Nyasa Times
Leading cash transfer beneficiaries to independence
Cecelia Manjolo was in destitution alongside her children following the death of her husband in 2015 since he was the only breadwinner in the house. Life became unbearable and she scarcely had food or school fees for her children. “The death of my husband left a huge gap to the e...
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Nyasa Times
AGCOM project ‘game changer’ for Malawi’s economy, says Mutharika
President Peter Mutharika has described the Agricultural Commercialisation (AGCOM) Project as a tool that will transform Malawi’s economy and enable the country transform into a producing and exporting nation. The country’s Head of State was speaking Friday when he presided over...
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The Nation
Microfinance institutions credit growth up 53%
The Reserve Bank of Malawi (RBM) says microfinance institutions registered a 53 percent growth in the just-ended year as loans jumped from K32 billion at the beginning of last year to K49 billion by November 2019.
RBM spokesperson Mbane Ngwira in a written response on Monday, att...
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Nyasa Times
National Bank of Malawi clarifies on new fees and service charges 
National Bank of Malawi (NBM) has explained to its customers that the fees it is effecting are for the services which the bank offers as per its tariff schedule which it publishes in major newspapers, service centers and its social media channels. In a public notice NBM released,...
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The Nation
Commercial banks’ mixed fortunes in 2019
While the country’s business environment demonstrated sluggish
performance in 2019, commercial banks seemed to have performed well in terms of
profitability.
In the just-ended
year, the country continued to enjoy a stable macroeconomic environment
characterised by falling inflati...
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Malawi 24
Malawi economy showed resilience in 2019 – RBM
The Reserve Bank of Malawi (RBM) says Malawi’s economy demonstrated remarkable resilience throughout 2019 despite political uncertainty during the year. The central bank’s governor Dalitso Kabambe said this when commenting on the effects of last year’s political instability on th...
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Malawi 24
Former Malawi central bank boss appointed FDH MD
FDH Bank has appointed former Reserve Bank of Malawi Governor, Dr. Ellias Ngalande, as Managing Director. Ngalande’s appointment is effective 2 January, 2020. He replaces Ivorian Eric Ouattara who left FDH last year. In a statement on Thursday, the bank said the new Managing Dire...
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