New Mk1,000 bank note now in circulation
Published on February 2, 2021 by Robert Ngwira
Information sourced by faceofmalawi indicate that the new Mk1,000 banknote is now in full circulation. The upgraded bank note aims […]
Tag: RBM
RBM maintains policy rate at 12 percent
Published on January 27, 2021 by Robert Ngwira
The Reserve Bank of Malawi (RBM) Monetary Policy Committee has maintained the policy rate at 12 percent. According to a […]
RBM to release new K1000 banknote
Published on November 27, 2020 by Robert Ngwira
Reserve Bank of Malawi(RBM) has announced that the bank will release new and upgrade K1000 bank note from February 2021. […]
Three In Cooler For Possessing Fake Malawian Currency In Mulanje
Published on November 26, 2020 by Edgar Naitha
Police in Mulanje are keeping in custody three men for allegedly being found in possession of fake Malawian currency amounting […]
Reserve Bank Of Malawi Warns Pyramid Scheme is Fraud
Published on November 4, 2020 by Flora Mitumba
A Pyramid Scheme is a fraudulent money making venture and avoid joining and participating in any suspicious financial scheme. This […]
Three In Cooler For Soiling Bank Notes
Published on November 2, 2020 by Edgar Naitha
Police in Mangochi have arrested two women and a male after being spotted in a video clip damaging and soiling […]
Police Bust Syndicate Of Local, Foreign Currency Manufacturing And Distribution
Published on September 28, 2020 by Edgar Naitha
The Malawi Police and the Reserve Bank of Malawi claim to have busted a syndicate of local and foreign currency […]
Man arrested for attempting to deposit fake currency to Airtel money account
Published on September 28, 2020 by Robert Ngwira
Police in Lilongwe have arrested a 25- year-old man Macdonald Makoka for attempting to deposit fake currency with a face […]
Govt To Revoke Mining Licences Of Companies That Have Stayed Idle For Five Years Or More
Published on August 24, 2020 by Edgar Naitha
According to the Minister of Mining, Rashid Gaffar, the government will start revoking mining licences from companies that have stayed […]
Chakwera fires RBM Governor Dalitso Kabambe, replaces him with Wilson Banda
Published on July 9, 2020 by Robert Ngwira
State President Dr. Lazarus Chakwera has fired Governor of Reserve Bank of Malawi (RBM) Dalitso Kabambe. The development comes barely […]
Chakwera dissolves 7 more boards of parastatals, RBM inclusive
Published on July 2, 2020 by Robert Ngwira
Newly elected President Dr. Lazarus Chakwera has dissolved seven more boards of directors of statutory corporations and state owned enterprises, […]
Reserve Bank of Malawi explains ‘cash transferring rumour’
Published on June 29, 2020 by FACE OF MALAWI
The Reserve Bank of Malawi (RBM) has dismissed rumours that its Governor authorised transfer of billions of Kwacha into an […]
Next IMF credit extension to consider Covid-19
Published on June 11, 2020 by Edgar Naitha
The International Monetary Fund (IMF) says its next review mission of the three-year Extended Credit Facility (ECF), slated for September […]
Mining to grow by 3.0 percent
Published on June 9, 2020 by FACE OF MALAWI
Mining and quarrying industry is estimated to grow by 3.0 percent in 2020, down from an estimated growth of 4.0 […]
Illiteracy blamed for mobile money scams
Published on May 27, 2020 by Edgar Naitha
Information and Communications Technology Association of Malawi (Ictam) president, Bram Fudzulani attributed the success of mobile money scams and other […]
World Bank speaks on attracting Foreign Direct Investors
Published on May 22, 2020 by FACE OF MALAWI
The World Bank has tipped Malawi and other developing countries to improve on transparency if they are to build confidence […]
Mpamba removes transaction fees in the fight against Covid-19
Published on April 28, 2020 by Robert Ngwira
TNM Mpamba Limited will be foregoing revenue in excess of K80mil/month for the next 3 months in a quest to […]
TNM, Airtel removes user fees on mobile money transfer
Published on April 21, 2020 by Robert Ngwira
Malawi’s two Mobile Network Operators, Airtel Malawi plc and TNM plc, have completely removed user fees and charges on personal […]