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RBZ stuck with trillions

The Herald: "TRILLIONS of dollars in cash are lying idle at the Reserve Bank as most commercial banks and building societies are failing to collect the money owing to liquidity problems, amid fears that depositors’ money could have been diverted onto the stock market or foreign currency parallel market.

It emerged yesterday that the Reserve Bank was sitting on over $100 trillion in its vaults, which the banks were failing to collect as they did not have equivalent sums or sufficient collateral deposited with the central bank."

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Kate Kainja passes away

Nyasa Times "Minister of Women and Child Development Kate Kainja-Kaluluma has passed away in United Kingdom. “Indeed Hon Kate Kainja Kaluluma has died,” confirmed family friends in London. The 57-year-old minister was admitted to a North England hospital – York Hospital. Diplomatic sources at Malawi High Commission in London have said arrangements are being made to send her remains to Malawi. Kainja who was Dedza South West Constituency parliamentarian flew to United Kingdom for medical attention after a long-illness. She is survived by a husband, Emanuel Kaluluma and three children."