Malawi | - Part 2

Reserve Bank of Malawi Keeps Policy Rate at 25% as Inflation Ease in April

LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 29 April 2015 to review recent global and domestic economic developments, and decided to maintain the Policy Rate at 25 percent and Liquidity Reserve Requirement (LRR) at 15.5 percent. The Malawi real GDP growth is estimated at 5.4 percent in 2015 from the previous projection of 5.8 percent. The downward revision has been necessitated by a contraction in…

Malawi takes key step to advance digital payments and drive inclusive growth

Posted on by The Editorial Team

LILONGWE, Malawi, April 30, 2015/ — Today, Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash Alliance (http://www.betterthancash.org) and Mobile Money for the Poor initiatives brought together digital payments players to accelerate the progress of digital finance in Malawi. The convening also marks the release…

African Market Watch: Thurs, 16th April 2015

Posted on by The Editorial Team

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 271.78 to 273.94 points, a gain of 0.79%. BRVM Composite index gained 0.51% to 263.17 against 261.83 points previously. The equity market capitalization was recorded at XOF 6,492.71 billion. Likewise, the traded value was recorded at XOF…

African Market Watch: Monday, 13th April 2015

Posted on by The Editorial Team

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 266.59 to 268.45 points, a gain of 0.70%. BRVM Composite index gained 0.56% to 258.63 against 257.18 points previously. The equity market capitalization was recorded at XOF 6,381.82 billion. Likewise, the traded value was recorded at XOF…

African Market Watch: Friday, 10th April 2015

Posted on by The Editorial Team

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, lower than the previous day for both BRVM 10 index and BRVM Composite. The BRVM 10 index fell from 268.21pts to 266.59pts, a drop of 0.63%. The BRVM Composite index decreased by 0.46% to 257.18pts against 258.38pts previously. The equity market capitalization was recorded at XOF 6,345.97 billion. Likewise, the traded value was recorded at…

African Market Watch: Thurs, 9th April 2015

Posted on by The Editorial Team

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, lower than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index fell from 269.11pts to 268.21pts, a drop of 0.33%. BRVM Composite index decreased by 0.62% to 258.38pts against 259.98pts previously. The equity market capitalization was recorded at XOF 6,375.58 billion. Likewise, the traded value was recorded at XOF 248.091…

African Market Watch: Wed, 8th April 2015

Posted on by The Editorial Team

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for BRVM 10 index, and lower for BRVM Composite. BRVM 10 index rose from 269.02pts to 269.11pts, a gain of 0.03%. BRVM Composite index lost 0.79% to 259.98pts against 262.04pts previously. The equity market capitalization was recorded at XOF 6,415.10 billion. Likewise, the traded value was recorded at XOF 462.256…

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