Month: July 2021 Posts

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… ...

Govt to set up mining company, construct K820m laboratory

May 03, 2021 Mwayi Mkandawire 1 &

President Lazarus Chakwera says Government will set up a mining company, establish a mining regulatory authority and construct a K820 million laboratory in Lilongwe. Chakwera revealed the plans during a national address yesterday, saying his… ...

Captured: RBM wants to be allowed to award contract to foreign-owned firm

Apr 22, 2021 Malawi24 Reporter 0 &

Reserve Bank of Malawi (RBM) has asked the High Court to allow the bank to award two contracts to a foreign-owned firm that did not meet RBM’s own set evaluation criteria during bidding process. The… ...

ACB, RBM in Mangochi for virtual meeting

Apr 20, 2021 Russell Kondowe 0 &

Officials from Reserve Bank of Malawi, Anti-Corruption and Financial Intelligence Authority (FIA) have travelled from there bases in Lilongwe to Mangochi for a virtual meeting. According to lawyer Bright Theu, officials from the three organisations… ...

PPDA orders RBM to retender ICT bids

Mar 15, 2021 Andrew Cane Chilapondwa 0 &

The Public Procurement and Disposal of Assets Authority (PPDA) has ordered the Reserve Bank of Malawi (RBM) to retender the supply of ICT equipment to the Central Bank after it found errors in the bidding… ...