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The Reserve Bank of Malawi (RBM) has appealed to the Supreme Court against the judgment made by Judge Kenyatta Nyirenda in August that ordered the Central Bank to re-tender contracts which were dubiously awarded to a company that did not qualify for bidding in the first place. Justice Kenyatta’s ruling followed an earlier determination from […]

Reserve Bank of Malawi (RBM) has applied for stay of application of judgment made by Judge Kenyatta Nyirenda who ordered the bank to restart procurement

Founder of Market Insights Tracking (Mitra), Albert Chigoga has distanced himself from Mitra Systems, the company that was controversially awarded the bid by the Reserve Bank of Malawi to supply and deliver ICT hardware for Flexcube Upgrade and ICT hardware for Automated Transfer System. The contact has since been nullified by the High Court and […]

The High Court has ordered the Reserve Bank of Malawi (RBM) to amend its submission so it sues the right party in a case it brought to court challenging the decision of the tender Review Committee of the Public Procurement and Disposal of Assets (PPDA). PPDA ordered RBM to retender the supply of ICT equipment whose winner was a local IT company but favoured a foreign owned business that was disqualified for not meeting the specified tender requirements. Certificate of Registration RBM took to court suing the local company, Sparc Systems Limited in a Civil Case Number 13 of 2021 and wanted the...

The Reserve Bank of Malawi (RBM) has, under panic and intense pressure, appealed to the High Court on a case in which it awarded two contracts to a firm that never met its own set evaluation criteria. The bank is desperately asking court to review the decision made by the Public Procurement and Disposal of Assets Authority (PPDA) in which the Central Bank was ordered to retender the award of Flexcube and ATS systems which it awarded to Mitra Systems Limited. But what is clear is that Mitra Systems Limited does not have the required skills and experience as per the evaluation criteria for the ...