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, 2026From Nigeria’s oil and Mozambique’s and Tanzania’s gas to South Africa’s grid crisis and the solar boom spreading across the continent, energy is where Africa’s growth and its great-power bargaining both play out. The Rio Times covers the oil and LNG deals, refineries, power projects and the transition finance reshaping how the continent fuels itself – with an eye on the capital flows and parallels linking Africa to Latin America’s own energy story. This hub collects our Africa energy coverage for investors and analysts.
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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