BWB received K24 billion secret bailout

Malawi’s secret bailout: how a struggling water board got a K24 billion government rescue - National News Malawi

Blantyre Water Board was quietly handed a K24 billion bailout last year, wiping out most of its debt to the Electricity Supply Corporation of Malawi and slashing annual losses by more than 70%. The rescue package converted K19.2 billion of government debt into equity and introduced a special energy tariff, cutting power costs by K5.8 […] The post Malawi’s secret bailout: how a struggling water board got a K24 billion government rescue appeared f…

BWB received K24 billion secret bailout

Government quietly rescued Blantyre Water Board (BWB) from a K24 billion electricity debt last year, a behind-the-scenes bailout that helped slash the utility’s annual losses by more than 70 percent. BWB’s Financial Statements for the year ended March 31 2025 show the Board’s loss narrowed sharply to K10.2 billion from K33.6 billion in FY2024. Buried …