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

PRESS RELEASE FROM THE REGISTRAR OF FINANCIAL INSTITUTIONS ON THE IMPLEMENTATION OF INSURANCE ACT 2024 (ACT NO. 6 OF 202...
29/05/2026

PRESS RELEASE FROM THE REGISTRAR OF FINANCIAL INSTITUTIONS ON THE IMPLEMENTATION OF INSURANCE ACT 2024 (ACT NO. 6 OF 2025)

RBM Governor Supports Improved Liquidity Support for AfricaThe Governor of the Reserve Bank of Malawi Dr. George Partrid...
29/05/2026

RBM Governor Supports Improved Liquidity Support for Africa

The Governor of the Reserve Bank of Malawi Dr. George Partridge has called on African countries and development partners to collaborate in securing faster, fairer, and better-structured liquidity support for the continent.

Dr. Partridge made the call during a High-Level Panel discussion organized by Africa Economic Research Consortium, Climate Vulnerable Forum, and partners on the sidelines of the African Development Bank Annual Meetings in Brazzaville, Republic of Congo. He noted that timely access to finance is critical for resilience and sustainable growth.

He highlighted that in Malawi, climate change is not just an environmental challenge but is also a financial sector and economic growth issue. “Climate shocks are a threat to the financial sector asset quality, inflation stability, and a strain on fiscal and external balances." He said.

It is in this light that the RBM is taking steps to strengthen resilience by promoting climate risk awareness in financial institutions, encouraging the integration of Environmental Social Governance (ESG) and climate considerations into governance and lending frameworks, strengthening macroprudential surveillance, and supporting the development of climate-resilient and inclusive financial solutions.

The sentiments were echoed by Bank of Zambia Deputy Governor Operations Dr. Francis Chipimo who noted that similar experience with climatic related shocks in Zambia and elsewhere have triggered new thinking on how central bank traditional mandate should be anchored to cushion the impact on financial sector and the general economy.

As we continue promoting the values of TIPITE (Transparency, Integrity, Professionalism, Innovation, Teamwork, and Effic...
25/05/2026

As we continue promoting the values of TIPITE (Transparency, Integrity, Professionalism, Innovation, Teamwork, and Efficiency), the Reserve Bank of Malawi joins the entire African community in celebrating Africa Day, a moment to reflect on our shared heritage, unity, and collective aspirations for sustainable growth and prosperity across the continent.

RBM Calls for Strong Governance and Sustainable Practices to Grow Malawi’s EconomyThe Reserve Bank of Malawi (RBM) has c...
20/05/2026

RBM Calls for Strong Governance and Sustainable Practices to Grow Malawi’s Economy

The Reserve Bank of Malawi (RBM) has called for strengthened governance systems and the integration of sustainability principles in the built environment to support Malawi’s economic transformation agenda.

Delivering her keynote address at the Surveyors Institute of Malawi (SIM) Mid-Year Continuing Professional Development (CPD) conference in Lilongwe on 20th May 2026, RBM Executive Director for Corporate Services, Mrs. Mercy Kumbatira, stressed that strong governance, transparency, and professional integrity among surveyors are critical in unlocking investment and fostering financial sector confidence.

Mrs. Kumbatira highlighted that reliable property valuations, transparent land management systems, and sound project costing are essential to anchor prudent lending decisions and reduce financial risks. “When governance is strong, capital flows, projects rise, and economies grow,” she noted.

She therefore concluded by calling on surveyors and related professionals to uphold high standards of ethics, quality, and accountability, noting that their work is pivotal in shaping Malawi’s economic future.

In his speech, the Minister of Lands and Urban Development, Honourable Chimwemwe Chipungu reaffirmed the government’s commitment to strengthening the land and built sector by proposing reforms, including new laws and regulatory bodies, to improve efficiency in land administration.

Surveyors Institute of Malawi Vice President, Mr. Emmanuel Thawani, said the institute is committed to promoting good governance and excellence in land and surveying. He also urged academic institutions to produce well-trained, highly professional surveyors.

15/05/2026
On this Kamuzu Day, the Reserve Bank of Malawi joins the nation in honouring Ngwazi Dr. Hastings Kamuzu Banda, whose vis...
14/05/2026

On this Kamuzu Day, the Reserve Bank of Malawi joins the nation in honouring Ngwazi Dr. Hastings Kamuzu Banda, whose vision and leadership laid the foundation of modern Malawi.

Notice of Intention to Award Contract for Management Services at the RBM Sports Complex
13/05/2026

Notice of Intention to Award Contract for Management Services at the RBM Sports Complex

As we continue to uphold the principles of TIPITE (Transparency, Integrity, Professionalism, Innovation, Teamwork, and E...
01/05/2026

As we continue to uphold the principles of TIPITE (Transparency, Integrity, Professionalism, Innovation, Teamwork, and Efficiency) we extend our warm wishes to you for a Happy Labour Day.

A Summary of the Second Monetary Policy Committee Statement, April 2026
30/04/2026

A Summary of the Second Monetary Policy Committee Statement, April 2026

The Reserve Bank of Malawi (RBM) is pleased to invite the public to the Second Monetary Policy Technical Forum (MPTF).Th...
30/04/2026

The Reserve Bank of Malawi (RBM) is pleased to invite the public to the Second Monetary Policy Technical Forum (MPTF).

The objective of the forum is to provide a platform for the dissemination of the Monetary Policy Committee’s resolutions, as well as to facilitate discussion and engagement on the decisions taken.

Address

Convention Drive, City Center
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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