Reserve Bank of Malawi
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Business News
Cumulative tea earnings down 39 percent
Cumulative earnings from tea, one of the country’s export crops, has dropped by 39 percent year-on-year to $2.7 million (K1.2…
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Business News
Import cover calculating figure rises to $209 million
Malawi’s monthly import cover calculating figure has jumped by 9.4 percent to $209 million from $191 million, the Reserve Bank…
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Front Page
Exclusive: RBM’s Mzuzu branch payment mess exposed
The Reserve Bank of Malawi (RBM)—supposedly the epitome of fiscal integrity—is at pains to justify more than K9 billion in…
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Business News
National Switch to go live early 2015—RBM
The National Switch (Nat Switch), a shared switch platform to connect all the country’s commercial banks, will go live in…
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Front Page
Liquidity challenges hit commercial banks
Some commercial banks are struggling to meet their daily minimum liquidity requirements and have resorted to borrowing from Reserve Bank…
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Business News
MCCCI blames kwacha fall on panic buying
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has blamed the recent sharp fall of the local currency on…
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Business News
Nico General eyes 45% market share
Nico General Insurance Company, a subsidiary of Malawi Stock Exchange (MSE)-listed financial services group Nico Holdings Limited, has touted 2014…
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Editors Pick
Civil servants salaries to delay
Civil servants will have to wait a little bit longer to receive their salaries, government has announced. In a press…
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Front Page
New Cashgate frontier: Pac summons ACB, DPP, RBM and others
The Public Accounts Committee (PAC) of Parliament has summoned officials from the Director of Public Prosecutions (DPP) and Anti-Corruption Bureau…
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Business News
RBM raises bank rate, now at 25%
Reserve Bank of Malawi (RBM) has revised upwards the bank rate or policy rate by 2.5 percentage points, barely three…
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Front Page
MLS challenges RBM on legal regulations
The Malawi Law Society (MLS) has obtained an injunction that effectively stops the Reserve Bank of Malawi (RBM) from implementing…
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Business News
Scale up market efficiency, RBM urges financial dealers
Financial dealers in the country have been urged to be on the forefront in ensuring that markets are functional and…
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Business News
Kwacha hits worst point, may trade at K525 by Dec
The kwacha hit its lowest point to the dollar since 2012 on Monday, with the middle rate falling to about…
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Business News
Chuka’s speaks on depreciating kwacha
In recent weeks, the local currency, the kwacha, has continued to show signs of ceding to major international currencies, notably…
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Business News
Weakening Malawi kwacha not strange—Chuka
Reserve Bank of Malawi (RBM) Governor Charles Chuka has downplayed the buzz over the recent weakening of kwacha against other…
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Front Page
Chuka, Kamphasa, Mkondiwa back on PAC wanted list
The Public Accounts Committee (PAC) of Parliament will again summon three of the major players in the Public Finance Management…
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Business News
Malawi T-bills rates plunge
Treasury bills (T-bills) rates—one of the determinants of commercial bank interest rates—fell on all tenors in August compared to the…
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Business News
Food uncertainty, budget may push up prices
Food uncertainty and the implementation of the proposed K742.8 billion budget may threaten an increase in inflation—generally push up prices—according…
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Business News
RBM to maintain monetary policy
The Reserve bank of Malawi (RBM) has said it will continue implementing a prudent monetary policy against a backdrop of…
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Editors Pick
Malawi NGOs to disclose expenditures
Non-governmental organisations (NGOs) will start disclosing and reporting to the public their expenditures as one way of achieving transparency and…
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