Malawi President Joyce Banda Sells Presidential Jet For $15 Million

Africa Online News

Malawi President Joyce Banda Sells Presidential Jet For $15 Million

Malawi’s luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday.

Mutharika, who left the economy on the brink of collapse after he picked a fight with donors whose support accounted for almost 40 percent of the budget, bought the jet for $22 million in 2009. He said the plane matched his status and was cheaper than flying commercially.

Britain, Malawi’s main bilateral donor, criticised the purchase and reduced its aid budget to Mutharika’s government by 3 million pounds ($4.5 million) because if it.

President Joyce Banda, who took office in April last year after Mutharika died of a heart attack, made the sale of the jet a priority as she sought to repair the economic damage.

Chintu Phiri, principal secretary in the office of the President and Cabinet, told…

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