ADMARC Buying Fuel? Questions rise over Admarc $323 Million Fuel Loan Amid Concerns of Mismanagement
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Struggling state-owned Agriculture Development and Marketing Corporation (ADMARC) has secured a controversial $323 million (about K650 billion) loan facility to procure 180 million liters of fuel, a deal that could burden Malawian taxpayers with a 26-year debADMARC Buying Fuel? Questions rise over Admarc $323 Million Fuel Loan Amid Concerns of Mismanagement
Struggling state-owned Agriculture Development and Marketing Corporation (ADMARC) has secured a controversial $323 million (about K650 billion) loan facility to procure 180 million liters of fuel, a deal that could burden Malawian taxpayers with a 26-year debt. Documents obtained by the Platform for Investigative Journalism (PIJ) reveal that ADMARC secured the loan from HG Global, […] The post ADMARC Buying Fuel? Questions rise over Admarc $323 Million Fuel Loan Amid Concerns of Mismanagement appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more