Mtumbuka brands K700m loss an ‘avoidable failure of corporate governance’

Malawi’s state-backed fuel importer is facing severe political backlash after $404,000 (£300,000 / K700m) of state funds disappeared in a suspected fraudulent transaction, raising fresh concerns over corporate governance and institutional oversight in the Southern African nation. ​Dr Matthews Mtumbuka, vice president of the opposition United Transformation Movement (UTM) and a Member of Parliament, called […] The post Mtumbuka brands K700m loss an ‘avoidable failure of corporate governance’ appe

• Malawi’s state-backed fuel importer is facing severe political backlash after $404,000 (£300,000 / K700m) of state funds disappeared in a suspected fraudulent transaction, raising fresh concerns over corporate governance and institutional oversight in the Southern African nation. ​Dr Matthews Mtumbuka, vice president of the opposition United Transformation Movement (UTM) and a Member of Parliament, called […] The post Mtumbuka brands K700m loss an ‘avoidable failure of corporate governance’ appe
• Mtumbuka brands K700m loss an ‘avoidable failure of corporate governance’