Category: News

* Congratulates Chakwera on the management of regulatory state-owned enterprises (SOEs) and statutory parastatals, saying migrating their bank accounts to the RBM was well overdue * Recommends a specialised account management team division with dedicated staff in RBM to monitor expenditure patterns of the SOEs * With a quarterly review committee process initiated to monitor expenditure patterns By Duncan Mlanjira President Lazarus Chakwera State of the Nation Address (SONA) that was made in Parliament yesterday was “well-presented and detailed, dealing…

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* I will continue with this migration policy to include fully sub-vented organizations and commercial SOEs * President Lazarus Chakwera said this in his State of the Nation Address (SONA) in Parliament today By Duncan Mlanjira As part of economic reforms President Lazarus Chakwera’s administration embarked on a wholesale review of regulatory state-owned enterprises (SOEs) and statutory parastatals to ensure that those that are productive and profitable are made more efficient and those that just consume and make losses…

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* The history of Lombard rate originated from a region in Italy where most banks were headquartered * And because of that, the Central Bank in Italy decided to call the rate to the commercial banks based in the Lombardy region * We need to decolonise the models in Malawi which are based on the British system—Chifipa Mhango By Duncan Mlanjira Some policies of the colonial times have not been reviewed since independence, including the term, Lombard rate that…

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* This will help make Malawi an attractive tourism destination and boost foreign currency flows in the long-term * The restrictions have been lifted for 48 countries including USA, United Kingdom, Germany, France, Australia, China and Russia * Which are considered key source markets for international tourism and business arrivals into Malawi By Duncan Mlanjira Following Malawi Government’s decision to heed calls for removal of Visa restrictions into Malawi, Standard Bank Plc Chief Executive, Phillip Madinga says this will…

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