RBM Archives

Malawian Economist Dalitso Kabambe is aspiring for president

We should expect more devaluations, says Kabambe

Nov 09, 2023 Malawi24 Reporter 0 &

Former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe says Malawi’s economy will not recover despite the recent devaluation and Malawians should expect further devaluations under President Lazarus Chakwera’s administration. Kabambe has said this in… ...

Destroying Malawian currency attracts K15m fine or 7 years imprisonment, RBM reminds Malawians

Destroying Malawian currency attracts K15m fine or 7 years in prison, RBM reminds Malawians

Nov 08, 2023 Malawi24 Reporter 0 &

Reserve Bank of Malawi (RBM) has warned that whoever is found mishandling or destroying Malawian currency will pay a fine of K15 million or in default serve seven years in prison. RBM Director of Currency,… ...

President Lazarus Chakwera and Vice President Saulos Chilima have been ruling the country together since 202

Malawi Kwacha falls by 44 percent

Nov 08, 2023 Malawi24 Reporter 1 &

The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. RBM Governor Wilson Banda has confirmed the 44 percent devaluation of the Kwacha which is… ...

The Governor of Reserve Bank of Malawi (RBM) Alison Banda has encouraged citizens in the country to start saving money for future use, saying the money they can save today could be of great use in the future when they retire.

RBM Governor encourages people to start saving money

Nov 07, 2023 Mike Kalumbi 0 &

The Governor of Reserve Bank of Malawi (RBM) Wilson Banda has encouraged citizens in the country to start saving money for future use, saying the money they can save today could be of great use… ...

Wilson Banda is the governor of the Reserve Bank of Malawi which is the central bank in Malawi

Kwacha yagwanso

Sep 29, 2023 Mwayi Mkandawire 0 &

Ndalama ya Kwacha ikupitirira kutsika mphamvu pansi pa ulamulilo wa a Lazarus Chakwera. Banki yaikulu ya Reserve Bank of Malawi (RBM) yalengezs kuti ndalamayi tsopano izigulidwa pa K1,180 pa Dola imodzi ya ku Amerika, kuchoka… ...

Breaking: Former Malawi Finance Minister Goodall Gondwe has passed away

Aug 09, 2023 Malawi24 Reporter 0 &

Goodall Gondwe, the former Minister of Finance in Malawi, has passed away at the age of 86. Gondwe was born on December 1, 1936, and served as finance minister from 2004 to 2009. He was… ...

Silver to axe more players ahead of 2023 season

Dec 30, 2022 Russell Kondowe 0 &

Reserve Bank of Malawi (RBM) sponsored team, Silver Strikers, will release seven players as part of their rebuilding process after failing to win any silverware in the just ended season. According to various media reports,… ...

CDEDI demands resignation of RBM governor

May 23, 2022 Martha Chikoti 0 &

The Centre for Democracy and Economic Development Initiatives (CDEDI) has expressed worry over indecisiveness of the Reserve Bank of Malawi (RBM) under the leadership of Governor Wilson Banda. In a letter to Banda, CDEDI says… ...

Forex crisis: Ethiopian Airlines suspends ticketing services in Malawi

May 17, 2022 Malawi24 Reporter 0 &

The continued shortage of forex in Malawi has forced Ethiopian Airlines to suspend ticketing services in the country All travel agents in the country are not able to sell Ethiopian Airlines tickets to travellers due… ...

Mpinganjira ordered to dispose FDH shares

Apr 25, 2022 Malawi24 Reporter 0 &

Reserve Bank of Malawi (RBM) has ordered attempted bribery convict Thom Mpinganjira to dispose his shares in FDH bank. However, Mpinganjira who is represented by lawyers Khumbo Soko and Hilda Soko, has obtained a stay… ...

RBM loses ICT case

Aug 24, 2021 Andrew Cane Chilapondwa 1 &

Judge Kenyatta Nyirenda has ordered the Reserve Bank of Malawi (RBM) to nullify the award for the supply and delivery of ICT hardware for Flexcube Upgrade and ICT hardware for Automated Transfer System which was… ...

State asks for more time to complete investigation in Kabambe case

Jul 29, 2021 Mwayi Mkandawire 0 &

The state this morning asked the Lilongwe Chief Resident Magistrate Court for more time to complete investigation in the case in which former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe is being accused of… ...

Inside Patemba’s rise to becoming Chakwera’s favourite

Jul 11, 2021 Aubrey Makina 0 &

…decided on billions paid to Chakwera and Chilima …promoted to High Court judge then diplomatic post in a year Just three months after deciding on the amount of money that had to be paid to… ...

Malawi’s Central Bank accused of promoting illegal mining

Jun 16, 2021 Martha Chikoti 0 &

Parliamentary Committee on Natural Resources and Climate Change says Reserve Bank of Malawi (RBM) is promoting illegal mining in the country by buying Gold from illegal miners. The Chairperson of the Committee Werani Chilenga said… ...

RBM reduces policy rate to 14.5 percent

Jan 31, 2019 Bright Malenga 0 &

The Reserve Bank of Malawi (RBM) has reduced Policy Rate from 16 percent to 14.5 percent. The bank has also reduced Liquidity Reserve ratio to 5 percent from 7.5 percent. This follows the first Monetary… ...