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National Bank of Malawi (NBM) plc and NBS Bank plc can now proceed to loan Khato Civils K105 billion for the Salima-Lilongwe Water Project following the lifting of an order stopping the process.
Source: https://mwnation.com/supreme-court-clears-banks-to-loan-khato-k105bn/
On the other hand, Khato Civils, through Gondwe, are arguing that the Government of Malawi through the National Assembly passed the NBS Bank plc and National Bank of Malawi plc (Lake Malawi Water Supply Project) Loan Authorisation Bill, 2023.