Reserve Bank to Hold Symposium on Pension Funs

The Reserve Bank of Malawi (RBM) has announced it will on Tuesday hold a symposium in the commercial capital Blantyre whose aim is to discuss pension funds investment in infrastructural development In a statement signed by RBM governor, Dalitso Kabambe, the symposium will be held at Sunbird Mount Soche Hotel under the theme 'Investing Our Future  In Infrastructure.'  The pension fund is currently worth K746 billion.

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Malawi Stock Exchange pens Escom on borrowing | The Times Group

Malawi Stock Exchange pens Escom on borrowing | The Times Group: Malawi Stock Exchange (MSE) has written Electricity Supply Corporation of Malawi (Escom) and Secretary to the Treasury over the power utility firm’s proposal to borrow K30 billion from the money market.

MSE Chief Executive Officer, John Kamanga, confirmed in an interview Tuesday that his institution penned Escom a fortnight ago.

Malawi Stock Exchange maintains bullish run in Q3 | The Times Group

Malawi Stock Exchange maintains bullish run in Q3 | The Times Group: The Malawi Stock Exchange (MSE) continued with its bullish performance in the third quarter of 2018 as reflected by a 57.47 percent increase in share value.

In its third Quarter Market Performance report released on Wednesday, MSE indicates that the market, however, recorded a 76.35 percent decrease in terms of share volumes traded.

Private sector credit rises to K421 billion | The Times Group

Private sector credit rises to K421 billion | The Times Group: Credit to the private sector increased for a third consecutive month in May 2018, as it grew by K15 billion to K421.1 billion, figures from the Reserve Bank of Malawi (RBM) have shown.

During the corresponding month in 2017, credit to the private sector had declined by K882.1 million.

“The picking up of private sector credit partly reflects the declining path of interest rates in the country and a seasonal increase in economic activities associated with the harvest season,” says RBM in it’s recent Monthly Economic Review.

Financial sector complaints up 88% | The Times Group

Financial sector complaints up 88% | The Times Group: Complaints against financial market players jumped by 88 percent in 2017 to hit 361, figures from the Reserve Bank of Malawi (RBM) show.

This is compared to a total of 192 cases the registrar of financial institutions recorded in 2016.

The development could mean that more customers continue to be satisfied with the level of customer service offered by the financial market.

In its Financial Institutions Supervision Report for 2017, released on Wednesday, RBM says it handled 392 complaints, including 31 that were brought forward from 2016.

Financial inclusion seen rising to 70% - The Nation Online

Financial inclusion seen rising to 70% - The Nation Online: YOU ARE HERE: Home → Financial inclusion seen rising to 70%

Financial inclusion seen rising to 70%
Christopher Jimu June 19, 2018 0 Comments
Government is targeting over 70 percent of Malawians accessing financial services by 2021 from the current 34 percent.

This is according to the recent Financial Sector Development Strategy II which produced by the Ministry of Finance, Economic Planning and Development.

Catholics join calls for Goodall, Nankhumwa to resign | Malawi 24 - All the latest Malawi news

Catholics join calls for Goodall, Nankhumwa to resign | Malawi 24 - All the latest Malawi news: "Calls for Minister of Finance Goodall Gondwe and Minister of Local Government Kondwani Nankhumwa to resign are growing louder.

The Catholic Commission for Justice and Peace, (CCJP) has added its voice to the calls for the two to resign or be fired by President Peter Mutharika."



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Banks’ liquidity declines | The Times Group

Banks’ liquidity declines | The Times Group:

Banks' liquidity declines 
 Posted By: William Kumwembe on: February 08, 2018 In: Business No Comments 
 Liquidity levels in commercial banks decreased in January 2018 to K5.89 billion per day from 
 K6.43 billion in December 2017, according to figures compiled by Nico Asset Managers. 
 This means that, in the month under review, some commercial banks might have struggled with 
 funds to lend out to customers. 
 And market analysts feel a continued drop in liquidity levels in the near future would pose a threat 
 to interest rates. 
 A report from Nico Asset Managers shows that interbank borrowing, which is borrowing between 
 commercial banks, averaged K9.24 billion per day in January 2018 at an average rate of 14.95 
 percent. 





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New survey to assess financial literacy levels | The Times Group

New survey to assess financial literacy levels | The Times Group:



New survey to assess financial literacy levels

Posted By: Taonga Sabola on: January 30, 2018 In: Business No Comments

The Reserve Bank of Malawi (RBM) has embarked on a survey to establish levels of financial

literacy in the country.

A statement from RBM indicates that the survey follows a similar exercise conducted in 2014.

RBM said the survey aims to assess the impact of various financial literacy initiatives employed

over the past couple of years.

RBM, through the Financial Sector Technical Assistance Project, has overthe past years

enhanced efforts to increase financial literacy among Malawians





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Mid-year budget review starts Feb 5 | Malawi 24 - All the latest Malawi news

Mid-year budget review starts Feb 5 | Malawi 24 - All the latest Malawi news:







BY MALAW124 REPORTER ON JAN 25, 2018

Members of Parliament will meet for the Mid-year Budget Review starting on February 5.

According to a statement on Malawi Government Facebook page, the meeting will give parliamentarians an  opportunity to review the mid-year performance of the approved 2017/18 financial year budget and debate  and adopt changes.


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Treasury bill yields drop to 15.3% - The Nation Online

Treasury bill yields drop to 15.3% - The Nation Online:

Treasury bill yields drop to 15.3% 

Grace Mkwapata @ November 24, 2017 o Comments 
Treasury bill (T bills) rates one of the determinants of commercial bank interest rates fell on all tenors in 
September compared to the previous month, according to the Reserve Bank of Malawi (RBM). 

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Malawi Stock Exchange welcomes new entrant | The Times Group

Malawi Stock Exchange welcomes new entrant | The Times Group:

The Malawi Stock Exchange (MSE) on Monday registered a new entrant following the listing of

Mauritius registered FMB Capital Holdings (FMBCH).

The development has brought the number of listed companies on the local bourse to 14.

Over the past couple of weeks, FMB shareholders were invited to swap their shares in the bank in

exchange with shares in the Mauritius-based holding company.

FMBCH Chairman, Hitesh Anadkat, said Mauritius provides a better platform to raise capital than

Malawi.


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NBS Bank K7bn bond to finance road construction - The Nation Online

NBS Bank K7bn bond to finance road construction - The Nation Online:

NBS Bank plc has issued a K7 billion Roads Bond Facility with the Roads Fund Administration 

(RFA) to finance the rehabilitation and construction of a road in Lilongwe. 

The bond—a debt investment in which an investor loans money to an entity has been issued 

by the Malawi Stock Exchange (MSE) listed bank in collaboration with its sister company, 

Nico Asset Managers. 

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Malawi govt offers incetive regime for investors, 10-year tax holiday, duty free – Minister Mussa | Malawi Nyasa Times - Malawi breaking news in Malawi

Malawi govt offers incetive regime for investors, 10-year tax holiday, duty free – Minister Mussa | Malawi Nyasa Times - Malawi breaking news in Malawi: "Investors coming to Malawi can find a favourable incentive regime that includes tax holiday for 10 years and extra breaks virtually allowing them to open factories without additional costs, Industry, Trade and Tourism Minister Henry Mussa."



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RBM to maintain falling inflation, kwacha stability - The Nation Online

RBM to maintain falling inflation, kwacha stability - The Nation Online:





The Reserve Bank of Malawi (RBM) has vowed to continue with the tight monetary policy to

maintain the trajectory taken by inflation and the kwacha over the past 12 months.

In an interview on Friday in Mangochi, RBM Governor Dalitso Kabambe said what is critical

now is to grow the economy and grow it fast. RBM has projected a real gross domestic product

growth (GDP) growth rate of about five percent this year, which the governor said is

attainable.



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National Bank Of Malawi Making Billions

National Bank Of Malawi Making Billions: "One of the country’s high street banks, National Bank of Malawi, is boasting of a MK14.4 Billion pre-tax profit in the first half of the year.

In an unaudited financial statement for the first six months of 2017, the company reveals it has made the said profit which is an improvement to what was made during the same period in 2016.

During the first half of 2016 the bank post an MK11.8 Billion profit before tax, representing a 22 percent growth in its profits."



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Malawi Stock Exchange thinks positive | The Times Group

Malawi Stock Exchange thinks positive | The Times Group: "Malawi Stock Exchange thinks positive
Posted By: William Kumwembeon: August 10, 2017In: BusinessNo Comments
Expectations are high that the Malawi Stock Exchange (MSE) will continue on a bullish run on the basis of the recent downward revision of the policy rate by the Reserve Bank of Malawi (RBM) coupled with improved performance of the most listed companies during the first six months, according to market experts.

Commentators are of the view that the recent policy rate cut from 22 percent to 18 percent has resulted in shifting of investor attention from the money market to the stock market.

Further, with most listed companies reporting positive strides in the first half of the year, they say, it may entice most investors into the capital market, thereby increasing demand."



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Challenges facing Malawi Stock Exchange | The Times Group

Challenges facing Malawi Stock Exchange | The Times Group: "Challenges facing Malawi Stock Exchange
Posted By: Taonga Sabolaon: August 02, 2017In: BusinessNo Comments
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says there are a number of reasons why local firms are failing to access cheap capital through listing on the Malawi Stock Exchange (MSE).

The development comes at a time when the local stock market, which has 13 listed companies, has not seen any new listings since 2008."



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Minister optimistic on new IMF programme | The Times Group

Minister optimistic on new IMF programme | The Times Group: "Finance Minister Goodall Gondwe says the Malawi Government is considering striking a new deal with the International Monetary Fund (IMF) as the country draws near to the completion of the IMF’s Extended Credit Facility programme.

The current ECF programme expires on June 30. The EFC, approved in July 2012 is the IMF’s main tool for medium-term financial support to low-income countries like Malawi."



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IMF Approves $26.9 Million For Malawi

IMF Approves $26.9 Million For Malawi: "The International Monetary Fund (IMF) has approved the disbursement of $26.9 Million to Malawi under the Extended Credit Facility (ECF) programme.  The program is aimed at the achievement and maintenance of macroeconomic stability and implementation of policies and structural reforms to spur growth diversify the economy and reduce poverty. The approval follows the completion of the ninth and final review of Malawi’s economic performance under the ECF arrangement by the IMF Board."



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