US Edition14 parastatal boards remain vacant
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Parastatals hide bank accounts
By Kingsley Jassi: It has emerged that the Treasury is tracking some State-owned Enterprises (SOEs) that are evading the new policy that mandates them to transfer bank accounts to the Reserve Bank of Malawi (RBM). A presentation made at the signing of SOEs shareholders’ letters of expectation indicated that an assessment on progress of policy implementation found resistance as one of the major challenges. Simplex Chithyola Banda However, Finance…
14 parastatal boards remain vacant
The appointment of a new board of directors for Agricultural Development and Marketing Corporation (Admarc) on Tuesday has left 14 parastatals operating without functioning boards for more than three months, it has emerged. The affected parastatals include Air Cargo Limited, Airport Development Limited, Cannabis Regulatory Authority, Greenbelt Authority and Lilongwe Handling Company. Its board was appointed on Tuesday: Admarc. | Nation Others ar…
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