Tag: Charles Chuka
Malawian Banks Hike Lending Rates
Commercial banks in the country have started increasing their base lending rates following the decision by the Reserve Bank of Malawi (RBM) to adjust the policy rate two weeks ago. […]
Reserve Bank of Malawi Hikes Policy Rate To 25% – Local Businesses To Suffer?
The country’s businesses have expressed anger at last Friday’s decision by the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) to push back the bank rate, also […]
Government Accused of Awarding Contracts to Foreign Companies In US & EU
Conflict is brewing over the dominance of foreign companies in securing government contract deals with the Reserve Bank of Malawi accusing local entrepreneurs of not being organised to be awarded […]
Flexible Malawi kwacha good for farmers says RBM governor
Reserve Bank of Malawi (RBM) governor Charles Chuka says a flexible exchange rate is good for farmers but only the country opens up and increases exports for other crops such […]
Falling kwacha to hurt banks
The Reserve Bank of Malawi (RBM) has warned commercial banks that the falling kwacha though profitable, would astronomically drive up the financial institutions’ minimum capital requirement. RBM Governor Charles Chuka […]