The Reserve Bank of Malawi has introduced new foreign exchange guidelines aimed at enforcing compliance and discipline among forex bureaus, according to Nation Online. Under the revised framework, forex bureaus are required to renew their operating licenses every two years and are strictly prohibited from engaging in any activities other than spot transactions. Reserve Bank of Malawi spokesperson Boston Maliketi Banda stated that the new rules align with the Foreign Exchange Act of 2025 and feature increased minimum capital requirements to ensure a stable and transparent currency market.
Meanwhile, the Anti-Corruption Bureau has faced a legal setback regarding frozen business assets. Nyasa Times reports that Senior Resident Magistrate Shukurani Kumbani dismissed an application by the Anti-Corruption Bureau to extend a freeze on bank accounts containing over K35 billion. The funds belong to officials of Yusuf Investment, the former owners of Amaryllis Hotel. The court ruled that the bureau failed to provide adequate updates on its investigation or sufficient justification to continue withholding the funds.