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| Demonstrators against MSB sale |
Malawians welcome President Mutharika decision to suspend the sale of Malawi Savings Bank and pave way for the public debate.
On Wednesday evening President Mutharika announced the suspension of the sale having listened to both opposing and supporting views.
Recently some concerned Malawians and Civil Society Organisations protested against the sale of MSB
President Mutharika in a statement did not hide to mention that though a lot spoke with one voice, but those who have ventured to do so have mostly spoken from a partisan point of view or without full knowledge or proper information. As a result, the real and actual financial status of Malawi Savings Bank has been blurred.
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| President Mutharika |
In a statement President Mutharika says though the fact remains that MSB has serious liquidity problems which financial experts maintains the disposal of the bank, it is clear that the reasons for opposition are political for some people and sentimental for others
Mutharika has called upon everyone to approach this matter with an open mind.
Mutharika has further invited all those who have spoken on this matter including the Members of Parliament, civil society organizations and the experts to come up with reasonable proposals covering all the aspects of the transaction so that they map the way forward and further appeals to all sides of the debate to speak about this matter in a manner which is fair, objective and non-partisan.
In the streets people have welcomed the decision to suspend the sale arguing that MSB is a public asset and decision made by few individuals was wrong and hopes that the process will be done in a transparent manner
Some said there is no need to sell the bank as the decision will not benefit Malawians.
Going forward others says wide consultation is necessary.
Get President Mutharika speech Read or download
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