Malawi’s secret bailout: how a struggling water board got a K24 billion government rescue

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 [… ] The post Malawi’s secret bailout: how a struggling water board got a K24…