The High Court has ordered the Reserve Bank of Malawi (RBM) to amend its submission so it sues the right party in a case it brought to court challenging the decision of the tender Review Committee of the Public Procurement and Disposal of Assets (PPDA).
PPDA ordered RBM to retender the supply of ICT equipment whose winner was a local IT company but favoured a foreign owned business that was disqualified for not meeting the specified tender requirements.
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RBM took to court suing the local company, Sparc Systems Limited in a Civil Case Number 13 of 2021 and wanted the High Court to set aside the PPDA Review Committee ruling which ordered a retender of the contract which was wrongfully awarded to Mitra Systems Limited which is jointly owned by a Rwandan, Robert Beninimana and a Zimbabwean, Martin Masawi.
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Reserve Bank of Malawi goofs on ICT procurement deal
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NEW DELHI: The benchmark equity index BSE Sensex was trading 1905.18 points down at 49134.13 on account of selling in frontline bluechip counters.
On the BSE, MRC Exim (down 18.52 per cent) , ABB Power Products (down 11.72 per cent) , Diksat Transworld (down 10.67 per cent) , Sanco Trans (down 10 per cent) , RGF Capital Markets (down 10.00 per cent) , Valencia Nutrition (down 9.96 per cent) , ICL Organic Dairy (down 9.90 per cent) , Kilpest India (down 9.11 per cent) , SSPN Finance (down 9.00 per cent) and Sparc Systems (down 8.96 per cent) were among the top losers.
In the Nifty pack, 1 stocks were in the green, while 49 stocks were in the red.