ADMARC CEO Rhino Chiphiko suspended over newly bought vehicle
Published on May 25, 2022 at 9:42 AM by Robert Ngwira
Information reaching this publication indicates that the Board of Agriculture Development and Marketing Corporation (ADMARC) has suspended its Chief Executive Officer (CEO) Rhino Chiphiko for purchasing an expensive vehicle without approval.
Chiphiko is said to have bought a vehicle at a cost of MK107 million in April this year.
The move attracted backlash with many Malawians condemning Chiphiko, describing his decision as inconsiderate.
As this was not enough, some employees threatened to go on strike after the company refused to raise their salaries.
The development forced ADMARC Board led by Alexander Kusamba Dzonzi to institute an investigation on the matter hence the suspension.
More details to follow..
