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Police concludes Malawi Leaf K42 billion 'miracle theft' investigations

Police concludes Malawi Leaf K42 billion 'miracle theft' investigations
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Massive job cuts at AHL Group

February 5, 2021
Wanga Gwede and Owen Khamula - Nyasa Times 24 Comments
Financially struggling AHL Group, formerly Auction Holdings Limited, has announced that it is retrenching some of its employees.
AHL workers face job loses
The company has failed to pay its employees for over four months due to financial hardships facing the group.
AHL Group, which owns and manages the country’s tobacco marketing floors and a commodity exchange among others, is owned 42 percent by the Malawi Government through Agricultural Development and Marketing Corporation (Admarc).
Admarc recently gave a AHL a K6 billion bailout.
A meeting to determine the decision by AHL group on whether or not it will retrench some of its employees is expected to be held today. ....

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