Malawi banks warn each other on Kaonga, Nserebo ‘loan tricks’

Commercial banks in Malawi are warning each other to take extra care when dealing with two ‘businessmen’ Ernest Kaonga of Maranatha Private Schools and Elvis Nserebo of Matindi Private Schools. It has been established that the two are using “tricks” to obtain huge amounts of loans from different banks and make it harder for the […]

ACB clears Matindi FM owner on cashgate: Lutepo has no stakes in Nserebo’s Agrofeeds

Anti-Corruption Bureau (ACB ) cleared Agrifeeds Limited and owner Elvis Nserebo, who also owns Matindi FM and Schools of any wrong-doing in the cashgate corruption scandal. The clearance letter in Nyasa Times possession, dated 9th May, 2014, Ref No. ACB/DGG/8/10, was signed by ACB’s Deputy Director General Reyneck Matemba. The letter clears rumours viral on […]