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The claim follows a February 3 ruling by the Malawi Supreme Court of Appeal that the Reserve Bank of Malawi (above) acted unlawfully when it revoked the Finance Bank of Malawi’s licence in May 2005.
AFRICA

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…

  • Collins Mtika
5 min read