NBS Bank urges Malawi’s Councils to turn revenue into results
NBS Bank has asked local councils in Malawi to demonstrate effective money management. This request comes before the councils seek additional funding. Alfred Nhlema spoke on behalf of the bank's chief executive during a Thursday event in Blantyre. He stated that devolution must involve the transfer of responsibility and accountability. The bank believes that funds should be accompanied by these standards. The goal is for councils to turn their revenue into actual results.
NBS Bank has called on Malawi’s local councils to prove they can collect and manage money well before asking for more of it, saying devolution must transfer responsibility and accountability as well as funds. Speaking in Blantyre on Thursday, Alfred Nhlema, on behalf of the chief executive of NBS Bank plc, made the remarks at […] The post NBS Bank urges Malawi’s Councils to turn revenue into results appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .