Reserve Bank Of Malawi

Reserve Bank Of Malawi It replaced a branch of the Federal Bank of Rhodesia and Nyasaland founded to serve as a central bank of the Federation of Rhodesia and Nyasaland.
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The Reserve Bank of Malawi was established under an Act of Parliament in July 1964 (Chapter 44:02 Laws of Malawi) and started its operations in June, 1965 in Blantyre. Historical Background
The Reserve Bank of Malawi was established under an Act of Parliament in July 1964 (Chapter 44:02 Laws of Malawi) and started its operations in June, 1965 in Blantyre. The federation comprised Southern Rhodesia

(now Zimbabwe), Northern Rhodesia (now Zambia) and Nyasaland (now Malawi). At inception, the Bank had total assets amounting to K15.96 million with foreign assets amounting to K15.2 million an equivalent of £8.8 million, representing 18.1 percent of the federal currency which was redeemed in Malawi. By 1981, the year its head office moved to Lilongwe, the Reserve Bank of Malawi had expanded its operations when total assets increased to K230.7 million with foreign assets amounting to K43.9 million. In April, 1989, the Reserve Bank of Malawi (RBM) Act was revised stipulating the Bank's principal functions which are in the interest of the national economy and are in line with the economic policies of the government. Before the revision of the Act, the Reserve Bank of Malawi reported to the Treasury. The 1989 RBM Act, however, made the Reserve Bank of Malawi independent from government under section 4. With this independence, the Reserve Bank of Malawi has the full mandate to conduct monetary policy whereas fiscal policy issues are the mandate of the Ministry of Finance. The Reserve Bank of Malawi therefore has to ensure that fiscal developments are consistent with monetary developments. In 1990, the Reserve Bank of Malawi clocked 25 years of its operations with total assets amounting to K1.03 billion and foreign assets accounting for K324.5 million. By the close of 1998, total assets of the Bank registered a high of K18.8 billion with foreign assets amounting to K11.3 billion. The operations of the Bank have therefore expanded during the years more especially with the growth of the financial sector. This necessitated the building of a new and spacious branch office in Blantyre which was officially opened in November, 1998. During its time of operation to date, the Bank has had the following Governor's, namely:

Dr. Wilson T. Banda July 2020-Present
Dr. Dalitso Kabambe 2017-July 2020
Charles Chuka 2012-2017
Dr. Perks Ligoya 2009-2012
Victor Mbewe 2005-2009
Dr. E.E. Ngalande 2000-2005
Dr. M.A.P. Chikaonda 1995-2000
F.Z. Pelekamoyo 1992-1995
Hans Joachim Lesshafft 1988-1992
S.C. Hara 1986-1988
L.C. Chaziya 1984-1986
J.Z.U. Tembo 1971-1984
D.E. Thomson 1968-1971
A.G. Perrin 1968

MISSION AND VISION
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MISSION
To maintain price and financial stability through formulation and implementation of sound monetary and macro-prudential policies

VISION
To be a central bank of excellence that promotes macroeconomic stability for sustainable economic development in Malawi

CORE VALUES
>Transparency
>Integrity
>Professionalism
>Innovation
>Team Work
>Efficiency
"TIPITE" - We will forge ahead and others will follow voluntarily

31/08/2026

THINKING OF OBTAINING A LOAN?

WELL, THIS MESSAGE IS FOR YOU!

31/08/2026

KODI MUKULINGALIRA ZOTENGA NGONGOLE KU MABUNGWE A ZACHUMA?

UTHENGA UWU NDI WOFUNIKA KWAMBIRI KWA INU!

RBM GOVERNOR CALLS FOR RESPONSIBLE LENDING AS OLD MUTUAL FINANCE LAUNCHES Reserve Bank of Malawi (RBM) Governor Dr Georg...
29/08/2026

RBM GOVERNOR CALLS FOR RESPONSIBLE LENDING AS OLD MUTUAL FINANCE LAUNCHES

Reserve Bank of Malawi (RBM) Governor Dr George Partridge has called on financial institutions to embrace responsible lending practices and provide customers with clear, accurate, and easy-to-understand information about financial products.

Speaking on 28 August, 2026 in Lilongwe during the launch of Old Mutual Finance Limited (OMFIN), Dr Partridge emphasized that financial services should improve people's lives rather than place them under financial strain. He stressed the importance of transparency in areas such as pricing, fees, repayment obligations, and the terms and conditions attached to financial products.

The Governor also urged financial institutions to regard compliance with laws and regulations as a cornerstone of trust, stability, and sustainable growth.

“Institutions that operate transparently, treat customers fairly, and comply with applicable laws and regulations are better positioned to earn the confidence of customers, investors, business partners, and the public,” he said.

Dr Partridge described OMFIN, a non-deposit taking microfinance institution within the Old Mutual Group, as a significant investment in Malawi’s financial sector and a reflection of continued confidence in the country’s financial services industry. He noted that the institution’s strong focus on digital lending and financial inclusion positions it to play a key role in expanding access to affordable, appropriate, and convenient financial services.

Speaking at the same event, Old Mutual Group Board Chairperson, Mr Nkondola Uka, said the launch demonstrates the company’s commitment to innovation, customer-centricity, and financial inclusion. He explained that, while Old Mutual has built a strong reputation in insurance, investments, and savings, the Group is now broadening its product offering to include responsible and accessible credit solutions that respond to the evolving needs of customers.

The development was also welcomed by the Malawi Microfinance Network (MAMN). Executive Director Mr Duncan Phulusa described the establishment of OMFIN as a positive step towards widening access to credit, particularly for retirees. He further commended the RBM for maintaining a supportive regulatory environment that continues to encourage growth in the microfinance sector.

The launch of OMFIN marks another milestone in efforts to deepen financial inclusion and strengthen access to credit in Malawi while promoting responsible lending and customer protection.

Congratulations to Silver Strikers Ladies on your emphatic victory in the CAF Women's Champions League!Your hard work, d...
21/08/2026

Congratulations to Silver Strikers Ladies on your emphatic victory in the CAF Women's Champions League!

Your hard work, determination, and teamwork have paid off.

Wishing you continued success as you represent the club and inspire football fans across the nation.

KEEP SHINING AND MAKING US PROUD!

RBM REINFORCES COMMITMENT TO INVESTOR CONFIDENCE AND INDUSTRIAL GROWTHThe Reserve Bank of Malawi (RBM) has reaffirmed it...
21/08/2026

RBM REINFORCES COMMITMENT TO INVESTOR CONFIDENCE AND INDUSTRIAL GROWTH

The Reserve Bank of Malawi (RBM) has reaffirmed its responsibility to build trust and confidence among investors, creating an environment where long-term business decisions can be made with certainty.

Speaking in Mangochi on Friday, 21 August 2026, at the Annual Bankers Conference held under the theme “Industrializing Malawi as a Catalyst for Economic Renewal”, RBM Governor Dr. George Partridge stressed that confidence is not built overnight; it requires policy consistency, sound management, and strong institutions.

As Malawi pursues industrialization under the Malawi 2063 vision, Dr. Partridge emphasized that the financial sector must evolve alongside regulation. He pledged that the Bank will continue reviewing laws and guidelines to support innovation, protect consumers, and strengthen financial stability. Current reforms include amendments to the Banking Act and other financial sector laws, as well as ongoing reviews of NGO and diaspora financing guidelines.

The Governor further highlighted the need for banks to collaborate in bridging financing gaps to support industrialization. He noted that RBM remains committed to maintaining monetary stability, modernizing payment systems, and integrating climate-related risks into supervision; measures aimed at safeguarding the financial system and promoting sustainable growth.

Bankers Association of Malawi (BAM) President, Mr. Philip Madinga, lauded the RBM for its ongoing regulatory reforms, noting that they are helping the banking sector better serve the country’s socio-economic needs. He urged commercial banks to work together to close financing gaps and support Malawi’s industrialization drive. Mr. Madinga further emphasized the importance of continuous consultation to ensure that reforms remain aligned with national priorities.

Dr. Partridge concluded by urging all players in the financial sector to act not as impediments but as drivers of Malawi’s industrial future.

CONSUMER PRICE INDICES JULY 2026GOOD NEWS, BUT NOT VICTORY YET.The latest inflation figures bring some encouraging news....
17/08/2026

CONSUMER PRICE INDICES JULY 2026

GOOD NEWS, BUT NOT VICTORY YET.

The latest inflation figures bring some encouraging news.

Annual inflation has fallen to 20.8%, while food price inflation has continued to decline.

This means:
Food prices are rising more slowly than they were a year ago.

The overall pace of inflation is slowing.

Household budgets may experience some relief if the trend continues.

However:
Non-food items remain relatively higher.

Prices are still increasing, just not as fast as before.

12/08/2026

UTHENGA OFUNIKIRA KWA OLEMBA NTCHITO ANZAWO

Perekani ndalama zonse za penshoni munthawi yake, kuti mupewe:

Zilango za ndalama zokwana K100 miliyoni kapena kuposerapo;

Kuzengedwa milandu kukhoti;

Kutsekedwa kwa malo anu ochitira bizinesi;

Komanso zilango zina

NDALAMA ZA PENSHONI NDI UFULU WA ANTCHITO, OSATI NDALAMA ZA BIZINESI.

PEREKANI NDALAMA ZA PENSHONI ZONSE MUNTHAWI YAKE.

TETEZANI TSOGOLO LA ANTCHITO ANU.

RBM HAILS CONTINENTAL HOLDINGS PLC LISTING AS CAPITAL MARKET MILESTONE The Reserve Bank of Malawi (RBM) has welcomed the...
10/08/2026

RBM HAILS CONTINENTAL HOLDINGS PLC LISTING AS CAPITAL MARKET MILESTONE

The Reserve Bank of Malawi (RBM) has welcomed the successful listing of Continental Holdings Plc (CHL) on the Malawi Stock Exchange (MSE), describing it as a significant achievement for the country's financial sector and capital market development.

Speaking during the official listing ceremony on August 10, 2026, RBM Deputy Governor for Economics and Regulation Mr. Henry Mathanga said the transaction demonstrates the growing maturity of Malawi's financial markets and rising investor confidence in locally listed companies. He noted that the event reflects the positive impact of ongoing regulatory and market development efforts.

The Deputy Governor emphasized that the occasion goes beyond the listing of a single company, representing continued growth in Malawi's capital markets. He reaffirmed the RBM's commitment to promoting a safe, transparent, efficient, and inclusive financial system that supports innovation, improves access to capital, and safeguards investors.

He also called on financial institutions to strengthen collaboration with regulators in advancing financial inclusion and encouraging wider public participation in formal financial markets across the country.

Meanwhile, MSE Chief Executive Officer Mr. John Robson Kamanga said the listing reflects confidence in CHL's leadership and creates opportunities for ordinary Malawians to become shareholders. He added that strong capital markets are vital for attracting investment, supporting economic growth, promoting transparency and accountability, and creating shared prosperity for all.

ATTENTION ALL EMPLOYERS IN MALAWIThe Registrar of Financial Institutions has issued an important reminder to all employe...
10/08/2026

ATTENTION ALL EMPLOYERS IN MALAWI

The Registrar of Financial Institutions has issued an important reminder to all employers regarding compliance with the Pension Act, 2023.

Employers are required to:

Enroll eligible employees in the mandatory occupational pension scheme.

Remit pension contributions within 14 days after the end of each month.

Maintain a life insurance policy for every employee.

Recognize and transfer eligible severance due entitlements where applicable.

Failure to comply may result in significant financial penalties, enforcement actions, court proceedings, business closure, or criminal prosecution as provided under the law.

Employers are encouraged to review their compliance status and take immediate corrective action where necessary.

The Registrar remains committed to protecting employees' retirement benefits and ensuring adherence to pension regulations.

PLEASE READ THE ATTACHED NOTICE FOR FULL DETAILS.

A Summary of key economic indicators, policy decisions, and macroeconomic developments from RBM’s 3rd Monetary Policy Co...
06/08/2026

A Summary of key economic indicators, policy decisions, and macroeconomic developments from RBM’s 3rd Monetary Policy Committee’s Statement.

Address

P. O Box 30063, Lilongwe 3
Lilongwe
207216

Opening Hours

Monday 07:30 - 17:00
Tuesday 07:30 - 17:00
Wednesday 07:30 - 17:00
Thursday 07:30 - 17:00
Friday 07:30 - 17:00

Telephone

+2651770600

Website

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