January 6, 2025 - 22:32
Malawi police have taken significant action by arresting former finance minister Joseph Mwanamveka along with four other ex-government officials. The arrests stem from allegations of embezzlement involving approximately $250 million linked to two state-owned enterprises.
The investigation has unveiled claims that these officials mismanaged funds intended for public services, raising serious concerns about corruption within the government. The scandal has sparked outrage among citizens who are calling for accountability and transparency in the management of public resources.
Authorities have stated that the arrested individuals will face charges related to fraud and abuse of office. This development is part of a broader effort by the Malawian government to combat corruption and restore public trust in its institutions. As the case unfolds, many are watching closely to see how it will impact the political landscape and the ongoing fight against graft in the country.
August 1, 2025 - 22:13
Supreme Court Decision Affects Car Finance Compensation for MillionsIn a significant ruling, the Supreme Court has partially upheld an appeal from lenders, impacting the potential compensation for millions of motorists who sought payouts related to car finance...
August 1, 2025 - 05:37
Implications of Recent Court Ruling on Car Finance for MotoristsA recent court ruling is set to have significant repercussions for the car finance industry, potentially affecting millions of motorists. The case has raised critical questions about the fairness...
July 31, 2025 - 23:49
Hercules Capital Reveals Financial Performance for Q2 2025SAN MATEO, Calif., July 31, 2025—Hercules Capital, Inc. has announced its financial results for the second quarter ending June 30, 2025. As a prominent provider of specialty financing to...
July 31, 2025 - 00:31
Opportunity Finance Network Enhances Leadership Team with New ExpertiseOpportunity Finance Network (OFN) has announced a significant expansion of its senior leadership team, aimed at bolstering its commitment to community development financial institutions (CDFIs)....