Chakwera Appoints MacDonald Mafuta Mwale as RBM Governor
Published on January 7, 2025 by Edgar Naitha
President Dr. Lazarus Chakwera has appointed MacDonald Mafuta Mwale, the former Secretary to the Treasury, as the new Governor of […]
Tag: Reserve Bank Of Malawi
Treasury borrows K100 billion from commercial banks to settle part of pension arrears
Published on April 2, 2024 by Victoria Manjolo
Report shows that the government owes pension K 134 billion in arrears, such that it has been paying the money […]
Low Turn-out Mars Zomba Demonstrations
Published on November 23, 2023 by Edgar Naitha
There is a low turnout of people expected to take part in today’s demonstrations happening in Zomba. The demonstrations, which […]
Kabambe Condemns 44% Kwacha Devaluation as Reckless
Published on November 9, 2023 by Edgar Naitha
Former Reserve Bank of Malawi Governor, Dalitso Kabambe, has strongly criticized the recent 44 percent devaluation of the kwacha, deeming […]
Malawi’s Foreign Exchange Reserves Depleted, Expert Urges Devaluation Of Kwacha
Published on June 9, 2023 by Edgar Naitha
The Reserve Bank of Malawi (RBM) has stated that the country’s foreign exchange reserves are severely depleted and will not […]
RBM trashes devaluation rumors
Published on November 29, 2022 by Flora Mitumba
The reserve Bank of Malawi (RBM) has dismissed rumors making rounds on social media that it intends to devaluate the […]
‘Are you Reserve Bank’s spokesperson?’ Malawians Question Kazako Over K10, 000 Note Rumors
Published on August 4, 2022 by Flora Mitumba
On Wednesday, Malawians descended on Minister of Information who is also government spokesperson after he trashed reports that the country’s […]
FDH Bank Ordered to refund K108Bil Proceeds of Crime
Published on March 5, 2022 by Chisomo Kambale
The Director of Public Prosecution Dr. Steve Kayuni has asked FDH bank to refund K10.4 Billion the bank received from […]
SACCOs want Financial Cooperative Act revised
Published on June 22, 2021 by Flora Mitumba
Savings and Credit Cooperative Organizations (SACCOs) in the country want the Financial Cooperative Act of 2011 revised to foster growth […]
Police Recover Stolen Items In Blantyre
Published on March 19, 2021 by Flora Mitumba
Police in Blantyre have recovered assorted property worth 1.5 Million Kwacha which was stolen at Reserve Bank of Malawi Offices […]
Two Women Fined K350, 000 For Soiling Bank Notes in Mangochi
Published on February 8, 2021 by Flora Mitumba
The Mangochi Senior Resident Magistrate Court has today ordered two women to pay K350, 000 each for soiling and damaging […]
Eight Jailed Over Counterfeit Currency In Kasungu
Published on February 5, 2021 by Flora Mitumba
The Kasungu Senior Resident Magistrate’s Court has sentenced David Shumba to 14 years imprisonment and seven others to 4 years […]
Government should tame inflation; Kalua advises
Published on January 18, 2016 by FACE OF MALAWI
Chancellor College based economics professor Ben Kalua has said there is no better time for the country to tame the […]
RBM INVESTIGATING WHETHER MONEY STOLEN FROM STANDARD BANK’S MZUZU BRANCH BELONGED TO THEM
Published on September 8, 2014 by FACE OF MALAWI
The Reserve Bank of Malawi (RBM) has said it will institute a thorough investigation to determine whether the K500 million […]
SITHOLE’S CASE AWAITS STATE TO VERIFY SOURCE OF BANK NOTES
Published on August 29, 2014 by FACE OF MALAWI
Business man Mr Victor Sithole’s cashgate case will reconvene once the state’s lawyer Mr Kamudoni Nyasulu has identified the bank […]
RBM DOWNPLAYS CAMPAIGN INFLATION PRESSURE
Published on April 23, 2014 by Robert Ngwira
Authorities have downplayed threats that the politicians’ cash splashing campaign may orchestrate inflation-rise in the run up to the May […]
The truth behind the sale of the Presidential Jet
Published on February 28, 2014 by Face of Malawi
The Former Principal Secretary of Finance in the Office of the President and Cabinet (OPC), Mr. Joster M. Njanji, has […]
PAC wants the head of RBM boss
Published on November 5, 2013 by FACE OF MALAWI
The Public Accounts Committee (PAC) of Parliament has come out to demand that as investigations in the Cash gate looting […]