Reserve Bank of Malawi (RBM) is not looking good as Human Rights Defenders Coalition (HRDC) has descended on them, exposing a procurement scandal amounting to about K1825866022.79. In its letter dated 12th November 2020 to Anti-Corruption Bureau (ACB) boss Reyneck Matemba, HRDC chairperson Gift Trapence notes allegations of abuse of office in the procurement of […]
The minutes from the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) held on the 3rd of December 2012 makes a very grim reading and offers little or no hope at all to millions of Malawians who are currently mired in economic hardships. At a time when everyone else is cutting […]
Malawi’s central bank said on Tuesday it would raise its benchmark interest rate by 400 basis points to 25 percent as it seeks to stabilise the kwacha currency to contain inflation. “Reflecting the decreasing foreign exchange reserves and the increasing inflationary expectations, the kwacha continued to depreciate faster than anticipated,” the Reserve Bank Of Malawi said in […]
Zimbabwe’s Kingdom Financial Holdings Limited (KFHL) is disposing off its 38,15 per cent stake in FDH Financial Holdings of Malawi (FDH) after Reserve Bank of Malawi (RBM) certified KFHL unfit and to hold shares in the local group and banking institution. This is contained in documents detailing arbitration proceedings between Old Mutual Life Assurance and […]
By Jeden Chilikunzako, Nyasa Times Silver Strikers FC dramatically turned the clock back, reversed its earlier decision that fired Coach Dan Dzinkambani last month and have agreed to bring him back to restore lost glory. “Daniel Dzinkambani is returning to Silver Strikers as head coach,” the club source told Nyasa Times in a move certain […]