Month: February 2016 Posts

Ministry of Health in trouble for ‘useless’ expenditures

Feb 27, 2016 Macmillan Mhone 39 &

Malawi’s Minister of finance Goodall Gondwe has accused the Ministry of Health (MoH) of spending its budgetary allocation on insignificant things like travel while hospitals were lacking funds to perform important operations. The minister made… ...

‘Mutharika is not clueless’ Goodal Gondwe hits at critics

Feb 27, 2016 Macmillan Mhone 98 &

Finance Minister Goodall Gondwe yesterday revealed in Parliament government’s plans to solve the economic problems that have affected the country, hitting back at critics who criticised Malawi President Peter Mutharika for being clueless. Presenting the… ...

Malawi economic crisis: Govt lowers budget

Feb 27, 2016 Macmillan Mhone 25 &

The withdrawal of donors has caused pain for Malawi as government has been forced to adjust the budget downwards due to a decrease in local revenue collection. Presenting the midterm budget statement in Parliament on… ...

Govt pleased to reduce borrowing

Feb 25, 2016 Victoria Milanzi 24 &

The Malawi Government says it is happy that it has managed to reduce the amount of money it borrows from within the country. According to spokesperson in the ministry of finance and economic planning, Nations… ...

Govt to save millions after retirements of PSs

Feb 24, 2016 Mphatso Khutcha Richard 46 &

The Government of Malawi is expected to be saving up to K144 million annually when six principal secretaries (PSs) retire as planned. By the end of this year, six PSs are expected to retire and… ...

Goodall angry: Dresses down his critics

Feb 19, 2016 Luke Bisani 31 &

Malawi's Minister of finance Goodall Gondwe has brushed aside calls for his resignation arguing that he is the “sacrificial lamb” for the country's economy. Gondwe was reacting to some stakeholders who suggested that he must resign… ...

Malawi Crisis: Illovo sugar sales go down by 40 percent

Feb 19, 2016 Richard Jimu 196 &

At a time when Malawi's economy continues to stumble, Illovo Sugar Malawi limited has disclosed that its sugar sales in the country have been hit hard to the extent of slipping to 40 percent. The… ...