Month: January 2020 Posts

We can now easily detect cashgate – Reserve Bank

Jan 04, 2020 Lindiwe Sambalikagwa 0 &

The Reserve Bank of Malawi (RBM) says it has sealed off all the loopholes for siphoning public funds hence cashgate can now be easily detected and dealt with immediately. According to the bank’s governor Dalitso… ...

Malawi economy showed resilience in 2019 – RBM

Jan 04, 2020 Richard Jimu 0 &

The Reserve Bank of Malawi (RBM) says Malawi’s economy demonstrated remarkable resilience throughout 2019 despite political uncertainty during the year. The central bank’s governor Dalitso Kabambe said this when commenting on the effects of last… ...

MAIIC begins operations

Dec 11, 2019 Martha Chikoti 0 &

Malawi Agricultural and Industrial Investment Corporation (MAIIC) which was established last year to drive private sector led economic development has started operating in the country. This was revealed during a press briefing that MAIIC in… ...

Government asked to be cautious on loans

Nov 25, 2019 Malawi24 Reporter 0 &

Government has been asked to seek loans from financial institutions which provide proper expenditure guidelines for their loans to avoid misuse of the funds by government departments or ministries. Veteran journalist Ephraim Munthali made the… ...

Malawi gets budget support from IMF for first time since cashgate scandal

Nov 24, 2019 Malawi24 Reporter 0 &

The International Monetary Fund (IMF) will give Malawi US$40 Million (K29 billion) in direct budget support, the first time this has happened since the cashgate scandal six years ago. Minister of Finance, Economic Planning and… ...

Demos will affect govt revenue – Reserve Bank     

Jul 27, 2019 Mike Lyson Zgambo 1 &

The Reserve Bank of Malawi (RBM) says it expects government revenue to take a hit due to the post-election demonstrations. RBM Governor Kabambe said this on Friday in Mzuzu where he held a press briefing… ...

RBM warns over illegal foreign exchange trading

Feb 14, 2019 Martha Chikoti 0 &

Reserve Bank of Malawi says it will not tolerate illegal foreign currency trading, forex externalisation, transfer pricing manipulation and money laundering in the country. Reserve Bank of Malawi Governor Dalitso Kabambe made the remarks at… ...