Over K12 billion vanishes at Malawi Reserve Bank

A Reserve Bank of Malawi (RBM) fund has lost over K12 billion through acts of gross negligence and abuse of office, a special audit report has revealed. The money was lost at Export Development Fund (EDF), a Reserve Bank of Malawi subsidiary established in 2012 as a private development finance institution (DFI) for export businesses. … Continue reading Over K12 billion vanishes at Malawi Reserve Bank