ADVERTISEMENT
Mlatho Times
  • Home
  • News
    • All
    • Business
    • Crime
    • Culture
    • Politics
    • Religion
    • Tourism
    • World

    Bangwe Police nab serial robbers

    A minor drawns in Lirangwe River in Chiradzulu

    MERA iyimitsa Kaye mikumano yake ndi a Malawi

    MultiChoice Malawi to challenge MACRA over tariffs

    Police officer arrested for allegedly shooting a minibus driver

    Angry residents broke in a warehouse over relief items

    Trending Tags

    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Movie
    • Music
    • Sports

    FAM Caught between horns on Kajoke

    FIFA funds Nsanje Stadium project.

    Malawi beach soccer team humbled by Mozambique.

    Hail!!Malawi’s Earling Haaland- “Muyaba”

    Nankhumwa tokens fundraising match with 1 million kwacha

    Zambian football star Mwepu retires from cardiac arrest scare

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel

    Nsanje Lalanje MP commends ESCOM for restoration of Transformer at Phokera Health Centre

    Teenage pregnancy rate worrisome -Activist

    Mask Off !!- Govt

    Malawi still registering Covid cases.

    Rumphi district wins fight against TB

    Kamoto Donating Blood

    Airtel partners MBTS in blood donation drive

    Trending Tags

    • Fashion Week
  • Columns

    Ntchisi Youth Office in “go back to school” campaign

    Rainford Kainga writes

    Stanley Onjezani Keneni writes:

    Trending Tags

    • Education

      Nsanje DC promises to be part of the school inspection team

      We Are One Malawi donates food items to children with disability

      Mbale Primary school faces tough challenges

      Chanco faces indefinite closure.

      UNIMA Student’s to go on pollls.

      Blantyre youths conduct Mussa parade

      Govt and Stakeholders urged to promote poetry in schools

      Education levels hit a snag in Chiladzulu

      MUST itsegulilidwa, atatseka kamba kazipolowe

      Trending Tags

      • Malawi Metro Music
      • The Bulletin
      ADVERTISEMENT
      No Result
      View All Result
      • Home
      • News
        • All
        • Business
        • Crime
        • Culture
        • Politics
        • Religion
        • Tourism
        • World

        Bangwe Police nab serial robbers

        A minor drawns in Lirangwe River in Chiradzulu

        MERA iyimitsa Kaye mikumano yake ndi a Malawi

        MultiChoice Malawi to challenge MACRA over tariffs

        Police officer arrested for allegedly shooting a minibus driver

        Angry residents broke in a warehouse over relief items

        Trending Tags

        • Market Stories
        • Election Results
      • Entertainment
        • All
        • Movie
        • Music
        • Sports

        FAM Caught between horns on Kajoke

        FIFA funds Nsanje Stadium project.

        Malawi beach soccer team humbled by Mozambique.

        Hail!!Malawi’s Earling Haaland- “Muyaba”

        Nankhumwa tokens fundraising match with 1 million kwacha

        Zambian football star Mwepu retires from cardiac arrest scare

      • Lifestyle
        • All
        • Fashion
        • Food
        • Health
        • Travel

        Nsanje Lalanje MP commends ESCOM for restoration of Transformer at Phokera Health Centre

        Teenage pregnancy rate worrisome -Activist

        Mask Off !!- Govt

        Malawi still registering Covid cases.

        Rumphi district wins fight against TB

        Kamoto Donating Blood

        Airtel partners MBTS in blood donation drive

        Trending Tags

        • Fashion Week
      • Columns

        Ntchisi Youth Office in “go back to school” campaign

        Rainford Kainga writes

        Stanley Onjezani Keneni writes:

        Trending Tags

        • Education

          Nsanje DC promises to be part of the school inspection team

          We Are One Malawi donates food items to children with disability

          Mbale Primary school faces tough challenges

          Chanco faces indefinite closure.

          UNIMA Student’s to go on pollls.

          Blantyre youths conduct Mussa parade

          Govt and Stakeholders urged to promote poetry in schools

          Education levels hit a snag in Chiladzulu

          MUST itsegulilidwa, atatseka kamba kazipolowe

          Trending Tags

          • Malawi Metro Music
          • The Bulletin
          No Result
          View All Result
          Mlatho Times
          No Result
          View All Result
          ADVERTISEMENT
          Home National

          Govt cancels Mulli’s K11bn MSB toxic loan repayment debt

          Chaweya Mzembe by Chaweya Mzembe
          13 March 2021
          in National, News, Politics
          0
          0
          SHARES
          22
          VIEWS
          Share on FacebookShare on TwitterShare on Whatsapp

          Government has disclosed that only one defaulter out of the 13 defaulters who owed government K11 billion realised after the sale of Malawi Savings Bank (MSB) has paid the dues.

          Making the proclamation in Parliament on Friday, Finance Minister Felix Mlusu said government has also nullified loan repayment agreement by the defaulters including Mulli Brothers Limited which owes government over K10 billion which was agreed to be paid in a period of 167 years at rate of K5 million per month.

          “Some of the defaulters they managed to reach agreement with government that they should pay the loan over a very long period and there was one particular defaulter where the total debt at that time was standing just slightly over K10 billion.

          “When we came in to government, having reviewed all that we obviously found that it’s not economical and it doesn’t make sense so we had to revisit the issue and it meant that agreement which was reached by government it had to be reviewed and that agreement has been nullified by the Court,” said Mlusu.

          He added that government has already started the process of collecting back the loan using Debt Collection Company for MSB toxic loans to recover the money.

          “The process has already started, the previous administration set up a company debt collection company for MSB toxic loans and the company is still existing.

          ADVERTISEMENT

          “All we are doing is to ask that company to start that process again and they have started the process, we have had meeting with the Board of Directors of that company and they are going ahead to follow the normal processes of discussing with the defaulters,” said Mlusu.

          He disclosed that the company has so far paid K75 million.

          Tags: Govt loans cancelled
          Chaweya Mzembe

          Chaweya Mzembe

          Stay Connected test

          • Trending
          • Comments
          • Latest

          MIA’S SECOND WIFE REJECTS K40M AS HER PART OF ESTATE BENEFIT

          9 May 2021

          Giddes Chalamanda given K2 million worth grocery store

          14 September 2020

          Presidential advisor Lucius Banda hospitalised

          5 January 2021

          Exam classes to get sample papers from MANEB

          15 September 2020

          CSOs lobby for Covid -19 internet reduction services

          1

          APM, JB must get matured – Analyst

          0

          25 year old man arrested for possessing cell phones without supporting documents

          0

          Polling Date not set – AG

          0

          FAM Caught between horns on Kajoke

          26 May 2023

          Bangwe Police nab serial robbers

          17 May 2023

          A minor drawns in Lirangwe River in Chiradzulu

          1 March 2023

          Chaos in Parliament as Chakwera delivers SONA

          23 February 2023

          Recent News

          FAM Caught between horns on Kajoke

          26 May 2023
          4

          Bangwe Police nab serial robbers

          17 May 2023
          3

          A minor drawns in Lirangwe River in Chiradzulu

          1 March 2023
          7

          Chaos in Parliament as Chakwera delivers SONA

          23 February 2023
          8

          Mlatho Times

          Mlatho Times

          We bring you the best news happening in Malawi and around the world.

          Follow Us

          Browse by Category

          • Agriculture
          • Business
          • Columns
          • Crime
          • Culture
          • Education
          • Entertainment
          • Environment
          • Fashion
          • Food
          • Health
          • International
          • Lifestyle
          • Malawi 2020 Elections
          • Malawi Art
          • Movie
          • Music
          • National
          • News
          • Opinion
          • Politics
          • Religion
          • Sports
          • Tourism
          • Travel
          • World

          Recent News

          FAM Caught between horns on Kajoke

          26 May 2023

          Bangwe Police nab serial robbers

          17 May 2023
          • Advertise with us
          • Contact Us

          © 2020 Mlatho Times - Website by Compufix Ltd.

          No Result
          View All Result
          • Home
          • National
          • Politics
          • Sports
          • Health
          • Travel
          • World
          • Columns
          • Education

          © 2020 Mlatho Times - Website by Compufix Ltd.