DPP Guru’s face arrest over Salima Sugar
….Former SPC, Finance Minister on the list….Indian Directors accused of blocking K623 million payment….Govt seeks to change shareholding The battle for the control of Salima Sugar Company is...
Category: Business
Simbi’s K370 billion Giyani headache: Malawi billionaire returns home by private plane
…SA Govt moves to declare contract illegal …accused contractors of inflating costs ….Khato completed 92% of works Malawi’s construction billionaire Simbi Phiri on Tuesday this week returned...
Kwacha devalued by 44 percent!
The Reserve Bank of Malawi has devalued the Malawi kwacha from its official selling rate of K1180 to K1700. The Bank recently rejected insinuations of devaluation. This means the cost of...
Steenkamp arrest in Malawi: a fugitive with K24 billion cash
…a dozen accounts frozen with billions kwacha …on Interpol list, bought Malawi passport …wants ECO Bank Managers jailed Malawi is a crime scene, but the impunity at the Immigration Department...
Looting Salima Sugar Company Part 1: Indian businessmen looted over K135bn
…Used the company to raise share capital …K4 billion cash triggered investigation …Chairman Betgiri and friends won a tender they never bid Indian businessmen assisted by Senior Malawi...
Malawis Salima Sugar: The K114 billion scam
…K38 billion Indian loan serviced by tax payers ...no profits, dividends, no sugar in shops…two murky versions, New Chair Kosamu promises change A total of K114 billion (US$72) million was...
Time up, Time to elect new leaders
….Chilima to know his fate June 18, 2025 …Parliament to dissolve June 16, 2025 …Pilot registration this November The 2025 election season has already started, with the Malawi Electoral...
Forex cartels loot K336 billion a year
…K18bn externalised in April by Chinese …338 cards ladies was deal gone sour ..Prophet, Sheikh, Chinese, Politicians all part of it Over K10 billion worth of foreign exchange is externalised...
Forex woes to impact on fuel
..NOCMA claims needs K500 billion ..K20 billion debt choke private importers The secretive National Oil Company (NOCMA) says it needs at least K500 billion (US$460 million) to import fuel for the...
Nyasa Manufacturing owner probe could dent Malawis’ image
...RBM, FIA risks Malawis blacklisting The laxity by the Financial Intelligence Agency (FIA) and Reserve Bank of Malawi (RBM) to probe funds used to procure 50 percent stake in Nyasa Manufacturing...