Tag: RBM

Two suspects discharged in MK4.3 billion FDH Bank compensation case involving Dalitso Kabambe

Published on August 12, 2022 by Robert Ngwira

Director of Public Prosecutions Dr. Steven Kayuni has asked the Chief Resident Magistrate in Lilongwe Madalitso Chimwaza to give the […]

RBM speaks out on MK10,000 banknote

Published on August 3, 2022 by Robert Ngwira

The Reserve Bank of Malawi (RBM) has refuted reports that it is planning to release into circulation a K10,000 banknote. […]

MK5,000 bank note wins global beauty pageant

Published on July 9, 2022 by Robert Ngwira

Malawi’s five thousand kwacha bank note has been chosen as the global best currency for the year 2022. Officials from […]

RBM reacts to fuel hike rumours, threatens to deal with man behind leaked communiqué

Published on July 7, 2022 by Robert Ngwira

The Reserve Bank of Malawi (RBM) has threatened to deal with a man who has leaked a statement purportedly recommending […]

MERA rejects fuel hike rumours

Published on July 7, 2022 by Robert Ngwira

The Malawi Energy Regulatory Authority (MERA) has trashed rumours hovering on social media that fuel has been hiked again in […]

Business Owners Shun The Market In Malawi Over Devaluation

Published on June 8, 2022 by FACE OF MALAWI

Following the 25% devaluation of Kwacha announced by the Reserve Bank of Malawi weeks ago, some business owners see it […]

K800 Million Mistakenly sent to NRB in 2020, Social Media Reacts

Published on May 30, 2022 by Chisomo Kambale

It has emerged that over the K800 million was “mistakenly” sent to the National Registration Bureau (NRB) in 2020 by […]

Sugar Prices Rise

Published on May 30, 2022 by Chisomo Kambale

Illovo Sugar Malawi Plc has adjusted upwards the prices of sugar A statement issued by the entity indicates that a […]

IMF did not influence Kwacha devaluation – RBM Governor

Published on May 27, 2022 by Flora Mitumba

Governor of the Reserve Bank of Malawi (RBM) Wilson Banda has dismissed reports that the devaluation of Kwacha has been […]

Reserve Bank Officials To Hold Press Briefing This Morning

Published on May 27, 2022 by Edgar Naitha

Officials from the Reserve Bank of Malawi (RBM) are this morning expected to address the media in Blantyre. Last evening, […]

Five Busted for Possessing Counterfeit $100 Bank Notes in Chitipa

Published on April 29, 2022 by Chisomo Kambale

Five men are in Police custody in Chitipa for being found in possession of 301 fake US$100 dollar notes with […]

Matambo appointed Deputy RBM Governor

Published on April 2, 2022 by Chisomo Kambale

Reserve Bank of Malawi (RBM) has appointed William Matambo as the Deputy Governor, effective 1st April,2022. Matambo replaces Grant Kabango […]

NKHOTAKOTA: Man busted with Counterfeit K5000 Banknotes

Published on March 29, 2022 by Chisomo Kambale

Barely a few weeks after the Reserve Bank of Malawi (RBM) unveiled new K5000 banknotes for public usage, Police at […]

Old Mutual Malawi Launches Alternative Investments In Style

Published on March 26, 2022 by Robert Ngwira

One of the leading insurance companies in the country, Old Mutual Malawi has launched an alternative Investments with an aim […]

Former RBM Deputy Governor Henry Mathanga granted bail

Published on March 9, 2022 by Robert Ngwira

The Lilongwe Chief Resident Magistrate’s Court has granted bail to former Deputy Governor of the Reserve Bank of Malawi (RBM) […]

Former RBM Deputy Governor Arrested

Published on March 9, 2022 by Robert Ngwira

Information reaching faceofmalawi indicates that former Reserve Bank of Malawi (RBM) Deputy Governor Henry Mathanga has been arrested. According to […]

RBM releases K5000 Banknote

Published on February 24, 2022 by Chisomo Kambale

Reserve Bank of Malawi has today, February 24th released a 5, 000 kwacha banknote into circulation. According to the spokesperson […]

RBM To Release K5000 Banknote Tomorrow

Published on February 23, 2022 by Edgar Naitha

The Reserve Bank of Malawi (RBM) is set to release a K5, 000 banknote tomorrow. According to RBM Spokesperson Ralph […]