Reserve Bank of Malawi Archives

RBM seeks to boost MSMEs with FInES project

Apr 28, 2023 Archangel Nzangaya 0 &

The Reserve Bank of Malawi says the Financial Inclusion and Entrepreneurship Scaling (FInES) project will boost thousands Micro Smallscale and Medium Enterprises (MSMEs) in the country through soft loans and trainings. This was disclosed on… ...

K32 billion disbursed to small businesses in Malawi

Mar 23, 2023 Martha Chikoti 0 &

Matambo The Reserve Bank of Malawi (RBM) says K32 billion has been disbursed to over 33,000 Micro, Small and Medium Enterprises (MSMEs) through the World Bank funded Financial Inclusion and Entrepreneurship Scaling (FInES) project which… ...

Malawi Kwacha value maintained after five banks snub forex auction

Jan 18, 2023 Mwayi Mkandawire 0 &

The Reserve Bank of Malawi (RBM) says only three out of eight banks participated in the foreign exchange auction last week and the results cannot be used to determine the official exchange rate of Malawi… ...

Two arrested for decorating cake with Malawian currency

Jan 11, 2023 Malawi24 Reporter 0 &

Police in Blantyre are keeping in custody two cake bakers identified as Tumpale Ghambi, 24, and Sibongire Kaira aged 25 on allegation that they decorated a cake using K500 bank notes amounting to K35,000. According to Blantyre… ...

RBM introduces instant electronic money transfer

Dec 22, 2022 Russell Kondowe 0 &

The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial banks' mobile or internet banking are being processed instantaneously with recipients getting the money instantly. The bank… ...

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 no Forex: RBM starts rationing distribution

Sep 21, 2022 Shorai Mopiwa 0 &

The Reserve Bank of Malawi (RBM) says the bank is rationing distribution of forex to sectors in the country amid the scarcity of forex which has affected importation of commodities such as fuel. Deputy Governor … ...

Two acquitted in K4.3 billion RBM case

Aug 12, 2022 Malawi24 Reporter 0 &

A magistrate's court in Lilongwe has acquitted Rodrick Wiyo and Leah Donga in the case in which former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe and others are accused of facilitating 4.3 billion kwacha… ...

RBM denies planning to release K10000 banknote

Aug 03, 2022 Shorai Mopiwa 0 &

The Reserve Bank of Malawi (RBM) has rejected reports that it is planning to release a K10000 banknote in October 2022. In a statement signed by the RBM Governor, Wilson Banda, the Bank says it… ...

5000 Malawi Kwacha banknote named best new banknote of 2022

Jul 08, 2022 Malawi24 Reporter 1 &

The 5000 Malawi Kwacha banknote has been named the best new banknote of the year 2022 in Europe, the Middle East and Africa for its design, technical sophistication and security features. Reserve Bank of Malawi… ...

Kwacha yada

May 26, 2022 Malawi24 Reporter 0 &

Kwacha aithyola kholingo, aikang’antha, aichotsa chimbenene, aikong’ontha, aichosa mphamvu. Banki yaikulu ya Reserve yanena lero kuti yachepetsa mphamvu ndalama ya Kwacha ndi ma pelesenti 25. Izi zikutanthauza kuti wani dollar ya ku America yomwe lero… ...