Month: November 2021 Posts

DPP Govt dropped plan to introduce K5000 banknote – Mwanamvekha

Nov 25, 2021 Malawi24 Reporter 0 &

Democratic Progressive Party (DPP) spokesperson on Finance Joseph Mwanamvekha says the DPP administration wanted to introduce 5000 Malawi Kwacha banknote but dropped the plan after realising that it was not good for Malawians. Mwanamvekha who… ...

Magistrate Court replaces MUST on 2000 Malawi Kwacha banknote

Nov 24, 2021 Malawi24 Reporter 1 &

Reserve Bank of Malawi (RBM) has replaced the image of the Malawi University of Science and Technology (MUST) at the back of the K2000 banknote with an image of Blantyre Magistrate Court to represent the… ...

Reserve Bank of Malawi introduces K5000 banknote

Nov 23, 2021 Mike Kalumbi 2 &

The Reserve Bank of Malawi has introduced a 5000 Malawi Kwacha Banknote.  The bank has also introduced an upgraded 2000 Kwacha Banknote. This was disclosed at a media briefing which took place in Lilongwe this… ...

Two arrested for swapping businessperson’s money with papers

Nov 07, 2021 Russell Kondowe 0 &

Two men have been arrested in Lilongwe after they swapped a woman’s money, amounting to K250,000, with useless papers. The conmen, identified as Charles Malebo and Mussa Mohammad, were arrested on Friday November 5 2021.… ...

Restaurant charges about two million Malawi Kwacha’ for a steak

Oct 31, 2021 Sibu M. Mokoena 0 &

A newly opened restaurant in London is charging between K700 thousand and one million eight hundred thousand Malawi Kwacha for a steak. Financial Times reports that Salt Bae is charging £100 (179 thousand Malawi Kwacha) … ...

Malawians defend their village banks against evil banks

Jun 04, 2021 Lindiwe Sambalikagwa 0 &

Malawians say village banks will keep their distance from banks amid concerns that the commercial banks want to kill village banks. Several banks have introduced promotions aimed at coaxing village banks to deposit money to… ...

Teacher’s children yet to get money from govt 16 years after father’s death

Dec 09, 2020 Malawi24 Reporter 0 &

Five children of a secondary school teacher are yet to get their money from Administrator General’s office 16 years after their father’s death. The children – one male and four females – have been struggling… ...

Woman deposits K1.6 million into Attorney General’s account

Sep 25, 2020 Lindiwe Sambalikagwa 0 &

The Malawi Police have launched investigations to establish the identity of a woman who deposited K1.6 million into the account of Attorney General Chikosa Silungwe. A slip which was shared on social media shows that… ...

Can cryptocurrencies replace paper money in Africa?

Jun 24, 2020 Sibu M. Mokoena 0 &

Interest around the world for Bitcoin has spiked, with global searches for “Bitcoin” having reached their highest levels in a year. Africa leads the way, with 3 out of 5 of the top regions for… ...