Loan Authorisation News Today

Supreme Court removes Khato, NBM, NBS Bank from case FND told to sue either President, Parliament or Minister of Finance The Supreme Court in Blantyre on Tuesday ordered that the case surrounding loan authorisation by Parliament to the Malawi Government for construction of Salima-Lilongwe Water Project be filed and continued at the High Court Civil

Khato Civils has filed an application seeking dismissal of a Forum for National Development’s (FND) injunction stopping local commercial banks from financing the multi-billion kwacha Salima-Lilongwe water project. The stay order granted by High Court Justice Ken Manda restrains NBS Bank plc and National Bank of Malawi plc from lending government K105 billion for the

The Salima-Lilongwe water project, initiated in 2015, was on Thursday thrown into further turmoil after Forum for National Development (FND) obtained an injunction restraining two commercial banks from providing funds and Khato Civils from performing on the project. The stay order granted by High Court Justice Ken Manda restrains NBS Bank plc and National Bank

Government says it is ready to prosecute public officers who flouted the law in the disposal of farm equipment procured with a $50 million loan from Exim Bank of India eight years ago. Attorney General Thabo Chakaka-Nyirenda confirmed in an interview on Wednesday that the matter , popularly known as tractorgate, is on the menu

Leader of the Opposition in the House of Parliament, Dr Godwin Friday has called for a National Health Insurance Programme to be put in place to help residents cover the cost of accessing needed health care. Friday made the call as he contributed to debate on a bill tabled by Minister of Finance, Camillo Gonsalves on October 17 that sought the approval of the Parliament to obtain a loan of …

There is a need for St Vincent and the Grenadines to become an export-driven country, if the Port Modernisation project is to bear successful fruit in coming years. This point was one of several made this week by Leader of the Opposition, Dr Godwin Friday as he contributed to a debate in Parliament on the Port Modernisation (Loan Authorisation) Bill (2022), which was successfully passed on July 25. The Act …

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