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Tag Archive for ‘Joyce Banda’

#MALAWI: MORE CASHGATE ARRESTS EXPECTED

  By Mabvuto Banda More arrests in the cashgate scam are in the offing as the new administration steps up investigations to get to the main players and beneficiaries, Attorney General Kalekeni Kaphale disclosed, warning that no one will be spared if found to have participated in the looting of public funds. Kaphale, who lauded… Read More ›

Pres Joyce Banda

I will feel powerful when women in Africa take their rightful place as equals -Joyce Banda

Joyce Banda, the first female President in southern Africa, had a tumultuous two years in power. In July she conceded defeat in a very controversial election. In this interview with Mabvuto Banda writing for the London based New African magazine, she explains her last eight days in office, why she believes the election was rigged… Read More ›

#Malawi to increase funding in anti-graft war

Malawi plans to increase funding to anti-graft institutions and police to fight corruption in a bid to win back key donors who are withholding crucial budget support as a result of corruption. Donors last November announced an aid freeze of US$150 million after the scandal, known locally as “cash-gate”, in which an estimated $15 million… Read More ›

#MALAWI: How the Ministry of Tourism lost US$12 million in dubious payments

Mabvuto Banda Over US$12 million (K4.8 billion) is suspected to have been siphoned out from the Ministry of Tourism between July and September 2013 through dubious payouts that have also led to the arrest of two senior officials at the ministry. During the six-months the Ministry paid out more than K5.8 billion, of which K363… Read More ›

How a #Malawi central bank policy helped the looting of public funds

By Mabvuto Banda New details have emerged that government instructed some commercial banks to honour all its cheques for any amount without any limit on behalf of the Reserve Bank of Malawi (RBM), a policy that looters took advantage of. A change in payment policy-according to an interim report from a Treasury-sanctioned investigative audit of… Read More ›

#Malawi finance minister, justice minister likely to lose jobs

Malawi’s Finance Minister Ken Lipenga and Justice Minister Ralph Kasambara are likely not going to come back into cabinet when President Joyce Banda’s appoints a new team, sources close to the presidency have revealed. Banda sacked her entire cabinet on Thursday evening in response to a financial scandal involving some ministers and top civil servants,… Read More ›

#Malawi finance minister faces calls to resign over graft at treasury

Malawi’s finance minister Ken Lipenga is facing calls to resign his position after last month’s shooting of his budget director followed by revelations of massive pilferage of public funds amounting to over K1.2 billion (over $4 million) from treasury. Paul Mphwiyo, appointed as budget director by President Joyce Banda early this year, was shot three… Read More ›

President Banda

President Banda says #Malawi not ready for any interim deal on Lake dispute with #Tanzania

Malawi President Joyce Banda on Sunday told mediators on the border dispute with Tanzania on Lake Malawi that she will not accept any interim deal over the lake until the wrangle is resolved. “My government is not, at this time willing to entertain any interim agreement on say, the environmental issues or Tanzania usage of… Read More ›

Former Brazilian President da Silva

Brazil’s da Silva to grace UNAIDS first ever summit in Malawi

UNAIDS and the Lancet Commission will this month hold the first ever summit in Malawi to be graced by world leaders among them, former president of Brazil, Luiz Inacio Lula da Silva Other commissioners who have already confirmed to attend the summit include the Benin President Boni Yayi, former president of Bostwna Festus Mogae, President… Read More ›

Shinzo Abe pledging more aid to Africa

Japan commits $32 billion to Africa’s development

Japanese Prime Minister Shinzo Abe has announced a $32 billion aid package to Africa over the next five years in an attempt to match China’s influence on the resource rich continent. “Japan will support African growth through public and private means of 3.2 trillion yen (about $32 billion) including ODA of around $14 million and… Read More ›

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