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Dissapointed citizen’s letter to the State President on Finance minister

Letter to the President. Dear Madam Joyce Banda H.E In am convinced that there is something seriously wrong going on between your Excellency and Dr. Ken Lipenga Minister of Finance in your government. This minister expressly admitted having lied to the nation by lying that the Zero Deficit budget was performing well during the Bingu Wa Mutharika administration. He admitted that MRA used to borrow money from...

Malawi in a deeper financial crisis

Malawi Congress Party's Felix Jumbe who is also former President of the Farmers' Union of Malawi (FUM) claims Malawi is in a deeper financial crisis. Below is what Jumbe posted on his Facebook account (UNEDITED): Malawi in for a Financial Crisis like that of Zimbabwe. 1. Government borrowing direct from Reserve Bank is restricted by the Reserve Bank Act to 20% of government revenue. 2. Government borrowing...

How governments lose money – according to Author Stanley Kenani

Memo from President to Minister of Finance: Honourable Minister, would you please make available, as a matter of urgency, $1 million for my trip to Europe? Memo from Minister of Finance to Secretary of the Treasury: Sir: Would you please make available, as a matter of urgency, $2 million for use by the President on the impending tour of Europe? You would do well to deliver this...

MK192 BN out of Capital hill since JB took over

A report allegedly produced by the Public Affairs Committee (PAC), which is yet to be authenticated, indicates that money amounting to MK192 billion has found its way out of Capital hill ever since Joyce Banda took over the Presidency on April 7, 2012. The money has not gone out to legal purposes and did not leave through the legal doors or purposes, it just grew...

We will parade you naked street by street, handle you physically — PP warns activist Kabwila

They are tired of her activism, tired of her relentless criticism and ruling Peoples' Party youth officials have threatened activist Jessie Kabwila that they will deal with her physically. Writing on Facebook, one of the party loudmouths on the social forum, Tao Bin Mohammed Taonga, has described Kabwila as a foolish woman and her actions foolish as well. "Any attack on our president (by her)...

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