MALAWI GOVT WARN OVER LOAN facility

Govt warns councillors over loan facility

Malawi government through the ministry of local government and rural development has warned councillors to be faithful in repaying their loans.Government approved a loan of MK1 million kwacha for each councillor to enable the politicians to purchase motorbikes as a way of solving mobility challenge.Kondwani NankhumwaNankhumwa: Issues a stern warning.Speaking at the launch of the loan on Tuesday, minister of local government and rural development Kondwani Nakhumwa said government looks forward to get back all the money.“This is a good move to go by, as government we will try that we recover back the money,” said Nankhumwa. “This 1 million kwacha is not a gift.”Government expects to recover back the money from each councillor in a period of 33 months and the loans have a ten percent interest rate.Malawi has 462 councillors which means government is to spend MK462 million on the loans.