Auditors uncover K6.7BN Egenco'rot' : comparemela.com

Electricity Generation Company (Egenco) of Malawi is sitting on a K6.7 billion procurement mess for transactions undertaken between January 2017 and March 2022, a forensic audit and investigation has uncovered. The alleged misprocurement is said to be connected to unissued items in stock, unauthorised requisitions and rampant single sourcing of materials and services instead of

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