MRA touts its export initiatives

Malawi Revenue Authority (MRA) says it has various initiatives that exporters can benefit from which are in tandem with government’s overall objective of turning into an exporting country. In an interview, MRA head of corporate affairs Steven Kapoloma said to ensure that sustained and effective services are provided to the exports sector, the tax collecting…

NAO raises eyebrows

The National Audit Office (NAO) is splashing millions renovating its headquarters in Lilongwe that experts three years ago condemned as unfit for human use and recommended that it should be vacated and demolished. The move to renovate the offices has alarmed a Lilongwe City Council (LCC) buildings expert, who says a condemned structure cannot be…

Maliro pa chisangalalo

Mwambo wa chikondwerero choti dziko lino latha zaka 53 lili pa ufulu wodzilamurira lidasanduka chisoni pomwe ana 7 ndi bambo mmodzi adamwalira pokanganirana kulowa m’bwalo la za masewero la Bingu National Stadium kumene kumayenera kuchitika mpira waulere. Izi zidadziwika pomwe mtsogoleri wa dziko lino adatsogolera Amalawi pa mapemphero wolingalira za ufuluwo ku Bingu International Convention…

ACB arrest former Roads Authority CEO

The Anti-Corruption Bureau (ACB)has arrested former Roads Authority (RA)chief executive officer (CEO) Trevor Hiwa for abuse of office. Hiwa’s arrest follows investigations instituted by the ACB which established that Hiwa recommended Infracon Limited Hiwa’s company to be awarded the World Bank contract worth $303,823 for the design and supervision of various roads constructions in the…

The budget framework

The 2017/18 National Budget presented in Parliament yesterday has been formulated within the backdrop of a rebounding economy and an improving macroeconomic environment. Total expenditure and net lending is estimated at K1 299.4 billion or about 26.2 percent of gross domestic product (GDP) comprising K946.6 billion or about 19.1 percent of GDP while recurrent expenditure…

Climate change action is good for African economies

Investing in effective management of environment assets is critical to reducing poverty and hunger and spur inclusive growth on the continent, director of special initiatives division at the Economic Commission for Africa (ECA) Fatima Denton, has said. Denton said this on the eve of the 2017 Africa Regional Forum on Sustainable Development which kicked off…

Road to Miss Malawi: Know the finalists

Nthanda Lizzie Manduwi Aged 21, Nthanda Lizzie Manduwi holds a degree in Social Sciences (double majoring in economics and demography) from the University of Malawi, Chancellor College. She also holds certificates in Population Project Planning, Monitoring and Evaluation (obtained from the University of Malawi) and Business Management.   On the entrepreneurship front, Nthanda is the…

No-one runs or rushes in Malawi

A 19-year-old Fairlie woman spent six months teaching at a school in Malawi earlier this year and was amazed by the difference in day-to-day life. Estelle Arundell spoke about the extreme differences between life in New Zealand and Malawi at an assembly at her former school, Craighead Diocesan School, New Zealand. “Here, everything’s so accessible…

Winning big with savings and investments

When her husband abandoned her and her four-year-old baby in 2010, Bertha Khumula was left with two choices. Give up on life or do something to provide for her daughter. “I had nowhere to start from because during my marriage life, I depended on my then husband. Life was really tough for us to the…

Breaking News: APM fires Chaponda

President Peter Mutharika has fired Agriculture Minister George Chaponda on the back of investigations into the purchase of maize as well as a search and seizure exercise that the Anti-Corruption Bureau (ACB) carried out yesterday. Among other things, the ACB seized more than K160 million in cash of local and foreign currencies at Chaponda’s house…

Gaba, Ng’ambi’s teams progress in CAF tourneys

Flames duo Frank ‘Gabadinho’ Mhango and Robert Ng’ambi played full games as their teams progressed to the first round of CAF tournaments on Saturday. Gabadinho’s Bidvest Wits managed to turn their CAF Champions League first-round tie around as they earned a 3-1 win over Saint Louisienne of Reunion to progress 4-3 on aggregate. Wits entered…

Warehouse receipt financing in the offing

Legumes farmers and traders have an opportunity to access loans from commercial banks through the warehouse receipt financing facility through AHL Commodities Exchange (AHCX). In finance, warehouse financing is a form of inventory financing in which loans are extended to producers or farmers on the basis of goods or commodities held in trust as collateral…

Standard Bank remains resilient, wins global award

United Kingdom (UK)-based The Banker Magazine, the world’s longest running international banking title, has hailed Standard Bank Malawi for being resilient and growing its capital and assets in a difficult macro-economic environment. This feat has culminated into the Malawi Stock Exchange (MSE)-listed bank being named Bank of the Year 2016 for Malawi. In its citation,…

‘Actions, not words, will change Africa’

Israeli-born member of Parliament David Bisnowaty was one of the latest defectors to the ruling Democratic Progressive Party (DPP). In September, he travelled to New York for the United Nations General Assembly where President Peter Mutharika came under fire for overstaying his welcome without explaining what he was doing. While in the US, Bisnowaty caught…