Tag: Forex

Foreign reserves are still under severe pressure with latest market statistics pointing that both gross official and private sector reserves ...

Malawi’s Finance, Economic Planning and Development Minister, Goodall Gondwe, has defended the recent government transaction that involved the purchasing of ...

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has blamed the recent sharp fall of the local currency on ...

The contribution of tobacco to the country’s foreign exchange revenue has dropped from around 60 percent to an average of ...

The kwacha hit K520 against the dollar in commercial banks on Tuesday, a loss of about 20 percent within two ...

Malawi’s economy should brace for a bumpy ride following projections by the Tobacco Control Commission (TCC) that this year’s earnings ...

The United Kingdom (UK), Malawi’s traditional market for tea, the country’s second foreign currency earner after tobacco, seems to be ...

The Reserve Bank of Malawi (RBM) says it has effectively arrested the steep appreciation of the kwacha but has also ...

Tobacco earnings at the country’s auction floors have quickened to $68 million, a figure which represents 19 percent above what ...

Earnings from tea, one of Malawi’s reliable foreign exchange earners, has slumped 14 percent year-on-year to $3.1 million (K1.2 billion, ...

Golden Forex Bureau has reopened its Limbe branch with a promise to be leaders of the market by offering competitive ...

Malawi’s gross foreign exchange reserves, official and private sector combined, dropped by about 14 percent to 3.86 months of import ...

The kwacha gained about six percent against the dollar on the back of Reserve Bank of Malawi (RBM) tight monetary ...