Luthando Holdings Ltd Says No Price Hike on Motorbikes Despite Malawi Kwacha Devaluation
Mr. Hendrix Laher, the Patriotic Managing Director of Luthando Holdings, has assured all their esteemed customers that despite the devaluation of the Malawi Kwacha, the company will not increase its prices. The Kwacha's devaluation, prompted by the Reserve Bank of Malawi's 44% exchange rate adjustment to authorized bureau dealers on forex, has resulted in the USD bank rate shifting from...
