Spokesperson for the Ministry Finance and Economic Planning and Development, Nations Msowoya has been removed from the post and replaced with Alfred Kutengule. Secretary to the Treasury (ST) Ronald Mangani in a circular to all Principal Secretaries and Heads of Departments in the civil service dated 1 December 2016 informed that Msowoya “has been assigned other responsibilities.” […]
Treasury says it has again put on hold the K350 billion civil service compulsory pension scheme which was expected to take off in this new financial year because the government is too broke to implement such a scheme. This is the third year running that the government has postponed the implementation of such a scheme […]
Malawi Government has said it will buy a K7billion new software for integrated financial management systems (IFMS) following hiccups the current version is facing. Finance ministry spokesperson Nations Msowoya said the new IFMS software would be bought before December. “As you might be aware, the Baker Telly report recommended we buy a new software and […]
The scandal surrounding Malawi’s politically connected Sterling Timber International has deepened, with an insider alleging that the government settled the company’s large debt to the state-owned Malawi Savings Bank. Sterling Timber received a 1.4-billion kwacha (R58-million) loan from Malawi Savings Bank (MSB) in 2011 to set up a timber processing plant, which it never built. […]
Government says it will save up to K7 billion in office rental pay outs after construction of office buildings is completed at Capital Hill, the seat of government. Finance ministry spokesperson Nations Msowoya said the government spends close to K500, 000 for each office space for some ministries at City Centre in Lilongwe alone. Some […]
Government has employed a cyber security officer who will now be in-charge of integrated financial management system (Ifmis) blamed for the K84 billion plunder of public money at Capital Hill in Lilongwe. Nations Msowoya, spokesperson for the ministry of finance was upbeat that the hiring of the cyber security officer would enhance the security of […]
Cash- strapped Malawi government has warned it will from this month effect withholding of money to its departments and ministries whose heads failed to submit returning reports to ministry of Finance by February 14. In a statement, the ministry of Finance says departmental heads were sensitized on this in December trough meetings and memos. The […]
Malawi government with funding from the World Bank has bought a K2 billion software for integrated financial management system (Ifmis), a system used to pay out government money. Ministry of Finance spokesman Nations Msowoya said the government has bought the advanced software with the help of the US government as a means of stepping up […]
Financial institutions that lend money to civil servants in Malawi have severed ties with the government amid a row over K1.9 million which the micro finances claim has not been submitted to them three years now. Duncan Phulusa, executive director of Micro Finance Network regretted that civil servants will no longer access the easy but […]
President Peter Mutharika and his government are clueless on how to use the K12 billion realised from the controversial sale of Malawi Savings Bank and Inde Bank. Spokesman for Finance ministry Nations Msowoya told a local radio station Wednesday that his ministry is yet to consult on how to use the money which is already […]
While overburdened tax-payers are yet to be hit with punitive taxes to meet the yet to be adopted zero-aid budget, there are more worrying news to bear following the approval of K4.6 billion personal loan facility for Parliamentarians. Government has endorsed proposal to allow Members of Parliament (MPs) to access personal loan of K24 million […]
Ministry of Finance Public relations Officer, Nations Msowoya has won the Free Expression Institute ‘Newsmaker of the Year’ a ward. Msowoya was named winner of the award at a Freedom of Expression Awards Night at Crossroads Hotel in Lilongwe on Thursday. He was selected for the award following a selection process facilitated by the Free […]
Malawi Government is set to resume use of the suspended payment method, the Integrated Financial Management System (IFMIS), which was closed last month after some cunning civil servants turned it into a source of their prosperity. The illegal ‘unlocking’ of the system resulted in the pilferage of more than K110 billion at the government seat, […]
Government, with support from Safetech, an American ICT organization, has almost won the battle to seal loopholes in the Integrated Financial Management Information System (IFMIS) whose abuse is being blamed for the unfolding case of theft, fraud and corruption at Capital Hill. According to published reports, the progress that has been made to rein in […]
Government has cut down by 50 per cent funding to ministries and departments a development that is expected to hamper proper delivery of a number of services and projects. Nyasa Times has established that K400 million has been paid as membership fee for SADC while K1 billion of the diversified money has been directed towards next […]
Malawians have since 2004 been forced to service a total of K30 billion (US$94.4 million) in foreign debts for funds acquired to implement non-existent and stalled projects which have not gone down to benefit the intended citizens who are responsible for re-payment of the loans, Centre for Social Concern (CfSC) has revealed. The projects under […]