Malawi: Govt Unaware of East Bridge Guarantee As Malawi Faces K57 Billion Fertiliser Claim and Possible Asset Seizures Abroad

Malawi: Govt Unaware of East Bridge Guarantee As Malawi Faces K57 Billion Fertiliser Claim and Possible Asset Seizures Abroad

Minister of Finance Joseph Mwanamvekha says his ministry is not aware of any sovereign guarantees linked to a controversial fertiliser deal with Romanian firm East Bridge Estate SRL, even as the company has issued Malawi a 10-day ultimatum to pay $32.6 million (about K57 billion).

Govt Unaware of East Bridge Guarantee as Malawi Faces K57 Billion Fertiliser Claim and Possible Asset Seizures Abroad - Malawi Nyasa Times - News from Malawi about Malawi

Minister of Finance Joseph Mwanamvekha says his ministry is not aware of any sovereign guarantees linked to a controversial fertiliser deal with Romanian firm East Bridge Estate SRL, even as the company has issued Malawi a 10-day ultimatum to pay $32.6 million (about K57 billion). Mwanamvekha’s remarks come at a time when Malawi is facing […] The post Govt Unaware of East Bridge Guarantee as Malawi Faces K57 Billion Fertiliser Claim and Possible…

East Bridge gives Malawi 10-day ultimatum over K57bn

Malawi Government and Romanian firm East Bridge Estate SRL are embroiled in a legal battle over seizure of assets and the company’s $32.6 million (about K57 billion) claim to be paid by March 10 2026. In a notice dated February 24 2026, East Bridge through Kalekeni Kaphale Lawyers gave the Malawi Government until March 10, 2026 to settle the claim. East Bridge has also notified the Smallholder Farmers Fertiliser Revolving Fund of Malawi (SFFRFM)…