RBM Archives

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… ...

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… ...