The National Economic Empowerment Fund (Neef) has backed its decision to offer personal loans to State Residences staff, saying the arrangement is part of the government-backed employee loans. Neef credit manager Whyghtone Mweta in an interview yesterday said there is no politicisation of the fund and State Residence staff will get the loans in the
The avowed objectives of all the past and present loan initiatives such as the Malawi Rural Development Fund (Mardef), Youth Enterprise Development Fund (Yedf), Malawi Enterprise Development Fund (Medf) and the National Economic Empowerment Fund (Neef) sound noble. They target Malawians and are aimed at reducing extreme poverty among the people. But on the ground,
Imagine that your mother has just brought you into this world. Then, instead of bringing you with that motherly love and care a mother is proudly known for, t