Malawi ministers embroiled in $5m ‘ghost’ timber firm
Malawi’s current finance minister, Goodall Gondwe, helped to facilitate a 1.8-billion Malawi kwacha state loan for a timber processing factory that, three years later, has not got off the ground. This week neither the wholly state-owned Malawi Savings Bank, which made the loan, nor the Treasury’s Export Development Fund, which guaranteed it, would explain what […]