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.
June 17, 2026 - 02:28
City Council rejects first reading of budget, amendment approved to finance Ajax Turner non-profitThe City Council held its second first reading of the Fiscal Year budget on Tuesday night, but the outcome mirrored the previous session. Despite cutting more than $697,000 in proposed spending,...
June 16, 2026 - 22:13
'El Jefe' speaks: forget about 2008, it's really more like 2004The most senior chief financial officer among New York-listed companies has a message for investors who are bracing for a repeat of the 2008 financial crisis: calm down. According to the executive,...
June 16, 2026 - 07:40
RBA interest rate decision live: Aussies 'forced into hibernation' brace for year of painThe Reserve Bank of Australia has announced its latest cash rate decision, keeping interest rates on hold at 4.35 percent. The move was widely expected by economists, but it offers little relief...
June 15, 2026 - 19:13
VHFA Awards Tax Credits to Support 241 Affordable Housing UnitsThe Vermont Housing Finance Agency has set aside low-income housing tax credits to support the creation or preservation of 241 affordable housing units throughout the state. The funding will go...