Month: November 2023 Posts

Minister of Finance hails African Development Bank for continued support to Malawi

Nov 23, 2023 Chikondi Daza 0 &

The Malawi Government through the Minister of Finance has hailed the African Development Bank (AfDB) for its continued support to Malawi as the country seeks to recover from economic hardships. Minister responsible, Simplex Chithyola-Banda said… ...

Over 15,000 households graduate from ultra poverty

Feb 09, 2023 Raphael Likaka 0 &

Financial Access  for Rural Markets Small holders and Markets (FARMSE) which is under the Ministry of Finance says that more than 15,000 households that were on the Social Cash Transfer Programme have graduated from ultra… ...

Young civil servants pen Ministry of Finance over pension scheme

Nov 24, 2022 Mike Lyson Zgambo 0 &

Concerned Young Civil Servants have penned the Ministry of Finance demanding the withdrawal of mandatory pension contributions deduction and a refund of the whole deducted amount plus interest accumulated. In  2017, the Government of Malawi… ...

Govt plans to spend K1 billion on waiting room for pensioners

Sep 28, 2022 Malawi24 Reporter 1 &

Minister of Finance Sosten Gwengwe Malawi Government has come under fire over its plans to spend K1 billion on construction of a camping facility for retired civil servants who spend days in Lilongwe waiting for… ...

Chakwera uses K0.3 billion on Switzerland trip

Jun 01, 2022 Mwayi Mkandawire 0 &

President Lazarus Chakwera spent K300 million on his trip to Switzerland and Equatorial Guinea, government has said. The Ministry of Finance revealed the figures yesterday when Chakwera held a press briefing at State House to… ...

Quay Energy is a bogus company established to defraud Malawi: Government plans to pay K1 billion every month for 25 years

Apr 06, 2022 Malawi24 Reporter 0 &

Social media commentators have described Quay Energy as a "bogus company" with the sole purpose of defrauding the Malawi government through the Salima-Lilongwe Water Project. The company, social commentators have found, will be pocketing K1… ...

Budget and Finance Committee wants Govt to reduce PAYE bracket

Mar 10, 2022 Mike Kalumbi 0 &

The Parliamentary Cluster committee on Budget and Finance has asked the Ministry of Finance to consider reducing the Pay As You Earn  (PAYE) bracket in order to accommodate civil servants, arguing that most of them… ...