{"id":51147,"date":"2023-10-21T21:34:00","date_gmt":"2023-10-21T21:34:00","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/tnm-sponsors-k5m-towards-malawi-institute-of-procurement-and-supply-lakeshore-indaba"},"modified":"2023-10-21T21:34:00","modified_gmt":"2023-10-21T21:34:00","slug":"tnm-sponsors-k5m-towards-malawi-institute-of-procurement-and-supply-lakeshore-indaba","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/tnm-sponsors-k5m-towards-malawi-institute-of-procurement-and-supply-lakeshore-indaba","title":{"rendered":"TNM sponsors K5m towards Malawi Institute of Procurement and Supply lakeshore indaba"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>In recognition of the role of the procurement profession, TNM Plc has contributed K5 million towards this year\u2019s Malawi Institute of Procurement and Supply (MIPS) lakeshore conference underway in Mangochi up to Saturday, October 21.<\/p>\n

Presenting the sponsorship on Wednesday, TNM Corporate Affairs Manager, Limbani Nsapato said the contribution it is in recognition of the critical role of procurement and supply professionals in nation building efforts through various procurement decisions and processes undertaken in the private and public sector.<\/p>\n

According to MIPS, procurement activities take up an estimated 70% of all national budget activities and Nsapato emphasised that \u201cprocurement and supply form an important ecosystem in national economic activity, including the management of public and private projects of any size\u201d.<\/p>\n

\u201cTNM greatly values the intermediation role of procurement in driving the flow of finances between private and public sector, and in shaping the development of the country\u2019s national payment systems,\u201d he said.<\/p>\n

Receiving the contribution, MIPS Board member, Maureen Mbejere, who is chairperson of the finance & administration committee, applauded TNM for responding to their need to elevate dialogue on sector-specific issues through the annual lakeshore conference platform.<\/p>\n

\u201cThis contribution will no doubt contribute to the success of this year\u2019s conference which will brainstorm how procurement can continue to contribute to economic development, and also raise awareness about the profession,\u201d she said.<\/p>\n

The theme for this year\u2019s conference being held at Sunbird Nkopola in Mangochi from Wednesday is: \u2018Demystifying the Hidden Costs of Procurement and Supply Chain Management\u2019.<\/p>\n

MIPS was established to regulate and promote interests of the procurement profession as well as raise the sector\u2019s profile.<\/p>\n

At the launch of MIPS Act in 2016, Vice-President Saulos Chilima described the legislation as a milestone and genesis for a great future for the country and the profession.<\/p>\n

Chilima said in order to achieve its aims and objectives, the leadership of the Institute and its members have a role to play to ensure smooth execution of the Act.<\/p>\n

\u201cOn our part as government, our role is to support implementation through political will,\u201d he had said. \u201cGovernment will provide all the necessary support for the Institute to operate independently without political in interference.<\/p>\n

\u201cWhen we talk of political interference there is also what we call Reverse Political Interference; this is when you professionals try as much as possible to make yourself political by aligning with politicians, forcing them to do something wrong so that you benefit, this has to stop.\u201d<\/p>\n

The VP appealed to procurement professionals to do their job without wearing any political colors and to always think of Malawians that they are serving as they deserve better and owe it to them.<\/p>\n

He also called attention to the fact that the MIPS Act is part of solutions in ensuring that there is transparent and credible procurement process in both public and private sector.<\/p>\n

\u201cThe MIPS Act, is critically important for the sole reason that it will ensure that goods and services for government ministries, departments and agencies and the private sector to be procured by qualified and ethical professionals regulated by a professional body established by law,\u201d Chilima had said.<\/p>\n

The MIPS Act of 2016 made provisions for the establishment of MIPS, to be run by a secretariat and overseen by a Board of Directors, providing license to practice to ensure that procurement in private and public institutions be undertaken by professionals who will be required to meet minimum ethical and professional standards.<\/p>\n

Accreditation of training institutions and providing mandatory membership to employees who carry out procurement and supply chain functions in both private and public sectors.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. In recognition of the role of the procurement profession, TNM Plc has contributed K5 million towards this year\u2019s Malawi Institute of Procurement and Supply (MIPS) lakeshore conference underway in Mangochi up to Saturday, October 21. Presenting the sponsorship on Wednesday, TNM Corporate Affairs Manager, Limbani Nsapato said the contribution it is in […]<\/p>\n","protected":false},"author":84,"featured_media":51146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,234],"class_list":["post-51147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nTNM sponsors K5m towards Malawi Institute of Procurement and Supply lakeshore indaba - Malawi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/tnm-sponsors-k5m-towards-malawi-institute-of-procurement-and-supply-lakeshore-indaba\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TNM sponsors K5m towards Malawi Institute of Procurement and Supply lakeshore indaba\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Malawi. 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