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Watchdogs suspicious of mysterious Malawi oil payments

Mystery surrounds a Rak Gas payment of $235,700 to the Malawian government’s mining department at a time when licences had supposedly been halted because of "suspected irregularities".
By Staff reporter 23 August 2016 Middle East & Africa / Companies & Finance 0 21634

United Arab Emirates-based explorer Rak Gas, the holder of one of six oil and gas blocks in Lake Malawi, made a $235,700 payment to the Malawian government’s mining department at a time when exploration licences had supposedly been halted because of "suspected irregularities".

The payment, made in April 2014 and uncovered in a report from the Centre for Investigative Journalism Malawi in association with the amaBhungane Centre for Investigative Journalism, was made roughly one month before the fall of former President Joyce Banda’s...

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