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Local firms gang up against Asian owned Paramount Holdings

June 28, 2021 Nyasa Times Reporter 6 Comments Malawi President Lazarus Chakwera’s order that priority in the awarding of contracts must be given to indigenous businesses is being ignored as most contracts are awarded to foreigners and this is being influenced by top government officials, Nyasa Times has established. Paramount Holdings, one of government’s ‘sweetheart’ contractor, is facing a fight with indigenous firms, which are accusing the company of snatching away public contracts through backdoor dealings with undue influence from some top officials officials in the Tonse Alliance Government. Paramount Holdings, owned by an Asian, Prakash Ghedia, is among few foreign-owned companies that has been so lucky to be awarded several contracts across sectors; from construction to supply of all sorts of goods and services.

GESD project to enable service delivery in councils

Uncategorized The Governance to Enable Service Delivery (GESD) project that Government of Malawi is implementing will strengthen Local Authorities (LAs) institutional performance, responsiveness to citizens and management of resources for service delivery. The project, among others will support efforts towards strengthening financial control measures in LAs, support recruitment and training of LA internal auditors and review LA audit management committees and capacitate them. Briefing the Lilongwe full council, Capacity Development Specialist at National Local Government Finance Committee (NLGFC), Robins Gausi, said the project will be implemented in all the 28 LAs and will run for a period of five years. The project is being financed by the World Bank as a grant to the tune of US$100 million.

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