January 2, 2021
Nyasa Times Reporter 19 Comments
Malawi’s influential newspaper published on Saturday,
Weekend Nation, has used its editorial comment to add credence to experts suggested best practices to ring fence the Reserve Bank of Malawi (RBM) from abuse owing to its legal framework which provides that the central bank’s head, the governor, should also double as its board chairperson.
Kabambe: My K24m monthly salary was decided by the Board of RBM
The paper made the editorial comment in an extended coverage to the recent revelations of ‘abnormal remunerations’ at the RBM where the bank’s former governor Dalitso Kabambe’s salary is said to have more than tripled between 2017 and 2020, let alone the salaries for the bank’s directors also shot up exponentially during the same period.