Kamlepo Kalua reinstated as Umodzi reports K1.2bn profit
Kamlepo Kalua has returned to lead the state-owned Umodzi Holdings Limited. He was previously removed from his position in October. The board lifted his administrative suspension after a few weeks. This decision followed a strong financial performance. The company reported a profit of K1.2bn. Insiders suggest high-level intervention also helped his reinstatement.
Just weeks after being shown the door, Kamlepo Kalua is back at the helm of state-owned Umodzi Holdings Limited (UHL) in a dramatic turnaround that insiders say was helped by an impressive profit performance and intervention from the very top. Kalua’s administrative suspension, imposed in October, has been lifted by the UHL board following the […] The post Kamlepo Kalua reinstated as Umodzi reports K1.2bn profit appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .