Check updates of the daily Exchange and Interest rates provided by different financial institutions in Malawi here.
Malawi’s Reserve Bank Purchases 200 Kilograms of Gold Worth MK9.4 Billion
In a bid to boost the country’s foreign reserves, the Reserve Bank of Malawi (RBM) has reportedly purchased 200 kilograms…
Malawi’s President Vows to Review Mining Deals and Tackle Illegal Activities in the Sector
Malawi’s President Lazarus Chakwera has announced plans to review all poorly negotiated mining deals in the country to ensure that…
SHOCKING NEWS: FUEL DEMAND IN MALAWI SKYROCKETS TO 52 MILLION LITRES PER MONTH!
Malawi’s monthly fuel demand has jumped from 31-37 million litres in 2021 to 52 million litres per month due to the industry’s reliance on diesel. The Kapichira outage has exerted pressure on the country’s forex reserves and the industry has been subjected to expensive diesel for close to a year. The Malawi Confederation of Chambers of Commerce and Industry calls on the government to resolve the Kapichira outage and bring fuel prices under control.