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

Mutharika declares ten districts 'disaster areas' as 23,000 Malawians are displaced by floods

The entire southern Lower Shire Valley bordering Mozambique has also been declared a 'disaster area'. Vice President Saulos Chilima, government officials and journalists Tuesday aborted a planned tour to inspect the effects of the damage in the valley because the military helicopter could not fly due to bad weather. Mutharika appealed to the international community and NGOs to assist the flood victims. He said at least 23, 000 people have been made homeless following the flooding. He said the displaced people immediately need temporary shelter, food, medicine and clothing. "Government alone cannot afford so I appeal to the international community for urgent assistance," he said. Over 20 people across the country have died following the flooding.-maravipost Mutharika declares ten districts 'disaster areas' as 23,000 Malawians are displaced by floods : Mutharika declares ten districts 'disaster areas' as 23,000 Malawians are displaced by floods
Post a Comment
Read more

Malawi coup plotter suspect Goodall Gondwe resigns as economic planning minister

Malawi coup plotter suspect Goodall Gondwe resigns as economic planning minister Dr Goodall Gondwe, who is still recuperating from high blood pressure he suffered Monday after being arrested for allegedly trying to block President Banda’s ascendency to the Office of President last April has finally resigned as economic planning and development effective Frida
Post a Comment
Read more

Kenya - Civil War Brews in Kenya

Kenya - Civ . il War Brews in Kenya Faced with a combination of body blows ranging from spiking prices for maize, import dependent Kenya’s staple food, IMF mandated food subsidy cuts, a foolhardy USA instigated invasion of Somalia, election triggered ethnic warfare and a simmering independence movement by the Muslims in the Mombasa coastal region Kenya is in trouble, serious trouble. Hunger speculators lead by financial terrorists such as Goldman Sachs are using the drought in the USA, the worlds largest producer of maize/corn to drive prices to what are predicted to be record levels, more than doubling by early 2013 forcing Kenya’s imported maize dependent population’s malnutrition rate into meltdown status.
Post a Comment
Read more