Reserve Bank of Malawi Archives

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… ...

Reserve Bank of Malawi Mzuzu branch ‘for sale’

Mar 02, 2021 Malawi24 Reporter 0 &

A contractor is looking to sell the K18.4 billion Mzuzu Branch of the Reserve Bank of Malawi (RBM). RBM has since applied for High Court order to restrain the contractor, David Chidyaonga of DDC Designs,… ...

Four arrested for decorating flower bouquets with banknotes

Feb 16, 2021 Malawi24 Reporter 0 &

Four people have been arrested in Blantyre after they decorated flower bouquets with Malawi Kwacha banknotes. The suspects were arrested during an operation conducted by fiscal police in liaison with Reserve Bank of Malawi (RBM)… ...

SMEs welcome policy rate reduction

Feb 08, 2021 Malawi24 Reporter 0 &

The Indigenous Business Association of Malawi (IBAM) has welcomed the central bank’s decision to have the current policy rate maintained at 12 percent, with a plea for government to prioritize indigenous businesses in awarding contracts… ...

Court jails eight over counterfeit currency in Kasungu

Feb 05, 2021 Archangel Nzangaya 0 &

The Kasungu Senior Resident Magistrate’s Court has sentenced David Shumba to 14 years imprisonment and seven others to 4 years in prison each over counterfeit currency. According to state prosecutor Assistant Superintendent Peter Njiragoma, the… ...

Former RBM governor poised to take on Nankhumwa for DPP leadership

Dec 31, 2020 Russell Kondowe 0 &

The race to replacing former President Peter Mutharika as leader of the opposition Democratic Progressive Party (DPP) has started garnering curious interest with reports that former Reserve Bank of Malawi governor Dalitso Kabambe is eyeing… ...