that the late Bingu wa Mutharika’s initiative–Zero Deficit […]
Malawi Finance Minister Dr Ken Lipenga says he does not see any basis on chorus calls for him to resign after he admitted that Malawi Revenue Authority (MRA) borrowed K15 billion to paint a picture that the late Bingu wa Mutharika handwork –Zero Deficit Budget – was working. Deceased Mutharika introduced the Zero-Deficit Budget after […]
Malawi Leader of Opposition John Tembo has said Finance Minister Ken Lipenga should step down for willfully misleading parliament over the state of the economy during the mid-term budget review. Parliamentarian George Nnesa accused the finance minister of deception after Lipenga said the Malawi Revenue Authority (MRA) collected more than projected revenues of $60million. Nnesa […]
After Minister of Finance Ken Lipenga conceded that Malawi Revenue Authority (MRA) cooked up figures on revenue collection to impress Malawians that the zero-deficit budget was on track, the Peoples Progressive Movement (PPM) of Mark Katsonga has joined Malawians in telling the Minister to stop lying and honourably resign. In a statement released on Thursday, […]
From Parliaments Hansard: Thursday 16th February, 2012: The First Deputy Speaker: Thank You. Honourable Member for Balaka South. Hon Mnesa (MAFUNDE-Balaka South): Thank you very much, Mr. First Deputy Speaker, Sir, for giving me the opportunity to contribute towards the speech that the Minister of Finance and Development Planning made on 10th February, 2012. In his deliverance […]
As pressure continues to mount on Malawi’s Finance Minister Ken Lipenga to resign following his own confession that he lied to Malawians during the midterm budget review earlier this year where he told parliament that the Malawi Revenue Authority (MRA) collected above the projected revenue of K115 billion, he has mounted his defence campaign from […]
Malawians from all walks of life have asked the country’s Minister of Finance Dr Ken Lipenga to resign honourably from his position with immediate effect. This follows the minister’s own confession on Tuesday that he lied to the nation in the National Assembly earlier this year that the tax collection body-the Malawi Revenue Authority (MRA) […]
It seems soon the closed aid taps to Malawi will start flowing again after donors embraced the Joyce Banda administration new economic agenda, and announced that the impoverished southern African country should expect resumption of budgetary support in three weeks. The donors have pledged to do this even before the IMF concludes packaging a new […]
Malawi’s Minister of Finance Ken Lipenga Has made a shocking admission that the Malawi Revenue Authority (MRA) borrowed money from local commercial banks to give an impression that revenue collection was impressive in the first half of the financial year had basis. Late President Bingu wa Mutharika told parliament in February that domestic revenue amounted to about K120 […]
During the just ended sitting of Parliament an opposition legislator from the Malawi Congress Party (MCP) Willard Gwengwe alleged or rather exposed to the nation that our government currently has an external debt of about K150 billion. Repeatedly I have heard our honourable members debating on various loan authorization bills that have been tabled in […]