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MDF chief tells off politicians - The Times Group Malawi
By Deogratias Mmana  Malawi Defence Force (MDF) Commander Vincent Nundwe has warned politicians and government to stop politicising MDF for their personal interests. Among others, Nundwe warned politicians to stop interfering with MDF by promising promotions to soldiers and further cautioned
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Kabambe granted bail | Malawi 24 - Malawi news
Former Reserve Bank of Malawi (RBM) Governor Dr Dalitso Kabambe and three other suspects have been granted bail. Lilongwe Chief Resident Magistrate Patrick Chirwa has granted bail to the four today on condition that they each pay 5-million-kwacha bail bond and produce two million kwacha
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Source: Malawi 24 | Malawi news
Over K12 billion vanishes at Malawi Reserve Bank
A Reserve Bank of Malawi (RBM) fund has lost over K12 billion through acts of gross negligence and abuse of office, a special audit report has revealed. The money was lost at Export Development Fund (EDF), a Reserve Bank of Malawi subsidiary established in 2012 as a private development finance
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Source: Malawi 24 | Malawi news
Court rebuffs Mpinganjira on bail application - The Times Group Malawi
By Jameson Chauluka High Court Judge John Chirwa has dismissed with costs Thomson Mpinganjira’s application to be released on bail pending appeal. Mpinganjira, who was not physically present in court yesterday, is serving a nine-year jail term after he was convicted of attempting to bribe judges
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Private sector credit hits K1 trillion
Credit to the private sector from financial institutions maintained an upward trajectory in June, hitting K1.1 trillion, figures from the Reserve Bank of Malawi (RBM) show. The value grew by K100 billion within a month. In its June 2023 Monthly Economic Review issued on Wednesday, RBM says annual
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Auditor General queries K183 billion - The Times Group Malawi
By Taonga Sabola A report by the Auditor General (AG) on government accounts for the year ended June 2020 has raised red flags on transactions amounting to K183 billion by government ministries, departments and agencies (MDAs). The queries are K148 billion more than the irregularity of K35 billion
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Reserve Bank of Malawi tightens screws on export proceeds
The Reserve Bank of Malawi (RBM) has suspended the sale of cash export proceeds to foreign exchange bureaux with immediate effect. This means people who get foreign currency directly from buyers cannot exchange it with Kwachas in the bureaux. The bank has indicated, in a press release, that it has
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Traders lock AIP fertiliser
By Cathy Maulidi: The country has about 14,500 metric tonnes (mt) of fertiliser that are available for distribution, but Affordable Inputs Programme (AIP) beneficiaries cannot access the same because the soil-enriching substance is under collateral. Under the collateral agreement, the government is
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Bankers weigh in on rising interest rates
The Bankers Association of Malawi (Bam), an umbrella body for commercial banks in the country, has said ease in pressure on interest rates in the short to medium terms would largely depend on downward adjustment in the policy rate—the rate which banks use when borrowing from the central bank as
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
 Tembenu, DPP fight rages - The Times Group Malawi
By Serah Chilora Former minister of Justice and Constitutional Affairs Samuel Tembenu, who is also a member of Democratic Progressive Party (DPP) National Governing Council (NGC), has been removed from the party’s NGC WhatsApp group following his rebuking remarks after the party performed badly
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Market reacts to 44% Kwacha devaluation
Malawians had a rude awakening Thursday as commodity prices started rising in the aftermath of the Wednesday night’s 44 percent devaluation of the local unit, the Kwacha. After months of hesitation, the Reserve Bank of Malawi (RBM) on Wednesday announced the lowering in value of the local unit
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Public loans cost more
The Reserve Bank of Malawi (RBM)’s recent decision to raise the policy rate—the rate which commercial banks use when borrowing from the central bank as lender of last resort—continue to pile pressure as it means an elevation on the domestic public debt interest. According to a May Monthly Economic
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Times Exclusive featuring Dr. Dalitso Kabambe – 2 September 2023
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
IMF explores new ways of helping vulnerable countries
By Wezzie Gausi: The International Monetary Fund (IMF) has said it is exploring other options for voluntarily channeling Special Drawing Rights (SDRs) from members with strong external positions to support poorer and more vulnerable countries to help their recovery from the Covid pandemic. An SDR
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Young mothers’ second chance - The Times Group Malawi
By Isaac Salima Atupele Jafalie still carries a smile on her baby face that conceals the pain within her. It is only when you interact with her that you come to appreciate the bumpy road that she has and continues to traverse. At 18, she is already a mother and while her age-mates are busy
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Budget targets missed
Finance Minister Sosten Gwengwe must have one of the toughest jobs when revisiting the 2023-24 national budget, as almost all parameters have gone rouge, as there are glaring mismatches between assumptions anchoring the financial plan and reality on ground. Justin Mkweu writes. In the 2023-24
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Economists tell govt to fast-track growth - The Times Group Malawi
By Taonga Sabola The Economics Association of Malawi (Ecama) has said Malawi’s economy needs to grow at the rate of eight percent per annum if the country is to double its gross domestic product (GDP) per capita by 2030, as stipulated in the Malawi Implementation Plan (MIP-1) of 2063. Ecama
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Business Time on the policy rate adjustment – 1 August 2023
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Malawians stand with Kabambe | Malawi 24 - Malawi news
Malawians thronged the Lilongwe Magistrate Court premises this afternoon to show support for former Reserve Bank of Malawi Governor Dalitso Kabambe who has been charged with money laundering and office abuse. The group dominated by people clad in Democratic Progressive Party (DPP) colours marched
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Source: Malawi 24 | Malawi news
Reserve Bank of Malawi takes on black market
The Reserve Bank of Malawi (RBM) has conceded that the black market could be holding a significant amount of forex. The acknowledgement comes barely a month after the central bank announced that the Kwacha would marginally depreciate by 2.68 percent on June 21, from K1,036 to the United States
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Judge Kenyatta faults RBM for suing wrong defendant | Malawi 24 - Malawi news
Judge Kenyatta Nyirenda has faulted the Reserve Bank of Malawi (RBM) for naming wrong defendant in the case in which the bank wants to be allowed to award contracts to a foreign-owned firm. In a civil case number 13 of 2021, the bank sued Sparc Systems Ltd and wanted the High Court to set aside
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Source: Malawi 24 | Malawi news
The law and the economy: the case of MPs’ numbers - The Times Group Malawi
By Sellina Tembula The law is the law; this is a trite axiom often employed by advocates of societies strictly sticking to what was agreed upon by Members of Parliament (MPs) who make the dominant rules. Of course, there are always rooms for ‘softly bending the rules’ in line which various demands
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Reserve Bank of Malawi challenges industry on forex
Reserve Bank of Malawi (RBM) Deputy Governor William Matambo has challenged the country’s private sector to take advantage of initiatives in place to grow their export volumes and generate the much-needed forex. Matambo was speaking in Lilongwe on Wednesday when the Export Development Fund
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Bon Kalindo Charged - The Times Group Malawi
By Khumbo Kaliwo Politician-cum-comedian Bon Kalindo has been charged with publication of false news likely to cause fear and alarm to the public. He appeared before the Senior Resident Magistrate Court in Lilongwe yesterday. According to State Prosecutor Cecilia Zangazanga, on November
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Former Reserve Bank of Malawi chief chides current policy rate
Former Reserve Bank of Malawi (RBM) governor Dalitso Kabambe has described the country’s 24 percent policy rate as cosmetic and that it does not tally with what is on the ground. Kabambe argues with such a rate, the economy risks collapsing. He was speaking in a Times Exclusive International with
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
First half rates’ benchmark averages 12 percent - The Times Group Malawi
Reference rate—a benchmark for other rates— averaged 12.0 percent in the first half of 2021, a rate market analysts say is ideal to spar economic activities. However, other factors such as pangs of the Covid pandemic weighed heavily on the growth prospects and the operating environment as most
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Transglobe defrauded RBM of K6 billion – Report
Export Development Bank (EDF), a subsidiary of the Reserve Bank of Malawi (RBM), gave private-owned Transglobe Produce Export K6 billion which it is feared may never be paid back. This has been revealed by an audit report conducted by accountants Fletcher and Evance. EDF is a Reserve Bank of Malawi
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Source: Malawi 24 | Malawi news
Mulli seeks K2.1 billion in damages from audit firm over RBM report | Malawi 24 - Malawi news
Mulli Brothers Limited (MBL) is seeking K2.1 billion compensation from Deloitte & Touche Services Limited, saying the audit firm defamed the company in a forensic audit report for the Reserve Bank of Malawi (RBM). In the report released this year, Mulli Brothers was mentioned as one of the
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Source: Malawi 24 | Malawi news
Reserve Bank of Malawi to embrace risk-based supervision of insurance
The Reserve Bank of Malawi (RBM) has said it is in the process of migrating from the current compliance-based supervisory approach to a risk-based approach in order to align with international best practices. RBM Director of Pensions and Insurance Supervision Paul Nyirenda disclosed this in
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Two acquitted in K4.3 billion RBM case
A magistrate's court in Lilongwe has acquitted Rodrick Wiyo and Leah Donga in the case in which former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe and others are accused of facilitating 4.3 billion kwacha payment to FDH Bank without approval of the RBM board. The case had nine suspects
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Source: Malawi 24 | Malawi news
More from The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
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Infotainment – 7 May 2021 - The Times Group Malawi
‘Local Girl’ turns on traditional music ignition key - The Times Group Malawi
It takes a thief to catch a thief - The Times Group Malawi
Bullets land on Silver - The Times Group Malawi
Fear grips Asian community over attacks - The Times Group Malawi
Peter Mutharika, Kondwani Nankhumwa disagree on Vuwa Kaunda’s replacement - The Times Group Malawi
Referee woes - The Times Group Malawi
How govt, corruption waged war on Malawi’s forests - The Times Group Malawi
Mr Zembani, Joseph Nkasa share stage in Zomba gig - The Times Group Malawi
Charles Sinetre promises transparency in Sir Paul Banda, Isaac Liwotcha fundraiser - The Times Group Malawi
FDH, Fam to train Flames players in savings, investment - The Times Group Malawi
Mixed fortunes at Malawi Stock Exchange in April - The Times Group Malawi
No redress for Msundwe women - The Times Group Malawi
Lloyd Muhara off the bench - The Times Group Malawi
Low turnout at Sounds of Malawi - The Times Group Malawi
Times Exclusive with Jimmy Korea Mpatsa - 8 May 2021 - The Times Group Malawi
Sales start well at Mzuzu floors - The Times Group Malawi
Lazarus Chakwera hails Malawi, US relations - The Times Group Malawi
Joyce Mvula shines in Thunders’ victory - The Times Group Malawi
Dennis Ngulube faces life ban, Blantyre giants on referees’ neck - The Times Group Malawi
Feast of films at EU Fest - The Times Group Malawi
South Sudan president dissolves parliament - The Times Group Malawi
A pool of sorts - The Times Group Malawi
Petition on World Heritage Site threat - The Times Group Malawi
Malawi face Zambia in Caf Women’s Cup qualifiers, U-20 Fifa Qualifiers - The Times Group Malawi
16 declared ‘persona non-grata’ at Macra - The Times Group Malawi
Bridge linking Botswana, Zambia inaugurated - The Times Group Malawi
Theatre in Mandala seeks to grow theatre - The Times Group Malawi
Santy learns from Ethno - The Times Group Malawi
Code makes fresh move - The Times Group Malawi
Women at the core of fighting violence - The Times Group Malawi
FDH prize money excites clubs - The Times Group Malawi
‘Farmers are being duped’ - The Times Group Malawi
Lazarus Chakwera dares graduates on national growth - The Times Group Malawi
Pac rejects Martha Chizuma as ACB Director - The Times Group Malawi
Council to discuss politicians in sports - The Times Group Malawi
Malawi 2063 Realisation within the Liberal Democratic Environment - The Times Group Malawi
Nomads eye seeded slot - The Times Group Malawi
Dynamos complete signing of Scorchers duo - The Times Group Malawi
Hannah seeks to build career - The Times Group Malawi
Peter Banda, Charles Petro bask in Moldova league glory - The Times Group Malawi
Maize farmers cry foul - The Times Group Malawi
Lazarus Chakwera to lead Kamuzu memorial - The Times Group Malawi
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Social networking High Definition style - The Times Group Malawi
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