money Archives

Audit at ADMARC reveals fraudulent payments for dead people

Sep 27, 2022 Lindiwe Sambalikagwa 0 &

An audit at Agriculture Development and Marketing Corporation (Admarc) has revealed that the company lost over K300 million through among others unrecovered staff loans and fraudulent payments for motor vehicle insurance and medical cover which… ...

Kaunjika, used cars draining forex in Malawi — RBM

Sep 25, 2022 Malawi24 Reporter 1 &

Reserve Bank of Malawi (RBM) Governor Wilson Banda has told a Parliamentary Committee that imports such as second hand clothes (Kaunjika) and used cars are draining forex in Malawi. Banda together with officials from National… ...

Malawi has about 100 million metric tonnes of monazite mineral in Balaka

Sep 23, 2022 Macdonald Kaleso 1 &

Minister of Mining Albert Mbawala says an Australian mining firm is expected to start exploration works at Kangankunde Hill in Balaka where there is an estimated 100 million metric tonnes of monazite mineral. Mbawala indicated… ...

Gates Foundation announces $1.27 billion in health and development commitments to save lives

Sep 23, 2022 Mwayi Mkandawire 1 &

During United Nations General Assembly (UNGA) week, the Bill & Melinda Gates Foundation, which has been supporting immunization programs in Malawi, has announced commitments totalling $1.27 billion to improve and save millions of lives. The… ...

Each Malawian has half a million debt: Chakwera borrows K730 billion in 9 months

Sep 22, 2022 Mwayi Mkandawire 0 &

President Lazarus Chakwera and his administration have borrowed about K730 billion in 9 months and now each Malawian has a debt of about K600,000. Finance Minister Sosten Gwengwe said at the National Youth Conference in… ...

MRA beats revenue collection target by K10 billion

Sep 22, 2022 Lindiwe Sambalikagwa 0 &

The Malawi Revenue Authority (MRA) collected K131 billion in August, surpassing its K121 billion target by K10 billion. MRA marketing and communications manager Wilma Chalulu has confirmed. A poster the authority has produced to celebrate… ...

LL City Council announce new fees for mobile money agents

Sep 21, 2022 Archangel Nzangaya 0 &

The Lilongwe City Council has announced new license fees for Mpamba and Airtel Money dealers, agents and retailers. The council made the announcement on Tuesday September 20, 2022, and a document which Malawi24 has seen,… ...