Reserve Bank of Malawi Archives

RBM ramps up fight against use of foreign currency in local transactions

Jan 04, 2020 Russell Kondowe 0 &

Shoprite was recently fined K5 million as the Reserve Bank of Malawi (RBM) ramped up its fight against the practice of quoting in foreign currency. According to RBM Governor Dalitso Kabambe, in 2019 the Bank… ...

We can now easily detect cashgate – Reserve Bank

Jan 04, 2020 Lindiwe Sambalikagwa 0 &

The Reserve Bank of Malawi (RBM) says it has sealed off all the loopholes for siphoning public funds hence cashgate can now be easily detected and dealt with immediately. According to the bank’s governor Dalitso… ...

Malawi economy showed resilience in 2019 – RBM

Jan 04, 2020 Richard Jimu 0 &

The Reserve Bank of Malawi (RBM) says Malawi’s economy demonstrated remarkable resilience throughout 2019 despite political uncertainty during the year. The central bank’s governor Dalitso Kabambe said this when commenting on the effects of last… ...

Former Malawi central bank boss appointed FDH MD

Jan 03, 2020 Malawi24 Reporter 0 &

FDH Bank has appointed former Reserve Bank of Malawi Governor, Dr. Ellias Ngalande, as Managing Director. Ngalande’s appointment is effective 2 January, 2020. He replaces Ivorian Eric Ouattara who left FDH last year. In a… ...

MAIIC begins operations

Dec 11, 2019 Martha Chikoti 0 &

Malawi Agricultural and Industrial Investment Corporation (MAIIC) which was established last year to drive private sector led economic development has started operating in the country. This was revealed during a press briefing that MAIIC in… ...

Government asked to be cautious on loans

Nov 25, 2019 Malawi24 Reporter 0 &

Government has been asked to seek loans from financial institutions which provide proper expenditure guidelines for their loans to avoid misuse of the funds by government departments or ministries. Veteran journalist Ephraim Munthali made the… ...

Demos will affect govt revenue – Reserve Bank

Jul 27, 2019 Mike Lyson Zgambo 1 &

The Reserve Bank of Malawi (RBM) says it expects government revenue to take a hit due to the post-election demonstrations. RBM Governor Kabambe said this on Friday in Mzuzu where he held a press briefing… ...