Recently, the Reserve Bank of Malawi released a tender for water chiller plants, pegged at K1.1bn. A firm known as  Anderson Engineering, outlined in a notice of intention to award contract published on its website on January 6, that the bank gave the contract to the firm because it was the lowest bidder.

Meanwhile, the central bank says it invited bidders with valid reasons restraining the bank from proceeding with the award of the contract to contact the chairperson of the Internal Procurement and Disposal Committee. The bank added that it will proceed to award the contract to Anderson Engineering if no bidder objects within 14 days.

In related news, last year, 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.