Published 1 year ago

Is 'early Christmas' too good to be true? Malawi’s $6.8bn jackpot may not be all it seems

Summary by Ground News

Malawi signed a deal purportedly worth $6.8-billion with a Belgian-registered private foundation, Bridgin. The grant is more than double Malawi's 2022/23 national budget and nearly 60% of its gross domestic product. The country's national budget has a deficit of almost 30%, after donors pulled direct budget support over nine years ago.

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Is 'early Christmas' too good to be true? Malawi’s $6.8bn jackpot may not be all it seems

1 year ago·South Africa

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Daily Maverick

AMABHUNGANE: Too good to be true? Malawi’s mysterious $6.8-billion jackpot

A shadowy Belgian foundation, allegedly funded by elderly Jewish philanthropists, has dangled a ‘grant’ for Malawi twice the size of the country’s national budget, but critics doubt the promised bonanza will materialise. Now amaBhungane has managed to question Bridgin’s elusive founder – and th...

1 year ago·South Africa

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amaBhungane

Too good to be true – Malawi’s $6.8 billion jackpot? - amaBhungane

Malawi was taken by storm in November last year when the government signed a deal purportedly worth US$6.8-billion at a high-profile state launch with a Belgian registered private foundation – Bridgin. During the signing ceremony at State House in Lilongwe, President Lazarus Chakwera described the financial package, which is intended to fund major infrastructure projects, as an […]

1 year ago

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Is 'early Christmas' too good to be true? Malawi’s $6.8bn jackpot may not be all it seems

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Is 'early Christmas' too good to be true? Malawi’s $6.8bn jackpot may not be all it seems

Is 'early Christmas' too good to be true? Malawi’s $6.8bn jackpot may not be all it seems

AMABHUNGANE: Too good to be true? Malawi’s mysterious $6.8-billion jackpot

AMABHUNGANE: Too good to be true? Malawi’s mysterious $6.8-billion jackpot

Too good to be true – Malawi’s $6.8 billion jackpot? - amaBhungane

Too good to be true – Malawi’s $6.8 billion jackpot? - amaBhungane

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