Home / Alleged “scammers” give K7 trillion investment package to Malawi – Malawi Nyasa Times

Alleged “scammers” give K7 trillion investment package to Malawi – Malawi Nyasa Times

 Alleged “scammers” give K7 trillion investment package to Malawi – Malawi Nyasa Times

Malawi President Lazarus Chakwera is alleged to have been “scammed” on Monday in signing a US$ 6.8 billion-dollar worth of grant with Belgium-based Bridgin Foundation.

Government officials acting like “jackals” have failed to carry out simple due diligence processes in recent months conniving with politicians to scam Malawians in all sorts of contracts from fertilizer, petroleum and foodstuff.

The Bridgin Foundation grant size has already sent tongues wagging among the general public as it is equivalent to half the size of the entire Malawi economy (as measured by nominal Gross Domestic Product) which is now valued at around 12 billion dollars.

According to available information, the grant will among others finance construction of Inkosi ya Makosi M’mbelwa University with high-tech Livestock Industrial Centre in Mzimba, Kamuzu University Teaching Hospital in Blantyre with satellites in Mangochi, Lilongwe and Mzuzu,…

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