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
Malawi’s rollout of a digital tax platform has triggered widespread business protests, with traders arguing that economic pressures and foreign exchange shortages were ignored during consultations
The unusually forceful intervention highlights concerns about governance in the management of public retirement savings
Malawi’s anti-corruption chief is accused of using confidential case files to pressure a parliamentary probe into a controversial pension fund deal.
During the same parliamentary hearings, the Reserve Bank of Malawi disclosed that investigators had traced 72.6 billion kwacha linked to financial flows associated with the Amaryllis deal
The move could undermine Lilongwe’s pursuit of a new programme with the International Monetary Fund