Month: December 2021 Posts

AHL employees unpaid for three months

Dec 06, 2021 Malawi24 Reporter 0 &

Workers at Auction Holdings Limited Group (AHL) Mzuzu Floors have not been paid their salaries since September this year and they have warned that they will take drastic action. The employees have stayed for 3… ...

K20 billion theft: Suspects granted bail

Sep 16, 2021 Malawi24 Reporter 0 &

K20 billion theft: Suspects granted bail Four suspects accused of stealing K20 billion at Malawi Leaf Company have been granted bail in Lilongwe. The four appeared before Chief Resident Magistrate Patrick Chirwa of Lilongwe registry… ...

Former AHL CEO Matabwa arrested over theft of K20 billion

Sep 15, 2021 Russell Kondowe 0 &

Police have arrested former chief executive officer of Auction Holdings Limited (AHL), Evans Matabwa, and three others in connection to theft of K20 billion at Malawi Leaf Company which is a subsidiary of AHL. The… ...

Mzuzu Council seals Mzuzu AHL offices

Jan 22, 2021 Malawi24 Reporter 0 &

Mzuzu City Council has sealed Mzuzu Auction Floors due to outstanding ground rents. The auction floors belong to AHL Group which has been experiencing financial challenges over the past five months. According to a source,… ...

AHL to lay off 40 percent of its employees

Jan 20, 2021 Malawi24 Reporter 1 &

AHL Group will lay off 40 percent of the company’s workers due to financial challenges which the company is facing. Acting CEO Alfred Nkhono revealed this when he toured the company’s auction floors. "The company… ...

AHL employees receive salaries following K6 billion bailout

Jan 06, 2021 Malawi24 Reporter 0 &

Auction Holdings Limited (AHL) employees, who went four months without receiving their salaries, have started getting their money days after ADMARC bailed out AHL. Last week, ADMARC released K6 billion to its subsidiary AHL which… ...

AHL employees to hold demos over unpaid salaries

Jan 02, 2021 Mike Lyson Zgambo 0 &

Auction Holdings Limited (AHL) employees will hold demonstrations on Monday in Lilongwe over five-month unpaid salaries. According to one of the organizers from Lilongwe AHL, they have followed all procedures to stage these demos at… ...