Yes I would agree there few pennies - it appears the international election observers present at the recent election were duped or were not allowed fair access.
Anyway I believe these type of countries need major change - only way is to change the system and put in place severe penalties - they need to be independent with governance - elections and such. Put in harsh penalties - 10 year jail terms - problem fixed. Obviously it's not that easy in a country that gives the president immunity from any prosecution for corruption and such - that flows through the system - down the chain of command and they are all back slapping - on the take criminals at the expense of the people they use.
At least Chakwera slated a monumental move in the right direction in his election campaign - he would have this "immunity" removed. He also stated he would change the current "first past the post winner" electoral system - which in turn would prevent exactly what is happening here. He made it very clear on corruption. Giant steps forward - if achieved. Muthy - he doesn't want change - just rampant corruption at the expense of the country - electoral system remains the same so he can do exactly what he is doing and of course no one to answer to - he has immunity. It's not just him - previous president Joyce Banda was the same (cashgate, etc) - now someone - Chakwera comes along delivering messages of change for the good of the country - but the old system prevents such.
There are numerous international companies being prevented from actively operating in Malawi - they simply do not know where they stand and are sitting on their collective hands awaiting archaic Mutharika policies.
SOVEREIGN RISK - GOT TO LOVE IT.
SVM Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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