Delays in completing a forensic audit on Malawi Enterprise Development Fund Limited (Medf) farm inputs are driving up potential losses, with the institution warning that the value of expired and deteriorating stock could now exceed K16 billion.
Medf Chief Executive Officer Kayisi Sadala told the Public Accounts Committee (Pac) of Parliament in Lilongwe that the condition of stored fertiliser, seeds and other agricultural inputs has worsened due to the prolonged audit process.
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