Reserve Bank of Malawi Archives

Reserve Bank of Malawi manager, businessperson arrested for stealing K354m

Jun 18, 2019 Malawi24 Reporter 0 &

A Reserve Bank of Malawi (RBM) manager, a businessperson and two other RBM employees have been arrested for stealing K354 million at the Central Bank. Police have arrested the bank’s manager for operations Charles Mchakulu,… ...

Gwaladi pleads not guilty

May 03, 2019 Chikondi Magalasi 1 &

‘Zangondipasa minyama’ hit maker, Joe Gwaladi, has pleaded not guilty to the charge related to damaging Malawian currency levelled against him. Gwaladi was arrested on 24th April this year by Malawi Police Service in Phalombe… ...

Cash from the bra: Malawian women not left out

Mar 21, 2019 Joseph Dumbula 1 &

As I board one public commuter in the commercial city of Malawi, Blantyre an argument starts. The conductor is on the neck of a female passenger asking for another bank note for the fare from… ...

RBM warns over illegal foreign exchange trading

Feb 14, 2019 Martha Chikoti 0 &

Reserve Bank of Malawi says it will not tolerate illegal foreign currency trading, forex externalisation, transfer pricing manipulation and money laundering in the country. Reserve Bank of Malawi Governor Dalitso Kabambe made the remarks at… ...

NBS Bank freezes accounts

Nov 06, 2018 Malawi24 Reporter 0 &

NBS Bank has freezed accounts of all customers who failed to update their information with the bank. According to the bank, customers whose accounts are not in compliance with Reserve Bank of Malawi’s Know Your… ...

FMB slashes interest rates

Aug 24, 2017 Luke Bisani 0 &

First Merchant Bank (FMB) in Malawi has disclosed that it has slashed interest rates effective today. This follows the announcement of a cut in interest rate to 18 percent by Reserve Bank of Malawi (RBM)… ...

Counterfeit money worries RBM

Aug 23, 2017 Luke Bisani 0 &

The Reserve Bank of Malawi (RBM) has expressed concern over counterfeiting of money arguing the malpractice affects the country's economy. Speaking at the launch of National Counterfeit Policy in Lilongwe on Tuesday, RBM Governor Dalitso… ...