Month: September 2021 Posts

RBM urges Banks to deliver inclusive financial services

Sep 17, 2021 Guest Writer 0 &

By Kenneth C. Mkandawire Reserve Bank of Malawi (RBM) has encouraged commercial banks to provide services that promote financial inclusion. Deputy Governor (DG) of RBM, Dr. Grant Kabango, made the remarks at Bingu International Convention… ...

Mulli seeks K2.1 billion in damages from audit firm over RBM report

Sep 04, 2021 Malawi24 Reporter 0 &

Mulli Brothers Limited (MBL) is seeking K2.1 billion compensation from Deloitte & Touche Services Limited, saying the audit firm defamed the company in a forensic audit report for the Reserve Bank of Malawi (RBM). In… ...

Former RBM Governor Chuka dies  

Aug 26, 2021 Malawi24 Reporter 0 &

Former Governor of the Reserve Bank of Malawi (RBM), Charles Chuka, has died. RBM spokesperson Ralph Tseka has confirmed the sad news. He added that RBM mourns with the Chuka family and remembers Chuka as… ...

Questions raised over US$76,500 sent to Malawi Embassy in Brazil

Jul 22, 2021 Malawi24 Reporter 0 &

A payment of about US$76,5000 sent by Reserve Bank of Malawi (RBM) to the Malawi Mission in Brazil has raised concerns about  money laundering and forex externalization. On 4 June this year, the Ministry of… ...

Court orders Reserve Bank to release forensic audit report

Jul 20, 2021 Andrew Cane Chilapondwa 0 &

Judge Kenyatta Nyirenda has ordered the Reserve Bank of Malawi (RBM) to produce its forensic audit report within three days in an ongoing K1.8 billion ICT procurement case. The ruling follows an application by Sparc… ...

Kabambe granted bail

Jun 30, 2021 Malawi24 Reporter 0 &

Former Reserve Bank of Malawi (RBM) Governor Dr Dalitso Kabambe and three other suspects have been granted bail. Lilongwe Chief Resident Magistrate Patrick Chirwa has granted bail to the four today on condition that they… ...

#ReserveGate: FDH muddled in more than half a trillion RBM scandal

Jun 30, 2021 Malawi24 Reporter 0 &

FDH Bank has been embroiled in the K679 billion Reserve Bank of Malawi (RBM) scandal. Questionable activities at RBM including money laundering involving top executives have been unraveled in an audit report which was produced… ...

Kabambe spends second night in cooler

Jun 29, 2021 Lindiwe Sambalikagwa 0 &

Former Reserve Bank of Malawi Governor Dalitso Kabambe will spend a second night in the cooler following his arrest on Monday. Kabambe, who is also a member of the opposition Democratic Progressive Party (DPP), appeared… ...

Malawians stand with Kabambe

Jun 29, 2021 Malawi24 Reporter 0 &

Malawians thronged the Lilongwe Magistrate Court premises this afternoon to show support for former Reserve Bank of Malawi Governor Dalitso Kabambe who has been charged with money laundering and office abuse. The group dominated by… ...

Kabambe charged with abuse of office, money laundering

Jun 29, 2021 Mwayi Mkandawire 0 &

Former Reserve Bank of Malawi Governor Dalitso Kabambe has been charged with four counts   including abuse of office and  laundering of about K8.3 billion. Kabambe and three other accused persons appeared before the court today… ...

Dalitso Kabambe arrested

Jun 28, 2021 Malawi24 Reporter 0 &

Police have arrested Former Reserve Bank of Malawi Governor Dalitso Kabambe. Kabambe who is a member of the opposition Democratic Progressive Party (DPP) is at Lumbadzi Police station. "The Malawi Police Service has arrested Dr… ...

Breaking: DPP’s Dalitso Kabambe wanted

Jun 27, 2021 Malawi24 Reporter 2 &

...political persecution, argue social commentators Police are looking for former Reserve Bank of Malawi (RBM) Governor Dr. Dalitso Kabambe who is reportedly don the run. Kabambe was informed to report to Police today but he… ...

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… ...

Onesimus risks arrest

Jun 06, 2021 Lyonike Mughogho 0 &

South Africa based   Malawian gospel artist Armstrong 'Onesimus' Kalua is running the risk of arrest for breaking the law. In a video that has gone viral on social media, the singer is seen indulging in… ...

Judge Kenyatta faults RBM for suing wrong defendant

May 19, 2021 Malawi24 Reporter 0 &

Judge Kenyatta Nyirenda has faulted the Reserve Bank of Malawi (RBM) for naming wrong defendant in the case in which the bank wants to be allowed to award contracts to a foreign-owned firm. In a… ...