A decision by the Reserve Bank of Malawi (RBM) to slash executive salaries in 2020 has resulted in costly compensation payments to former senior officials after the Industrial Relations Court (IRC) ruled that the reductions were unlawful. The ruling, delivered on November 14, 2025, found that RBM unlawfully reduced the salaries of executives after its […]
Reserve Bank of Malawi (RBM) deputy governor Henry Mathanga has resigned, citing “constructive dismissal” after the central bank forced him to go on special leave and is yet to enforce the Industrial Relations Court (IRC) order to provide all his benefits. Mathanga, who joined the central bank in 1984, said in his resignation letter dated […]
Government has earmarked Henry Mathanga to replace Charles Chuka as Governor of the Reserve Bank of Malawi (RBM) who is leaving the Central Bank at the expiry of his contract at the end of this month. Mathanga who is RBM’s Director of Financial Markets is said to be the favourite because of his family connections […]
There has been a radical shake-up at the Reserve Bank of Malawi (RBM) as part of the ongoing restructuring programme, Nyasa Times understands. The shake-up sees director of financial markets Henry Mathanga, who was recently involved in the release of $1.36 million about (K220 million) to his wife’s company to import fertilizer from Dubai without following […]
Malawi will hold its biggest ever bond sale on Friday as the government aims to raise 30 billion kwacha to restructure its domestic debt and develop a benchmark yield curve, a central bank official said on Thursday. The auction of 2-, 3-, 4- and 5-year notes will be open to domestic and offshore investors but […]