Chakwera is Right, Banks and Corporations are Treated as Sacred Cows in Malawi

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ~ Henry Ford  Malawi’s leader of opposition, Lazarus Chakwera recently ruffled a few feathers when in his response to 2014/15 proposed national budget he accused Malawi government of offering ‘tax breaks’ to banks and corporations at the expense of struggling Malawians. ‘Experts’ on taxation and monetary issues swiftly faulted Chakwera’s statement on technical grounds. Corporations and monetary institutions have ‘experts’, including the best legal minds money can buy to Continue reading

Successful Zero-Aid Budget Requires Shared Sacrifice

“You never know how strong you are, until being strong is your only choice.” ~ Bob Marley It is no longer news that the 2014/15 national budget will not be subsidised by donors who contributes up to 40 per cent of the total budget. The donor pullout meant that Malawi government needed alternative ways of covering the deficit; we now know that Malawi has settled for what it calls ‘zero-aid’ budget, with a deficit of MK107 billion. It is not clear at the moment where this deficit will come from. Malawi Congress Party (MCP) registered their fears that the ‘zero-aid’ Continue reading

Waging War on Crime? It’s War on Social Inequalities Malawi Needs

President Peter Mutharika has ordered Home Affairs and Internal Security Minister, Paul Chibingu, “to wage war against crime and ensure that every perpetrator [of crimes] is dealt with accordingly,” as quoted by The Nation newspaper (01/09/2014). Perhaps with awareness that his directive would draw fears of heavy handedness by the folks, the President Mutharika advised the minister to ensure that the directive is carried out within the confines of the law. It is somewhat assuring that the State President is aware of the insecurity in the country. A recent Sunday Times investigation revealed that there has been an “upsurge in Continue reading