Month: July 2020 Posts

Chakwera administration dissolves 7 boards

Jul 02, 2020 Malawi24 Reporter 0 &

The Lazarus Chakwera administration has dissolved seven boards of statutory corporations and state owned enterprises. Affected companies are Malawi Revenue Authority (MRA), Roads Fund Administration (RFA), Reserve Bank of Malawi (RBM), Malawi Agriculture and Industrial… ...

RBM staff to continue working from home

May 04, 2020 Mike Lyson Zgambo 0 &

Reserve Bank of Malawi says some of its workers will continue to work from home in order to decongest the banks' offices amid the coronavirus pandemic. According to a notice signed by the Central Bank… ...

Selfish banks continue to deduct loans despite Reserve Bank order

Apr 28, 2020 Malawi24 Reporter 0 &

Some Malawian banks are still deducting money for loan repayments from customers despite the Reserve Bank of Malawi telling banks to provide a three-month moratorium on the repayments. One of the country’s biggest commercial, National… ...

Airtel, TNM remove user fees and charges

Apr 22, 2020 Mike Kalumbi 0 &

Mobile Network Operators, Airtel and TNM have removed user fees and charges on personal transfers on the same network for a period of three months amid coronavirus which has hit the country with 18 confirmed… ...

Malawi banks suspend loan repayments

Apr 10, 2020 Mwayi Mkandawire 0 &

Commercial banks in Malawi have suspended loan repayments for three months due to the coronavirus pandemic. The banks revealed the arrangement in a statement signed by President of Bankers Association of Malawi (BAM) Kwanele Ngwenya… ...

Reserve Bank injects K12 billion into Malawi banks

Apr 03, 2020 Mwayi Mkandawire 0 &

The Reserve Bank of Malawi (RBM) has released K12 billion into Malawi’s banks to enable the banks to support sectors hit by the Covid-19 in Malawi. The bank announced the package in a Monetary Policy… ...

Malawians question Reserve Bank’s K1.1b water chiller tender

Jan 09, 2020 Russell Kondowe 2 &

Malawians have asked the Anti-Corruption Bureau to investigate Reserve Bank of Malawi’s K1.1 billion contract for the supply of water chiller plants, saying they are suspecting foul play. The bank has engaged Anderson Engineering for… ...