Tag: BAM

RBM and BAM admit that customers in the banking sector are facing many challenges

Published on June 10, 2024 by Victoria Manjolo

Reserve Bank of Malawi (RBM) and Banks Association of Malawi (BAM) have admitted that customers in the country’s banking sector […]

Mlusu Fires Warning Shots At Banks On VAT

Published on November 2, 2021 by Robert Ngwira

Minister of Finance Felix Mlusu has warned commercial banks against transferring 16.5 percent Value Added Tax (VAT) to customers, adding […]

HRDC Challenging Govt Over VAT On No-Banking Services

Published on October 29, 2021 by Flora Mitumba

The Human Rights Defenders Coalition (HRDC) is challenging some clauses in a government law that seeks to apply 16.5 percent […]

MRA Speaks out on the 16% VAT on Non-banking Services

Published on October 28, 2021 by Chisomo Kambale

The Malawi Revenue Authority (MRA) has moved in to clarify the 16% VAT on non-banking services. The development follows a […]

BAM Introduces VAT on Banking Services

Published on October 28, 2021 by Flora Mitumba

Bankers Association of Malawi (BAM) has said it has introduced Value Added Tax (VAT) on some Banking Services. BAM’s Acting […]

Malawi central bank offers relief COVID-19 packages to commercial bank, reduces mobile payments charges by 40%

Published on April 14, 2020 by Edgar Naitha

The Reserve Bank of Malawi (RBM) in conjunction with Bankers Association of Malawi (BAM) has announced measures to mitigate the […]

THE FACE OF MALAWIAN WOMEN IN AGRICULTURE

Published on March 31, 2020 by Robert Ngwira

By Steven Godfrey Mkweteza Maria Khisimisi rose early, shouldered her hoe uncomplainingly, and set off to begin a backbreaking morning’s […]

MALAWI LOOSING OUT ON COMMODITY EXCHANGE MARKET

Published on July 2, 2014 by FACE OF MALAWI

Malawi is losing at least US$1.9 billion annually on the commodity exchange market due to high lending rates by commercial […]

Cheque encashment ban illegal – Malawi Law Society

Published on April 16, 2012 by FACE OF MALAWI

The decision by the Bankers Association of Malawi (Bam) to ban cheque encashment payable to any person other than the […]

‘Make emergency payments in cash’ …Bankers tell customers

Published on April 13, 2012 by FACE OF MALAWI

The Bankers Association of Malawi (Bam) has asked companies and cheque account drawers to make emergency payments in cash instead […]