The Eastern and Southern African Trade and Development Bank popularly known as PTA, has changed its official name to Trade and Development Bank (TDB). TDB has also announced that it will continue to increase financing for priority sectors such as infrastructure, manufacturing, industry and agribusiness across the 20 member states where it operates. Speaking after […]
Malawi’s flagship dialy newspaper, Daily Times is urging the government to act with speed in canceling the K24 billion Zambia maize deal payment. This follows an economics expert, Ben Kalua’s advice to government to seriously consider nullifying a loan from PTA Bank worth K24 billion that is meant to be used to procure 100000 tonnes […]
The joint inquiry by Parliamentary Committee on Agriculture, Irrigation and Food Security with Public Accounts Committee into the procurement process of maize from neighbouring Zambia intends to subpoena PTA Bank officials to explain on the money remittance related to the issue. Malawi government obtained a loan of K26 billion ( $34.5 million) from the Eastern […]