“There is need to educate the youth, women who get the loan on financial prudence and discipline.” The youth and women in the country are facing insurmountable problems to access the flagship countrywide loan scheme from the the country’s micro-finance firm, the National Economic Empowerment Funds (NEEF) due to cumbersome procedures. The matter was raised […]
“The youth have benefited more.” National Economic Empowerment Fund has disbursed K5.56 billion cash various women and youths groups. NEEF Spokesperson Whyton Kapasule said the money has been given to them in order to uplift their lives. Kapasule, who said NEEF is mandated to assist Malawians on small business ventures which will uplift their well […]
One of Democratic Progressive Party (DPP) founding members and former cabinet minister in the Peter Mutharika administration, Henry ‘Mtengowaminga’ Mussa has said he is the latest victim of a calculated smear and mudslinging campaign by suspected political enemies who have been publishing falsehoods to tarnish his “good image”. Speaking to Nyasa Times on Tuesday in […]
The National Economic Empowerment Fund (Neef), formerly Malawi Enterprise Development Fund (Medf), says it has released K2.9 billion under the National Economic Empowerment program from February to date. NEEF Public Relations Officer, Whytone Kapasule, said in an interview on Monday that over 1,429 groups; 443 youth groups, 915 women and 71 others have so far […]
Minister of Youth and Sports Ulemu Msungama on Wednesday stormed National Economic Empowerment Fund (Neef) offices to find out why there were delays in disbursement of loans to the youth. Neef acting chief executive officer Humphrey Mdyetseni said so far, the government-owned microfinance firm has disbursed K2.9 billion of the K5 billion government allocated to […]
Alliance for Democracy (AFORD) president Enock Chihana has said its partners in Tonse Alliance government, Malawi Congress Party (MCP) leaders should stop using the National Economic Empowerment Fund Limited (NEEF) loans to bribe electorate and campaigning tool during the forthcoming March 30 2021 by-elections. Chihana said this on Wednesday at Mpeta ground in the area […]
Malawi Police in Lilongwe have arrested two conmen guised as pastors who duped people by claiming they were officials from government-owned microfinance firm National Economic Empowerment Fund ( Neef). Police officers at Kanengo have identified the two as Collings Malamwa (40) and Thokozani Umali (35). They have been charged with obtaining money through false pretences. Police […]
Four senior managers including chief executive officer Mervis Mangulenje have been fired at National Economic Empowerment Fund Limited (Neef) formerly Malawi Enterprise Development Fund (Medf), following a disciplinary hearing prompted by an audit that exposed alleged abuse. An online platform Malawi Talk reported on Friday February 5 2021 that Mangulenje has been summarily dismissed alongside […]
The Industrial Relations Court (IRC) has stopped a disciplinary hearing which the National Economic Empowerment Fund Ltd board (Neef) – formerly Medef – had set for its four top managers on Tuesday. Neef board had summoned its suspended chief executive officer Mervis Mangulenje, Head of Finance Hilarious Nampota, Head of Credit Edwin Visabwe and Head […]
Rights activists, the Human Rights Defenders Coalition (HRDC) has written the Anti-corruption Bureau to investigate former Merdef chief executive officer over dubious loans awards. In the letter, HRDC says it had received allegations that the CEO, Ms. Mervis Mangulenje, awarded a MK60 million loan to her close friend, David Banda, without following procedures. David Banda […]
Government has redeployed Deputy Director Responsible for Planning in the Ministry of Information and Communication Technology, Humphrey Mdyetseni to the National Economic Empowerment Fund (Neef) limited as acting chief executive officer (CEO) for “a period of three months or more.” Neef is the mega loan program aimed at developing and reviving small scale businesses for the youth […]
Some men who are posing as National Economic Empowerment Fund (NEEF) employees are allegedly stealing from would-be beneficiaries in Kasungu district by allegedly demanding a K10 000 fee for speedy processing of the loan. Both councilor for Chankhanga Ward, Brighton Ngalande, and Group Village Headman Yanjanani of Traditional Authority (TA) Mwase have confirmed the development […]
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 […]