Malawi’s State Oil Company Wired US$403,605 to a Stranger
Malawi's NOCMA wired US$403,605 to fraudsters after forged emails changed a supplier's bank details. Two senior officials have been arrested.
August 27, 2026For investors, founders and expatriates, Africa is the world’s youngest and fastest-urbanising market – full of opportunity and friction in equal measure. The Rio Times covers doing business across the continent: company setup, startups and venture capital, visas and residency, the cost of living and the practicalities of building or relocating – the same expat-and-investor lens that defines our Latin America coverage. This hub gathers our guidance for doing business and living in Africa.
Malawi's NOCMA wired US$403,605 to fraudsters after forged emails changed a supplier's bank details. Two senior officials have been arrested.
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