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CDEDI Alleges Cabinet Ministers, Banks Involved in Black Market Forex Deals—But Fails to Provide Evidence

Summary by Nyasa Times
The Center for Democracy and Economic Development Initiatives (CDEDI) has made explosive allegations implicating cabinet ministers, government officials, and banks in fueling black market forex trading, but has failed to provide any tangible evidence to support the claims. Speaking at a press briefing in Lilongwe, CDEDI Executive Director Sylvester Namiwa accused unnamed individuals of obtaining […] The post CDEDI Alleges Cabinet Ministers, Bank…
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Face of MalawiFace of Malawi

CDEDI Claims Government Officials and Banks Involved in Forex Black Market Activities

The Center for Democracy and Economic Development Initiatives (CDEDI) has alleged that some cabinet ministers, government officials, and banks are involved in facilitating black market forex trading. Speaking at a press briefing in Lilongwe, CDEDI Executive Director, Sylvester Namiwa, stated, “According to our findings, this trend is contributing to the further weakening of the local currency against the US dollar, as the latter is being traded …

·Malawi
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Nyasa TimesNyasa Times

CDEDI Alleges Cabinet Ministers, Banks Involved in Black Market Forex Deals—But Fails to Provide Evidence

The Center for Democracy and Economic Development Initiatives (CDEDI) has made explosive allegations implicating cabinet ministers, government officials, and banks in fueling black market forex trading, but has failed to provide any tangible evidence to support the claims. Speaking at a press briefing in Lilongwe, CDEDI Executive Director Sylvester Namiwa accused unnamed individuals of obtaining […] The post CDEDI Alleges Cabinet Ministers, Bank…

·Malawi
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Nyasa Times broke the news in Malawi on Thursday, February 20, 2025.
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