Number of bank accounts in Malawi up 64 % in six months – governor Kabambe


The number of bank accounts in Malawi has surged by 64% so far this year, the governor of the central bank announced on August 24.

According to Dalitso Kabambe, the number of bank accounts increased from 1.3 million in January to 2.13 million at the end of June. “This implies that more people are now banked,” Kabambe said.

The increase in account numbers comes at a time the Reserve Bank of Malawi is pushing banks to invest in digital financial services.

Kabambe said more than 102 billion

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: