Month: May 2023 Posts

Govt stopped from borrowing K105 billion for Salima-Lilongwe Water Project

May 06, 2023 Malawi24 Reporter 0 &

Khato Civils equipment Forum for National Development (FND) has been granted an injunction stopping Malawi Government from borrowing K105 billion from NBS Bank and National Bank of Malawi for the Salima-Lilongwe Water Project which was… ...

Malawi Govt backs Lake Malawi Water Project financier

Apr 04, 2022 Malawi24 Reporter 0 &

Malawi Government through the Ministry of Finance has expressed support for Quay Energy Corp (Australia) Pty Ltd, the financier of the Lake Malawi water project amid concerns that the company expected to help Malawi secure… ...

Khato loses K1.8 trillion road project

Feb 14, 2022 Malawi24 Reporter 0 &

Zimbabwe has cancelled a US$2 billion (about 1.8 trillion Malawi Kwacha) road project it had with Malawi’s richest man alive. The Beitbridge-Bulawayo-Victoria Falls highway links Zimbabwe to the trans-African highway linking Gaborone in Botswana to… ...

LWB’s K5.2 billion payment to Khato Civils raises eyebrows

Nov 01, 2020 Russell Kondowe 0 &

Questions have been raised over a K5.2 billion payment the Lilongwe Water Board (LWB) made to Khato Civils for the Lake Malawi Project which is yet to commence. Khato Civils which was awarded a US$400… ...

Lake Malawi water project cost reduced by K73 billion

Aug 29, 2020 Russell Kondowe 0 &

Khato Civils which was awarded a US$400 million (about K300 billion) contract to tap water from Salima to Lilongwe has reduced the cost of the project by $102 million (about K73 billion), but a commentator… ...

Simbi rejects claims he sponsored MCP

Jun 03, 2019 Malawi24 Reporter 2 &

Malawian billionaire Simbi Phiri has rejected claims that he gave Malawi Congress Party (MCP) K700 million for campaign. Phiri’s spokesperson Taonga Botolo told Malawi24 there is absolutely no truth to the allegations. Commenting earlier on… ...

MCP received K700m in campaign funds from billionaire Simbi Phiri

May 31, 2019 Richard Jimu 0 &

The opposition Malawi Congress Party (MCP) received K700 million in campaign funds from South Africa-based Malawian billionaire Simbi Phiri. According to published reports, the party is using some of the money to cover court costs… ...