Sosten Gwengwe Archives

Parliament allows Malawi Government to borrow K30 billion for irrigation

Aug 19, 2023 Synd Kalimbuka 0 &

Parliament yesterday authorised Malawi Government to borrow USD27,700,000 (about K30 billlion) from International Fund for Agricultural Development (IFAD) for additional financing for rural irrigation. Minister of Finance Sosten Gwengwe said the loan bill will help… ...

Malawi could pay East Bridge K273 billion for cancelling fertilizer deal

Aug 05, 2023 Malawi24 Reporter 0 &

Gwengwe: We have recalled guarantees signed with East Bridge Malawi Government could be forced to pay K273 billion to East Bridge if the government cancels a commodity exchange deal with the company, which is suspected… ...

Gwengwe says conference will accelerate opportunities for Malawian youths

Jul 25, 2023 Malawi News Agency (MANA) 0 &

Minister of Finance and Economic Affairs Sosten Gwengwe says the Human Capital conference for Heads of State, taking place in Tanzania will accelerate economic opportunities for the youth in Malawi. Gwengwe made the remarks on… ...

Govt reverses plan to raise duty on vehicles

Jul 07, 2023 Russell Kondowe 0 &

Malawi Government has stopped its plan to hike duty on second-hand imported vehicles. Minister of Finance and Economic Affairs Sosten Gwengwe has announced the U-turn today after an interface meeting with importers of second-hand vehicles… ...

Parliament passes 2023/24 national budget

Mar 31, 2023 Mike Kalumbi 0 &

Malawi Parliament yesterday completed the committee of supply and passed the K3.7 trillion 2023/24 National Budget. The budget went through cluster committees where it was scrutinized by Members of Parliament and after the cluster committees,… ...

Atangwa kuvundukula ma siketi uku mmalo mokonza chuma: mzimayi wayalutsa Gwengwe

Mar 23, 2023 Sibu M. Mokoena 0 &

Bodza lonamiza dziko kumati mafuta atsika mtengo mu December lija ati amapitilira nalo. Ati amanamizanso amayi osiyanasiyana amene tikunena pano ndi oyembekezera. Anawaimikawo ati ndi a nduna ofatsa aja a Sosten Gwengwe. Munthu wina wamayi… ...

Malawi Minister of Finance unveils K3.87 trillion budget

Mar 02, 2023 Martha Chikoti 0 &

Minister of Finance and Economic Development Sosten Gwengwe has unveiled the 2023/2024 budget in which total expenditure is projected at K3.87 trillion with recurrent expenses estimated at K2.98 trillion and development expenditure at K896.21 billion.… ...

MALGA lobbies government to bail out councils from debts

Jan 15, 2023 Malawi News Agency (MANA) 0 &

Malawi Local Government Association (MALGA) has appealed to government to make deliberate efforts in bailing out local authorities from debts in the 2023/24 fiscal year. The request was made Friday in Mzuzu by Vice Chairperson… ...

Talking Blues: Stop the nonsense

Jan 15, 2023 Mapwiya Muulupale 0 &

It is the oldest trick in the book. When confronted with an unpalatable truth or challenged on a matter you would rather dodge, attack! Get angry! Distract! Deflect! And in most cases, it all ends… ...

Gwengwe pledges to deliver inclusive budget

Jan 12, 2023 Martha Chikoti 0 &

Minister of Finance Sosten Gwengwe has pledged to deliver an inclusive 2023/2024 budget that will work for Malawians. Gwengwe made the statement in Lilongwe on Wednesday during ministerial pre-budget consultation meeting for the 2023/2024 fiscal… ...

Zamkutu! Gwengwe wati a Malawi ayiwale za K7 thililiyoni ya Bridgin

Jan 11, 2023 Archangel Nzangaya 0 &

Pomwe anthu anali ndichiyembekezo kuti zinthu zambiri zitha kuyamba kuyenda bwino kaamba ka ndalama yokwana K7 thililiyoni yomwe bungwe lakunja la Bridgin Foundation limayenera kupeleka ku dziko lino, nduna ya zachuma a Sosten Gwengwe athira… ...

Bridgin tricked Malawi – Gwengwe

Jan 11, 2023 Mwayi Mkandawire 0 &

Minister of Finance Sosten Gwengwe has admitted that there is no US$6.8 billion (over K7 trillion) grant agreement between Malawi and Belgium-based Bridgin Foundation. The minister has described the purported agreement as nonsense. Gwengwe made the… ...