Tobacco growers to be refunded tax deductions

  Ministry of Agriculture, Irrigation and Water Development has assured smallholder tobacco farmers who were deducted withholding tax that they will be reimbursed their money. During the opening of  Tobacco Marketing Season in Lilongwe in April, President Peter Mutharika directed that small-scale tobacco  growers whose leaf volumes are below 1 200 kilogrammes (kg) should not…

Institute faults Fisp

  International Food Policy Research Institute (Ifpri) has faulted huge investments in Farm Input Subsidy Programme (Fisp), arguing it has discouraged diversification into higher-value or more nutritious crops. Ifpri, an international agriculture research think-tank, says when government promotes specific crops such as maize, distortionary incentives and the generation of crop-specific technologies can hinder the diversification…

Nkhoma Synod, MCP hit at Kamuzu critics

  Nkhoma Synod of the Church of Central Africa Presbyterian (CCAP) and Malawi Congress Party (MCP) have hailed the country’s founding president Hastings Kamuzu Banda’s contribution and branded his critics as failures. In his address during Kamuzu Day memorial service at Kasungu CCAP organised by Kamuzu’s family, Nkhoma Synod moderator the Reverend Biswick Nkhoma said…

MEC positive on resolving hitches

  Malawi Electoral Commission (MEC) chairperson Jane Ansah says she is confident the electoral body will clear all logistical hitches before polling day on May 21 because government and development partners have moved in. Briefing journalists in Lilongwe yesterday, the MEC chairperson, who is also a judge of the Malawi Supreme Court of Appeal, said…

Nigeria provides disaster aid

  Nigeria has donated 30 metric tonnes of medical supplies and equipment and $500 000 (about K3.6 million) to aid survivors of the recent floods. Nigerian Minister of Foreign Affairs Geoffrey Onyeama made the announcement yesterday at Kamuzu International Airport (KIA) in Lilongwe where he made a symbolic handover of the donation to Minister of…

Malawi to earn K110bn  from graphite mine

Treasury is set to earn $150 million (about K110 billion) tax revenue once mining at Sovereign Metals Limited-owned Malingunde Graphite Mine in Lilongwe starts, a report has indicated. The draft Environmental Social Impact Assessment (Esia) Report shows that the project will generate revenue in the form of taxes and royalties. “Estimated tax payable over the…

AfDB dangles K2.5bn for SMEs

The African Development Bank (AfDB) has identified Malawi and other seven African nations to benefit from the $3.3 million (about K2.5 billion) Agriculture Fast Track Fund (AFT) to support Small and Medium Enterprises (SMEs) in the agriculture sector. The funding is expected to carter for 17 new SMEs in the agriculture sector as part of…

Small businesses to benefit from AfDB fund

National Small and Medium Enterprises (Nasme) national director William Mwale has welcomed financial help amounting to $3.3 million (about K2.5 billion) from the African Development Bank (AfDB), commending the bank for supporting small businesses. He said: “AfDB knows that this is the sector that really needs support because we cannot embark on manufacturing without raw…

Britain for free, fair elections

The British Government has urged Malawi to conduct free, fair and credible elections whose results will reflect the will of the people. British High Commission charge d’affaires Gary Leslie said this on Monday in Lilongwe during the 70th anniversary of the Commonwealth. He said: “We are looking forward to see Malawi conducting free, fair and…

SMEs lobby for establishment of council

Small and medium enterprises (SMEs) in the country are lobbying for the establishment of an SMEs council that will be mandated to oversee the sector’s development to spur national economic growth. National Small and Medium Enterprises (Nasme) coordinator William Mwale said in an interview that as government is crafting the SMEs Bill, one of the…

APM campaigns on  continuity platform

Incumbent President Peter Mutharika yesterday went on a campaign trail ahead of the May 21 2019 Tripartite Elections on a continuity platform, urging voters to retain his Democratic Progressive Party (DPP) for continued development. The President spoke during whistle-stop rallies he addressed at Kapiri Trading Centre, Mikundi Trading Centre, Mchinji Boma and Tembwe Trading Centre…

Annual aflatoxin losses pegged at K64bn

Malawi is annually losing K64 billion in exports due to Aflatoxin contaminated groundnuts and maize, a development that the United States government has described as unacceptable for a country that want to move from a net importer to exporter. Aflatoxins are naturally occurring toxic compounds produced by fungi which affect crops growing in the field…