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National Oil Company of Malawi (Nocma) is failing to recover $1.3 million [about K1 billion) it loaned to Malawi Cargo Centre Limited (MCCL), a senior official has said. Malawi Government has 18 percent shareholding in MCCL, with the remainder being held by private investors. Nocma Deputy Chief Executive Officer Hellen Buluma said the amount was …
The post Down the drain? appeared first on The Times Group Malawi.
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