By Rahim Abdul
The Reserve Bank of Malawi (RBM) has announced the suspension of all major procurement activities with immediate effect, pending further notice.
According to a statement released by the Chairperson of the Internal Procurement and Disposal Committee, the directive affects all new tenders, Requests for Proposals (RFPs), and contract negotiations currently in progress.
The suspension also includes any ongoing procurement processes related to the supply of goods, provision of services, and execution of works within the central bank.
In a brief communication posted on the bank’s official Facebook page, RBM stated that the move is temporary but did not disclose the reasons behind the decision.
The central bank has assured stakeholders that a formal announcement will be made once procurement operations are allowed to resume.
Industry observers say the suspension could affect several planned projects and service contracts linked to the institution in the short term.
Some analysts believe the move may be part of a broader internal review process aimed at improving transparency and efficiency in the bank’s procurement system.
The announcement has sparked public interest, with many awaiting further clarification from RBM officials on when procurement activities will recommence.
