DPP Refutes Govt’s Accusations of Borrowed Funds Amid Socioeconomic Strain


The opposition Democratic Progressive Party (DPP) has denied recent statements by Minister of Information, Moses Kumkuyu that the party’s led government borrowed 800 million US dollars from Afreximbank which failed to be settled by 2020 when DPP left government.

Kumkuyu alleged that the incumbent government is for the meantime hurdling to square the loan, a situation which is posing socioeconomic challenges facing the country.

But according to DPP through a statement signed by Shadrick Namalomba, party’s spokesperson, the loan does not exist.

DPP says the purported amount for Afreximbank was bank’s investments in purchasing Malawi Government’s Treasury Bonds.

Meanwhile the letter has urged the government to stop such statements and accusations and develop monetory policies that would improve the economic status of the country.

Source: MIJ

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Edgar Naitha
Edgar Naitha
Reporter|| Music Promotor|| Videographer Email: info@faceofmalawi.com


  1. All these statements of :-they borrowed from such such banks we are paying such amt should not be an excuse,and the dpp should also not wasting our time in refuting the accusations,the truth is the country is in a mess and how best can this be corrected.Za ma bond mukunenazo zidachitika nthawi yanu ndie mukanapo chiani?

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