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AGP Executive Report

Last update: 4 hours ago

Amaryllis scandal deepens: Collins Magalasi, a former State House aide and MERA CEO, has been arrested again as investigators follow a cash trail allegedly linked to the K128.7 billion Amaryllis Hotel deal, including claims of large cash withdrawals from National Bank of Malawi. Digital payments push: Standard Bank Malawi launched the “Khaa! Your247” promotion, offering MK46 million in prizes to customers who pay bills via 247 platforms, as the bank targets a faster shift to cashless transactions. Banking results: CDH Investment Bank reported a strong half-year jump, with profit after tax rising to MK41.0 billion for the period ended June 30, 2026, driven by higher interest income, trading margins and customer deposits. Tobacco outlook: New WHO analysis warns Africa is increasing raw tobacco leaf production even as global output falls, while Malawi’s tobacco earnings are projected to drop 43% this year amid lower output and prices. Energy cost pressure: Malawi tops Africa’s August diesel price list at about $3.38 per litre, raising transport and food-cost risks for businesses and households. Women and health: Advocates are calling for more breastfeeding-friendly spaces in Malawi to help working mothers feed safely and reduce stigma. Rare earths deal: Lindian Resources secured exclusive access to heavy rare earth feedstock in Kazakhstan for its SARECO facility, potentially strengthening Malawi-linked magnet supply chains. Governance and justice: Malawi’s High Court is set to deliver a verdict on the constitutionality of the appointment of Fostino Maele as DPP, with legal challenges and a possible stay of proceedings in focus.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Aug. 24, 2026

BURN hosts Malawi delegation on clean cooking and carbon finance

AGP

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Jul. 16, 2026

Japan-Malawi platform links language lessons to school meals and jobs

AGP

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Aug. 25, 2026

KeraLink International tops 4 million lives impacted

AGP

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Aug. 18, 2026

Global Citizen and Waislitz Foundation name 2026 award winners

AGP


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Aug. 24, 2026

BURN hosts Malawi Government delegation as local manufacturing and carbon finance support national climate ambitions

EIN Presswire

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Jul. 27, 2026

Forbes 30 Under 30 Founder Alexander Debelov Is Putting a Bestselling Book Into the Hands of Malawi’s Poorest — For Free

EIN Presswire

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Jul. 10, 2026

Fertilizer trade impacted by Strait of Hormuz conflict

World Trade Organization

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Jul. 16, 2026

A Japan-Malawi Partnership Powers a New Global Classroom through Solar Panels to Provide School Meals

EIN Presswire

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Jun. 23, 2026

Influential Women Highlights Lorna Adwa Malawi, NHA, PCHA: Associate Executive Director At Freedom Village Brandywine

EIN Presswire

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May 21, 2026

Mkango Rare Earths Limited and Crown PropTech Acquisitions Announce Filing of Registration Statement on Form F-4 for Proposed Business Combination

GlobeNewswire, Inc.

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