Skip to main content

Malawi Government will honor modified K58 billion Arms deal with SA Company Paramount Group

MZUZU, Sunday,
June 7, 2015 (MaraviPost): The Peter Mutharika administration soon after
attaining office let it publicly be known that Government was cancelling K58
billion (US$128.9 million) worth of Malawi Defense Force contracts with South
African military supplier Paramount Group. This was simply a bet and switch
negotiating tactic to gain better terms as contracts legally signed by a
previous government bounded the incoming administration.


It has now
come to light that the contract was a controversial one, as it included the
purchase of very expensive patrol boats. The Paramount Group, Africa’s largest
private defense and aerospace firm signed deals with the Malawian government
for agriculture, fuel and military contracts through a network of investment
firms. However the controversy sprung from the Sale of the Dassault Falcon
900EX Malawi presidential Jet to Bohnox Enterprises, a firm registered in the
British Virgin Islands and linked to Paramount Group.

Reports in
Malawi suggested that since the plane was sold, President Joyce Banda continued
to use it regularly to travel to events around the continent. The trips formed
part of a total of 20 private plane flights she took in just three months at
the end of 2013.    Malawi Government will honor modified K58 billion Arms deal with SA Company Paramount Group: Malawi Government will honor modified K58 billion Arms deal with SA Company Paramount Group

Comments

Post a Comment

Popular posts from this blog

REVEALED: Pastor TB Joshua’s Uncanny Influence In Tanzania

 “Our new President, John Magufuli, visited T.B. Joshua in Nigeria long before he even nursed a presidential ambition,” explained Eng. Ngimbwa, chairperson of the Tanzanian Contractors Registration Board. As Tanzania’s industrious Minister of Works, Magufuli visited The Synagogue, Church Of All Nations (SCOAN) in Lagos, Nigeria with his family in 2011, evidenced by a picture which surfaced on social media showing the Tanzanian politician holding hands with Joshua in the cleric’s office.  REVEALED: Pastor TB Joshua’s Uncanny Influence In Tanzania
Post a Comment
Read more

Zambian Elections declared Peaceful, Transparent, Credible, Free and Fair by SADC

The SADC Electoral Observation Mission (SEOM) to the Presidential By-Elections in the Republic of Zambia has declared the elections to have been peaceful, transparent, credible, free, and fair, thus reflecting the will of the people of Zambia in accordance with the National Laws and the SADC Principles and Guidelines Governing Democratic Elections. This is contained in the statement released today by Honourable Maite Nkoana-Mashabane, Chairperson of the SADC Ministerial Committee of the Organ, Minister of International Relations and Cooperation of the Republic of South Africa, and Head of the SADC Electoral Observer Mission to the Elections in the Republic of Zambia; accompanied by H.E. Dr. Stergomena Lawrence Tax, SADC Executive Secretary; and Members of the SADC Troika. The declaration is based on SEOM observations throughout the electoral process. SEOM observed that prior to the election; the political atmosphere was generally peaceful. However, the SEOM noted that there was int...
Post a Comment
Read more