Reserve Bank of Malawi spends K129bn on gold – The Times Group

Revitalizing Malawi’s Economy: K129bn Gold Investment Set to Stimulate Growth and Prosperity

Post was last updated: September 20, 2025

Key Business Points

  • The Reserve Bank of Malawi (RBM) has acquired 536 kilogrammes of gold valued at approximately $63.2 million to boost macroeconomic stability.
  • This move is part of the RBM’s long-term strategy to strengthen the country’s official reserves, which will have a positive impact on Malawi’s business community and economic growth.
  • The acquisition demonstrates the RBM’s commitment to enhancing macroeconomic stability, which is crucial for attracting foreign investment and promoting local entrepreneurship.

The Reserve Bank of Malawi (RBM) has taken a significant step towards enhancing macroeconomic stability by acquiring 536 kilogrammes of gold. This move is part of the bank’s long-term strategy to strengthen the country’s official reserves. According to RBM spokesperson Boston Maliketi Banda, the gold acquisition is a deliberate effort to bolster the country’s economy and provide a safety net against economic shocks. The gold stockpile is valued at approximately $63.2 million based on yesterday’s midday prices, making it a substantial addition to the country’s reserves.

This development is mzimu wokongola (good news) for Malawi’s business community, as a stable economy is essential for business growth and investment. The RBM’s move is expected to enhance investor confidence and create a favorable business environment. With a strong economy, local entrepreneurs can access funding and resources more easily, which will help to stimulate economic growth.

The acquisition of gold is also a strategic move to diversify the country’s reserves. By holding a portion of its reserves in gold, the RBM can reduce its dependence on other reserve assets and mitigate potential risks. This fiscally responsible approach will help to safeguard the country’s economy and promote long-term stability.

As Malawi continues to ndikumhlaba (grow and develop), the RBM’s efforts to strengthen the economy are crucial. The acquisition of gold is a positive step towards achieving this goal, and it demonstrates the bank’s commitment to supporting local businesses and promoting economic growth. With a stable economy and a strong reserve base, Malawi is well-positioned to attract foreign investment and stimulate local entrepreneurship.

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Vanessa Banda
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