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Funding challenges cripple extractive industry—official

The Malawi Extractive Industries and Transparency Initiative (Mweiti) says most of its operations, including the recruitment of staff, are crippled by poor funding and has since called for private sector investment. Mweiti secretariat manager Leonard Mushani said this on Tuesday in Lilongwe on the sidelines of a two-day mining workshop. He said the secretariat fails ....

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Government, industry bank on new rugulations

Malawi government and industry players expect beneficial ownership regulations to lift the veil of secrecy surrounding business ownership which has over the years eroded the country’s resources and fuelled corruption. The Companies (Beneficial Ownership) Regulations 2022 gazetted in December last year seek to improve transparency and accountability in the ownership structures of companies operating in ....

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