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Malawi state of forex reserves remains sloppy

The Malawi central bank, Reserve Bank of Malawi (RBM), has in its weekly financial brief indicated that official foreign exchange reserves it has continued to decline, a development that means the country could be headed towards a forex crisis. According to the bank, the forex reserves declined to US$471.1 million which translates to just 1.88 […] ....

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Mwanamveka denies involvement in Reserve Bank misrepresentation fiasco

Former Minister of Finance under the Democratic Progressive Party (DPP) government Joseph Mwanamveka had distanced himself from the misrepresentation fiasco at the Reserve Bank of Malawi saying he was not Minister of Finance during the period under concern. Mwanamveka further exonerated himself by adding that the matter appear to arise from normal dealings between Reserve […] ....

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Malawi risks refunding K50bn to IMF for DPP Govt's financial dishonesty

Malawian people are on the verge of paying back huge sums of money to an international lending organisation for fabricating figures and lying on economic situation and now it is time to pay the price for the erstwhile regime. The ousted Democratic Progressive Party (DPP) has given Malawians yet another ‘middle finger’ and this time […] ....

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