Following the recent reduction in the Liquidity Reserve Requirement (LRR) ratio to 7.5 from 15.5 % by the Central Bank, the New Finance Bank-NFB has adjusted accordingly by reducing its base lending rates so that customers can benefit from the development.

There is more bad news from the sole electricity supplier Electricity Supply Commission of Malawi (ESCOM) which has indicated that the recent blackouts have come to stay until rainy season.

Standard Bank in its drive towards the digital banking frontier has received a positive response with an additional 516 new customers registering for Internet Banking through Be Your Own Bank-Transact and Win” promotion.

Mobile telecommunications operator Airtel Malawi has come to the rescue of flood survivors with a donation of K7.2 million through the Malawi Red Cross Society.