Rising borrowing costs threaten private sector
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has said rising lending rates may undermine private sector investment as businesses continue to grapple with high borrowing costs. MCCCI Director of Business Environment Lucky Mfungwe said this in a written response to the recent upward adjustment of commercial banks’ reference rate to 22.7 percent in November from 21.4 percent in October, despite the Reserve Bank of Malawi (RBM)’s decision to maintain the Policy Rate at 24 pe
AI summary
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has said rising lending rates may undermine private sector investment as businesses continue to grapple with high borrowing costs.
MCCCI Director of Business Environment Lucky Mfungwe said this in a written response to the recent upward adjustment of commercial banks’ reference rate to 22.7 percent in November from 21.4 percent in October, despite the Reserve Bank of Malawi (RBM)’s decision to maintain the Policy Rate at 24 percent.
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About this article
- Length
- 82 words · 1 min read
- Published
- November 9, 2026
- Byline
- Bernadetta Chiwanda Mia
- Source
- The Times Group