Tag archives: RBM

RBM Deputy Governor Simwaka warns Malawi’s inflation fight requires more than interest rates as he outlines path to single digits

By NyasaAuthor1

Reserve Bank of Malawi (RBM) Deputy Governor Kisu Simwaka has warned that Malawi’s stubbornly high inflation cannot be defeated by monetary policy alone, arguing that the country must address deeper structural weaknesses, including foreign exchange shortages, fiscal pressures, and climate vulnerability. Simwaka says Malawi’s inflation crisis has persisted because the economy lacks the foundations required […]

Read full story — RBM Deputy Governor Simwaka warns Malawi’s inflation fight requires more than interest rates as he outlines path to single digits

Reserve Bank of Malawi caught up in $1.1m forex seizure case

By NyasaAuthor1

The Reserve Bank of Malawi is holding $1.1m (about K1.9bn) in cash seized from two Tanzanian nationals, placing the central bank at the centre of a case that has surfaced as the country grapples with a severe foreign exchange shortage and growing concern over illicit financial flows. The money was handed to the Reserve Bank […]

Read full story — Reserve Bank of Malawi caught up in $1.1m forex seizure case

Govt must blacklist, confiscate assets of corrupt & fraudulent companies

By Nyasa Times Reporter

It is no longer a far-fetched idea that Malawi is slowly but steadily nourishing her two twins—fraud and corruption—who are, unfortunately now, quickly making sure that this nation—their mother—is reduced to nothing but shambles, as far as economic prudence is concerned. Now, this is not only lugubrious, but also brings the all of us into […]

Read full story — Govt must blacklist, confiscate assets of corrupt & fraudulent companies

Malawians hit by drop in money transfers from relations abroad

By Nyasa Times Reporter

A 33 percent drop in remittances from Malawians working or living abroad to their friends or relatives back home has resulted in negative consequences to about 80 percent of the country’s households, Nyasa Times has learnt. In the last five months the Reserve Bank of Malawi (RBM) states that remittances have dropped to US$78.96 million […]

Read full story — Malawians hit by drop in money transfers from relations abroad

Reserve Bank seeks court intervention to manoeuvre contract award

By Nyasa Times Reporter

The Reserve Bank of Malawi (RBM) has, under panic and intense pressure, appealed to the High Court on a case in which it awarded two contracts to a firm that never met its own set evaluation criteria. The bank is desperately asking court to review the decision made by the Public Procurement and Disposal of […]

Read full story — Reserve Bank seeks court intervention to manoeuvre contract award