Reserve Bank of Malawi
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Business News
Lending rate projected to fall to 37.8 percent
Malawi’s average lending rate, considered one of the highest in the world, is projected to fall from 46 percent in…
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Business News
National Switch undergoing testing
The National Switch (Nat Switch), a shared switch platform to connect all the country’s commercial banks, is at the implementation…
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Business News
ATM downtime frustrating payment systems—RBM
Reserve Bank of Malawi (RBM) has said it will continue monitoring commercial banks on automated teller machines (ATM) downtime, a…
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Front Page
Citizen Insurance Company under liquidation
The Supreme Court of Appeal has appointed Reserve Bank of Malawi (RBM) Governor Charles Chuka to be liquidator of Citizen…
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Business News
Chuka says fiscal indiscipline frustrating economy
Reserve Bank of Malawi (RBM) Governor Charles Chuka has warned that continued over borrowing and general lack of fiscal discipline…
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Business News
FDH group weathers the storm, profit hits K876m
FDH Financial Holdings, one of the country’s financial services group, has registered a profit after tax of K876 million (US$2…
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Business News
RTOA accuses international truck operators of sabotage
Road Transport Operators Association of Malawi (Rtoa) executive director Chrissie Flao says the tendency by some international truck operators to…
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Business News
Four Malawian banks fail to meet Basel II capital
Four of the Malawi’s 11 commercial banks were by June 30 yet to meet the new capital requirement of $5…
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Business News
Ibam to continue lobbying for small businesses interests
The Indigenous Businesses Association of Malawi (Ibam) says it will continue to lobby for the welfare of indigenous businesses to…
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Business News
Governor Chuka satisfied with kwacha performance
The Reserve Bank of Malawi (RBM) Governor Charles Chuka says he is pleased with the prevailing kwacha exchange rate against…
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Business News
Malawi’s inflation fall highest in Comesa
Malawi recorded the highest fall in inflation in May although the rate remained one of the highest in the region,…
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Business News
Lombard facility access peaked at K11.5bn in June
Commercial banks starved of liquidity borrowed K11.5 billion in June through the Lombard facility, a rise of 56 percent from…
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Business News
Inflation fall slows, now at 22.5 percent
Inflation rate fell by only 0.1 percentage point to 22.5 percent in June, according to the National Statistical Office (NSO),…
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Business News
Tobacco exports jump 36 percent
January to June 2014 exports for Malawi’s major forex earner, tobacco, jumped by about 36 percent, according to a report…
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Business News
Banks’ liquidity improves, hits K7bn
Liquidity levels are fast picking up on the market, averaging K7 billion from K5.37 billion the week before, showing that…
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Business News
Economists back bank rate cut
The Economics Association of Malawi (Ecama) and a professor of economics at Chancellor College have separately welcomed the Reserve Bank…
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Business News
Govt budget, money supply unsettles RBM
The Reserve Bank of Malawi (RBM), the country’s monetary authority, has said there are prospective risks associated with an increase…
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Business News
Deposit interestrates start to rise
Deposit interest rates have started to rise but still below inflation, leading to a negative real return, a situation which…
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Editors Pick
Bank rate cut to 22.5 percent
The Monetary Policy Committee has reduced the bank rate, the country’s policy rate to 22.5 percent from 25 percent—a rate…
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Business News
Government credit from banks rises 37 percent
Government credit from commercial banks rose by K66.7 billion, about 37 percent, to K245.8 billion in April compared to the…
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