ESCOM prepaid units worth K60 billion sold on black market

Electricity Supply Corporation of Malawi (ESCOM) has lost K60 billion since 2018 due to a syndicate involving employees who have been selling prepaid units to companies and individuals in the country through parallel structures. ESCOM Chief Executive Officer Kamkwamba Kumwenda revealed the fraud, saying the sale of the unit started in 2018 after the company … Continue reading ESCOM prepaid units worth K60 billion sold on black market