Africa

Eswatini’s oil reserve gamble

Eswatini has signed a $300 million agreement with Taiwan to build a massive strategic oil reserve but the project is raising difficult questions in a country battling deepening poverty, soaring unemployment and allegations of elite enrichment

Defunct Malawian Bank seeks $552m compensation

Defunct Malawian Bank seeks $552m compensation

A bank that ceased operations more than two decades ago is seeking compensation from Malawi that could approach a 10th of the country’s annual budget, following a court ruling that regulators illegally revoked its licence