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Tag: Goodal Gondwe

Former Finance Minister Tips Govt On Economy

Former Finance Minister Tips Govt On Economy

Stories
Former Finance Minister Goodall Gondwe is tipping authorities to swiftly meet the IMF’s terms in order to rescucitate the economy. Gondwe’s remarks come at a time Lilongwe is yet to reach a deal with the International Monetary Fund –IMF for an Extended Credit Facility –ECF program. Neighbouring Tanzania and Mozambique secured their IMF deals recently while Zambia secured 1.3 billion dollar zero interest loan to stabilise its economy. Reports indicate that Malawi has not yet qualified for the ECF program because of the severe debt situation, financial misreporting and corruption among other factors. The situation risks paralyzing some businesses as the country is quickly running out of fuel due to forex scarcity. Gondwe describes the current situation as a crisis
Tonse Govt Failed Miserably – Gondwe

Tonse Govt Failed Miserably – Gondwe

Politics
Former finance minister and DPP Vice President for the north Goodall Gondwe has told the Tonse Alliance led government that it is there to provide solutions to socio-economic challenges the country is facing. He observes that government is only playing rhetorics as most of their compaign promises have not been fulfilled. He cited some road projects in the northern region, Mombera University now Inkosi M'mbelwa University as some key developments people have been waiting for. Gondwe added that he sees no reason for Malawians to vote for the Tonse Alliance in 2025 because they have failed to implement their own development agenda. Tonse Alliance is yet to comment.
Chakwera eats a humble pie, reverts to DPP’s VP North Goodal Gondwe for help

Chakwera eats a humble pie, reverts to DPP’s VP North Goodal Gondwe for help

Stories
President Chakwera has sent invitation letter to one of best economic gurus in the country and who is also DPP' Vice President for North, Goodal Gondwe to be part of the delegation scheduled to meet the IMF team which is expected to jet in next for a make or break talks, according to the Intel the publication has been tipped. Goodal Gondwe is regarded has the best Finance Minister in Malawi by all standards. This vindicates that President Chakwera has lost trust in his own government heavyweights among them finance minister, Gwengwe. President Chakwera is under economic pressure to try to salvage the economy before the country plunges into recession. It is not yet known if Gondwe has accepted to be part of the delegation. Meanwhile the country has no forex to basic needs in...