Thu. Apr 18th, 2024

Gwengwe Clarifies His Nonsense Remark

By Suleman Chitera Jan11,2023

Finance Minister, Sosten Gwengwe clarifies that a video clip making rounds on social media with his ‘nonsense remark’ has been mispresented.

He said he did not mean the 6.8 billion dollars deal with the Bridgin Foundation was nonsense.

“The word “nonsense” was not referring to the deal but it was a response to an issue one of the participants in the pre-budget consultation meeting that was taking place today in Lilongwe,” Gwengwe says.

He was speaking on Times Talk Programme on Times Radio; stressing the funds in the deal would be available but could not specify the exact time.

The minister further said the participant in question was trying to accuse them of squandering the funds which he said was diverting the people’s attention from the serious discussion on the pre-budget consultations.

The Malawi Government signed the deal in November last year with the hope the Foundation would help in financing some already earmarked high profile projects for the attainment of the Malawi 2063.

But there are doubts on whether the deal would really materialize or not as details of the Foundation remain sketchy even on its website, raising questions on its reliability and trustworthiness.

Related Posts
Economy To Grow By 2.7 Percent In 2023-Gwengwe

Finance Minister, Sosten Gwengwe says the country's economy is projected to grow by 2.7 % this year; adding some macro-economic Read more

Put Interests Malawi First, Gwengwe

Minister of Finance Sosten Gwengwe has implored economists in the country to put the interests of the nation first if Read more

Gwengwe Refute Reports That IMF will Not Provide ECF To Malawi

Finance Minister, Sosten Gwengwe has refuted latest reports that International Monetary Fund-IMF will not provide Malawi with an Extended Credit Read more

25% Devaluation Necessarily Evil- Gwengwe

Minister of Finance , Sosten Gwengwe has today told Parliament that the 25 percent devaluation effected two months ago was Read more

Other stories

Leave a Reply

Your email address will not be published. Required fields are marked *

President Lazarus Chakwera has officially opened the Blantyre International Cancer Centre, The private health facility, has been constructed by the Thomson and Barbara Mpinganjira Foundation