Treasury has given the Reserve Bank of Malawi (RBM) a K600 billion bailout following a K539 billion loss the central bank made in the 2023/24 financial year due to foreign exchange rate losses. RBM spokesperson Mark Lungu spokesperson confirmed the recapitalisation, saying it was implemented to stabilise the central bank. He said: “It is in
Minister Tembo Defends Appointment of Bisnowaty as Charge D'Affaires to Israel malawivoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malawivoice.com Daily Mail and Mail on Sunday newspapers.
Two months after Minister of Finance and Economic Affairs Simplex Chithyola Banda announced new income tax measures, the new taxes are yet to be gazetted, meaning they will be implemented at a later date. The delay means employees will not immediately enjoy the increase in the zero-rated tax bracket from K100 000 to K150 000
Chakwera arrives in Nairobi for IDA12 Summit malawivoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malawivoice.com Daily Mail and Mail on Sunday newspapers.
European Union (EU) Ambassador Rune Skinnebach says Malawi’ economy is under pressure amid lack of resilience and limited fiscal space. Speaking on the sidelines of a media engagement with members of the Blantyre Press Club on Tuesday, he said lack of resilience in Malawi comes because of poverty, with mandatory expenditures, at 94 percent, eating