APM weighs in on hotel deal

Zimbabwe News Update

🇿🇼 Published: 15 March 2026
📘 Source: MWNation

MWNation
MWNation News

President Peter Mutharika yesterday said he will let the oversight process into the Public Service Pension Fund Trust’s (PSPFT) purchase acinterference.

In response, governance groups yesterday urged him to take decisive action against officials who may be implicated in any wrong doing.

In a statement yesterday, Mutharika—who said he has been closely monitoring the ongoing inquiry by the Public Accounts Committee (PAC) of Parliament into the controversial K128.7 billion hotel deal; said his administration’s commitment to transparency, accountability and the rule of law is absolute.

“The fact that this inquiry is taking place is proof of our resolve to let oversight institutions work without interference,” he said, adding that “the [PAC] has my full support. As I promised upon assuming office, I will not shield anyone involved in corruption. That promise remains unbroken.”

Mutharika described public office as “a sacred trust” and warned any misuse of public resources or influence for personal gain betrays that trust.

Meanwhile, Centre for Social Accountability and Transparency executive director Willy Kambwandira said the President’s stance must be followed by action.

“This matter involves significant public resources and raises serious questions about procurement integrity, value for money and possible abuse of office,” he charged.

Kambwandira emphasized that the inquiry should indeed proceed without political interference, with full disc

MWNation
MWNation News

losure of all contractual, financial and decision-making processes surrounding the transaction.

“Ultimately, the credibility of the President’s statement will be judged not by words, but whether the investigation leads to the truth being established, accountability enforced and any wrongdoing prosecuted regardless of the status and position of those involved,” he said.

In a separate interview, Human Rights Defenders Coalition chairperson Michael Kaiyatsa said the public expects full accountability for all those involved, no matter how powerful or politically-connected they may be.

“Malawians are tired of scandals that generate headlines, but end without consequences,” he said.

PAC chairperson Steve Malondera was not immediately available for comment yesterday on the President’s comments and those of the governance groups.

Two weeks ago, it was the Mutharika administration, through Minister of Finance, Economic Planning and Decentralisation Joseph Mwanamvekha, that urged Parliament to scrutinize the Amaryllis Hotel transaction and other PSPTF property acquisitions suspected to have been overpriced, including the former Sigelege Hotel, rebranded to Lifestyle Boutique Hotel, in Lilongwe.

“We are equally concerned like any of you and we would want to know the truth,” said the minister, adding that government is ready to support the inquiry with required resources.

On Thursday, Anti-Corruption Bureau (ACB) acting director general Gabriel Chembezi said the graft-busting entity would, within two days, issue a freeze order stopping payment of the balance to the seller, Yusuf Investment Limited.

📖 Continue Reading
This is a preview of the full article. To read the complete story, click the button below.

Read Full Article on MWNation

AllZimNews aggregates content from various trusted sources to keep you informed.

📰 Article Attribution
Originally published by MWNation • March 15, 2026

Powered by
AllZimNews

All Zim News – Bringing you the latest news and updates.

By Hope