USDMK 1742.500.00GBPMK 2214.800.00ZARMK 95.600.00EURMK 1887.300.00USDMK 1742.500.00GBPMK 2214.800.00ZARMK 95.600.00EURMK 1887.300.00
Live
Loading live headlines…
Nyasa Times
National

'Austerity? Not here': Admarc CEO Botolo spends 10 months in lodges

The chief executive of cash-strapped state grain trader Admarc has spent about 10 months living in lodges at the corporation's expense. Ben Botolo, a former secretary to the Treasury who was appointed in December last year, has yet to move into the official house at Mudi residential estate in Blantyre. He says it is not [...]

Nyasa Times News Desk

Nyasa Times News Desk

Nyasa Times Reporter

20h ago · 1 min read

'Austerity? Not here': Admarc CEO Botolo spends 10 months in lodges
Text size100%

The chief executive of cash-strapped state grain trader Admarc has spent about 10 months living in lodges at the corporation's expense.

Ben Botolo, a former secretary to the Treasury who was appointed in December last year, has yet to move into the official house at Mudi residential estate in Blantyre. He says it is not habitable and is being renovated.

A senior official in the Office of the President and Cabinet, who asked not to be named, questioned why he has not moved in while the work goes on.

"This does not speak to the spirit of austerity measures," the official said. "If the other CEO lived in there then it must be fit enough for anyone."

Botolo shared videos showing an old, unpainted house that appears to be under renovation. He said his predecessor, Daniel Makata, left it in "tatters".

Makata disputes that, saying he left in February, though his contract ran to June.

"If the house was in tatters I would not have lived there," he said.

Botolo said Admarc has lacked the money to finish the work but expects it to be done this month.

He said he avoids hotels in favour of cheaper lodges costing about K135,000 a day, and works between Lilongwe and Blantyre on matters including salary payments.

He accepted the arrangement could attract criticism but said his priority was reviving Admarc.

The row comes as Admarc told the public in March it needs K144 billion to operate and restore itself during 2026/27.

Admarc board chairperson Grey Nyandule Phiri and Comptroller for Statutory Corporations Stuart Ligomeka have not commented on the matter.

#Featured#National

Discussion2

Comments are stored in local state for this demo.
  • GPGrace Phiri

    2h ago

    Finally some clarity on this. Thanks for the detailed breakdown.

  • JBJames Banda

    1h ago

    I hope the authorities actually follow through this time.

More from Blantyre / South

'Tikwere ndi wotsika': Castel Malawi's biggest ever promotion offers cars, bikes and cheaper prices
BusinessBlantyre / South
'Tikwere ndi wotsika': Castel Malawi's biggest ever promotion offers cars, bikes and cheaper prices

Malawi's leading alcoholic beverage producer has unveiled its biggest-ever promotion, slashing prices on popular beers and dangling the keys to a brand new pickup truck in front of thrilled customers, as the festive season approaches. Castel Malawi Limited officially launc hed the eye-catching 'Tikwere Ndi Wotsika Promotion' at its head office in Makata, Blantyre, with [...]

NTNDNyasa Times News Desk · 8h ago
Malawians forced to hitch rides and skip meals as fuel crisis sends bus fares rocketing
NationalLilongwe / Central
Malawians forced to hitch rides and skip meals as fuel crisis sends bus fares rocketing

Malawi's fuel crisis has sent bus fares through the roof — leaving skint commuters hitching lifts on the back of pickup trucks just to get to work. Fares have DOUBLED on some routes almost overnight, with passengers from Area 25 to Lilongwe's Old Town now stung for K6,000, up from K4,000. It's even worse heading [...]

NTNDNyasa Times News Desk · 27 mins ago
Wiskes signs MoU with LUANAR on natural resources collaboration
NationalLilongwe / Central
Wiskes signs MoU with LUANAR on natural resources collaboration

The Ministry of Natural Resources and the Lilongwe University of Agriculture and Natural Resources have signed a Memorandum of Understanding aimed at strengthening and institutionalising collaboration between the two institutions. The signing ceremony took place on Monday at the Ministry's headquarters at Capital Hill in Lilongwe. Minister of Natural Resources Patricia Wiskes said the MoU [...]

NTNDNyasa Times News Desk · 3h ago