A UK-based food company Barakat Foods Limited has refunded approximately K620 million to the Malawi Government over a flopped fertiliser deal last year.
Attorney General (AG), Thabo Chakaka Nyirenda, who is currently in Germany has confirmed with MBC Online saying the funds transfer has already been made to the Malawi Government through an account belonging to the Smallholder Fertiliser Revolving Fund (SFFRM).
“I can confirm that the money has indeed been transferred and should reflect in the SFFRFM account any day from today,” Chakaka said.
The refund follows protracted talks Involving the AG and lawyers from Germany and the United Kingdom.
Reported by Kumbukani Phiri.