July 10, 2021 Peter Makossah - Nyasa Times 1 Comment
An on-going assessment of operations for the financially –struggling AHL Group has revealed how, one of its once competitive subsidiary, Malawi Leaf Company Limited (MLCL) lost millions of dollars due to unreliable international deals that ended up in exorbitant lawsuits.
MLCL is now in deep financial stress after posting a loss of about K44 billion and the board is contemplating to either close down the company or have it revived but with a better business model.
A mother carrying her baby on her back while working in tobacco fields in Kasungu. Picture by ILO