RBM CALLS FOR HONEST PROCUREMENT – Malawi Live

During the opening of the Malawi Institute of Procurement and Supply (Mips) Annual Lakeshore Conference, the Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe has called for efficient and effective procurement practices to curb misuse of public funds.

Kabambe urged procurement professionals to be diligent in safeguarding the prevailing macro-economic stability and endeavour to work hard towards attaining strong prospects of economic growth and sustainable levels of public debt.

The procurement process in Malawi has seen unceasing reform, as in 2017, lawmakers passed an insertion to the Public Procurement and Disposal of Public Assets Act, which stated that the 60% of Government’s procurement needs must be from black indigenous Malawians. Following the law, which is said to be violated since its inception, the Director General of Public  Procurement and Disposal of Assets Authority (PPDA) has addressed the matter in a circular sent to heads of various parastatals and other public institutions.

The Director General of the PPDA, Elias Hausi has also outlined the procurement process, stating that the indigenous black Malawians shall be required to prove their to prove their business ownership by attaching to their bids or quotations and colored copies of their Malawi National identity Cards.