Month: March 2025 Posts

Reserve Bank of Malawi put up measures to end forex crisis

Mar 22, 2025 Malawi24 Reporter 0 &

As Malawi continues to struggle with high forex prices and liquidity shortages, the Reserve Bank of Malawi (RBM) yesterday announced some measures they have put in place to deal with the black market issue. The… ...

Standard Bank to invest $100m in tobacco

Mar 20, 2025 Mike Kalumbi 0 &

Standard Bank Plc injected over K320 Billion directly into the Malawi economy with taxes to government, agriculture and infrastructure projects competing for the lion’s share of the funding, Chief Executive Phillip Madinga said on Wednesday.… ...

Forex crisis: concerned citizens demand transparency, Govt’s resignation

Feb 26, 2025 Archangel Nzangaya 0 &

A group of Concerned Citizens under the banner 'People Power Movement' is demanding transparency and government's resignation over Malawi's forex crisis, dismissing claims of sufficient reserves amid severe shortages. The group has expressed outrage over… ...

No plans to devalue local currency, value Kwacha at K1750

Feb 25, 2025 Malawi24 Reporter 1 &

The Reserve Bank of Malawi (RBM) has given assurance to the general public that it has no plans to devalue the Malawian Kwacha, despite the economic challenges facing the country. This assurance comes as the… ...

Economic hardship forces closure of Food Lovers Market at Gateway Mall

Feb 24, 2025 Archangel Nzangaya 0 &

The challenging economic environment has claimed another casualty, as the Shareholders of OneStep Trading (Pty) Ltd, operators of the Food Lovers Market franchise at Gateway Mall in Lilongwe, have been forced to make the difficult… ...

Six miles residents without power for three months

Feb 21, 2025 Malawi24 Reporter 0 &

Businesses at Six Miles Market along M3 main road in Zomba are at a standstill, and residents around the area are in darkness as they are entering the third month without electricity. The Electricity Supply… ...

Activist Malata calls RBM, security agencies to deal with illegal forex trading

Jan 26, 2025 Synd Kalimbuka 0 &

Renowned activist Fredrick Billy Malata has called authorities to immediately deal with the forex black market, which is partly affecting the economy in the country. Malata said it is worrisome to see that the country's… ...