Malawi’s Central Bank has said those people who interfered with government abandoned payment system the infamous Integrated Financial Management Information System (IFMIS) did not enter the bank’s operating systems to plunder public resources. The report by the Public Accounts Committee (Pac) of Parliament on the Cash-gate scam called for the firing of Reserve Bank of Malawi (RBM) […]
Reserve Bank of Malawi (RBM) Governor Charles Chuka, should resign to pave way for investigations into the cash gate scam, the Public Accounts Committee (Pac) of the Parliament has demanded. Submitting a report to Parliament on Wednesday regarding the investigation into the financial mismanagement and misappropriation of funds in government, Pac’s committee chair person Beatrice […]
Parliamentary Accounts Committee (PAC) wants the Reserve Bank of Malawi governor Charles Chuka to be interdicted or be deployed elsewhere to pave way for smooth investigation on the looting of government resources at Capital Hill- the centre of government business in Malawi. This follows reports that the looting of public resources at Capital Hill as the […]
Malawi economy is slowly healing with the local currency, the Malawi kwacha, showing signs of stabilisation on account of weak demand for foreign exchange, National Bank of Malawi (NBM) has said. And the International Monetary Fund (IMF) has forecasted Malawi’s real Gross Domestic Product (GDP) growth rate next year at 6.1 percent which represents a […]
Let’s get real, economy growth to nose dive -Reserve Bank governor Malawi will cut its forecast for economic growth- Finance Minister Malawi President Joyce Banda has assured that the country’s battered economy will be revived, pointing out that she is resuscitating the sick economy which was choked by the previous DPP regime. Banda said the […]
Malawians should brace up for more hard times up to next year as the country’s economy continues to plummet to the dissatisfaction of the general population, Reserve Bank of Malawi Governor has warned. RBM Governor, Charles Chuka, speaking during a meeting with Business Journalists Association of Malawi in Blantyre, said the current economic woes are […]
Malawians are expected to feel the pinch as final decision to devalue the Kwacha is expected to be implemented Monday, May 7 2012. According to a highly placed source from one of the leading commercial banks, the government has given a go-ahead to devalue the currency, which both local and international community believe it is […]
The board of directors of Malawi Telecommunications Limited (MTL), country’s only fixed-line operator, has appointed Elias Imaan as acting chief executive officer with effect from 25 April 2012. According to a statement from MTL, since 2008, Imaan held positions of Head of Marketing and Chief Commercial Officer. “As Chief Commercial Officer, he has been one […]