The New IFMIS is Malawi’s third attempt at installing a government financial management system. The selection of the SAP platform and its implementation approach was premised on the lessons learnt from the previous attempts and mistakes corrected.

Procurement of the New IFMIS System started in 2015. This process was Financed by World Bank under the Financial Reporting and Oversight Improvement Project (FROIP) in Malawi. Unfortunately, the FROIP project expired before acceptance of a successful bidder in April 2018.

The procurement process was an open tender and Malawi government decided to proceed with the procurement process using its own resources and thereafter awarded the contract to the successful bidder (Twenty Third Centuries) in March 2019.