Finance Bank re-opening in Malawi hangs in balance due to past money laundering record

From Face of Malawi Thu Nov 22 2012, 03:11:00

In May this year, Finance Bank Zambia owner Rajan Mahtani announced that he will re-open his branches in Malawi which were closed due to money laundering activities and other criminal activities. Mahtani also announced that he met then newly president of the country Joyce Banda to discuss the opening of his bank. Normal and clean [...]

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Burkina Faso:   Army Chief Takes Over (news)
Deutsche Welle
31 October 2014

The head of Burkina Faso's armed forces has taken power after mass demonstrations forced President Blaise Compaore to resign. There have been days of violent protests against the leader's 27-year ... [read more]

Africa:   Ebola Threatens Africa's Tourism Industry (analysis)
Deutsche Welle
31 October 2014

Canceled trips and frightened tourists - the Ebola crisis is now also affecting Africa's tourism industry. Travelers avoid not only the Ebola-stricken countries but the entire continent. [read more]

Cameroon:   Protests As Traditional Chiefs Linked to Landgrab (news)
Deutsche Welle
31 October 2014

Villagers in Cameroon have filed a petition to the African Commission on Human and People's Rights protesting the alleged seizure of over 100,000 hectares of land by influential traditional leaders. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!