Month: January 2019 Posts

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… ...

Gender inequality needs to be dealt with – expert

Jun 17, 2018 Martha Chikoti 0 &

A gender specialist has said there is a lot to be done to end gender inequality in the country. The specialist Naomi Ngwira made the remarks at Golden Peacock in Lilongwe during a public lecture… ...

Govt clueless on what to do with K16 billion

Jun 05, 2018 Malawi24 Reporter 0 &

Government has claimed that it has K16 billion at the Reserve Bank of Malawi (RBM) and it does know what to do with it. According to Ministry of Finance spokesperson, David Sado, the K16.2 billion… ...

Reserve Bank warns companies on pension

May 01, 2018 Martha Chikoti 0 &

The Reserve Bank of Malawi (RBM) has warned companies that do not remit money deducted from employees to pension administrators that they will be prosecuted. RBM governor Dalitso Kabambe issued the warning on Monday when the… ...

Tax outflows, debt cripples Malawi’s growth

Apr 16, 2018 Collins Mtika 0 &

Malawi is struggling to address loss of revenues due to smuggling of minerals, unregulated artisanal and small-scale mining activities, under declaration of taxable income and transfer mispricing by mining companies. Reserve Bank of Malawi statistics… ...

RBM maintains policy rate

Mar 29, 2018 Mike Lyson Zgambo 0 &

The Reserve Bank of Malawi (RBM) has maintained the policy rate at 16 percent. Speaking at a press briefing, Reserve Bank Governor Dalitso Kabambe said the Monetary Policy Committee (MPC) at its meeting this week… ...

Unlicensed foreign exchange dealers warned

Feb 28, 2018 Bright Malenga 1 &

The Reserve Bank of Malawi (RBM) has warned tourist operators in the country over illegal foreign exchange dealings. In a statement signed by its Governor Dalitso Kabambe, RBM says it is illegal to deal with… ...

RBM tells church to encourage proper handling of money

Feb 07, 2018 Martha Chikoti 0 &

The Reserve Bank of Malawi (RBM) has asked the Catholic Church to help the bank in combating mishandling of banknotes by churchgoers. In a letter to the Catholic Church dated January 16, RBM Governor Dalitso… ...

RBM introduces alert system to curb cashgate

Jan 13, 2018 Luke Bisani 14 &

In a move to ensure that public funds are safe, the Reserve Bank of Malawi (RBM) has launched an alert system of government payment transactions. The High Value Alert system will be sending notifications of… ...