RBM Orders Reversal of Amaryllis Hotel Purchase

Reserve Bank of Malawi wants hotel purchase reversed

By Isaac Salima: In a turn of events over the controversy-ridden sale of Amaryllis Hotel in Blantyre, the Reserve Bank of Malawi has ordered the Public Service Pension Trust Fund (PSPTF) to withdra…

RBM orders reversal of Amaryllis Hotel purchase

The Reserve Bank of Malawi (RBM) has ordered the Public Service Pension Trust Fund to immediately rescind the K128.75 billion purchase of Amaryllis Hotel, accusing the board of disobeying direct orders and breaching financial laws. In a letter dated February 20 2026, RBM Governor and Registrar of Financial Institutions George Partridge demanded that trustees explain within seven days why they should not face administrative penalties. “Please tak…

Registrar Orders PSPTF to Cancel Amaryllis Hotel Deal Within Seven Days

The Registrar of Financial Institutions has ordered trustees of the Public Service Pension Fund Trust PSPTF to rescind their controversial acquisition of the Amaryllis Hotel within seven days or face administrative penalties. In a letter dated February 20, 2026, Registrar George Partridge, who also serves as Governor of the Reserve Bank of Malawi RBM, demanded that the Board explain why penalties should not be imposed for allegedly defying regul…

Defied Directive, Breached Limits: Registrar Orders PSPTF to Reverse K128.75bn Amaryllis Deal in 7 Days - Malawi Nyasa Times - News from Malawi about Malawi

The Registrar of Financial Institutions has given trustees of the Public Service Pension Trust Fund (PSPTF) seven days to rescind the controversial acquisition of Amaryllis Hotel — or face administrative penalties for defying regulatory orders and breaching prudential limits. In a hard-hitting letter dated February 20, 2026, Registrar George Partridge accuses the Board of proceeding […] The post Defied Directive, Breached Limits: Registrar Order…