Malawi’s secret bailout: how a struggling water board got a K24 billion government rescue
<p>Blantyre Water Board was quietly handed a K24 billion bailout last year, wiping out most of its debt to the Electricity Supply Corporation of Malawi and slashing annual losses by more than 70%. The rescue package converted K19.2 billion of government debt into equity and introduced a special energy tariff, cutting power costs by K5.8 […]</p> The post <a href="https://www.nyasatimes.com/malawis-secret-bailout-how-a-struggling-water-board-got-a-k24-billion-government-rescue/">Malawi’s secret bailout: how a struggling water board got a K24 billion government rescue</a> appeared first on <a href="https://www.nyasatimes.com">Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times</a>.