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Bankers call for vat rate reduction

Bankers call for vat rate reduction

The Bankers Association of Malawi (BAM) has urged Treasury to reduce value added tax (VAT) rate from 16.5 percent to…
Malawi’s savings rate lowest, shows analysis

Malawi’s savings rate lowest, shows analysis

Malawi’s savings rate at  11 percent is one of the lowest in the world and below the Sadc region’s 25…
MCCCI wants tax incentives for manufacturing sector

MCCCI wants tax incentives for manufacturing sector

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has urged government to provide tax incentives to manufacturing firms that…
Icam urges govt to widen tax-free band

Icam urges govt to widen tax-free band

The Institute of Charted Accountants in Malawi (Icam) has asked government to consider increasing further the tax-free bracket for employees…
IMF increases borrowing quota, analysts cautious

IMF increases borrowing quota, analysts cautious

Malawi and other IMF member countries have an opportunity to boost their capacity to borrow more from the fund after…
Economists hail IMF ECF positive impact

Economists hail IMF ECF positive impact

The impact of the International Monetary (IMF) four-year Extended Credit Facility (ECF) is being felt through the outpouring of resources,…
Thousands of MSMEs get FInES support

Thousands of MSMEs get FInES support

At least 44 677 Micro Small and Medium Enterprises (MSMEs) have gotten financing support worth about $53.8 million (about K53.8…
Think-tank touts research for growth

Think-tank touts research for growth

Local think tank, the Mwapata Institute, has touted the power of systematic research to drive Malawi’s drive to diversify the…
Trade deficit hit $1.6 trillion in 2023

Trade deficit hit $1.6 trillion in 2023

The year 2023 closed with a trade deficit of about $1.6 billion (about K2.7 trillion) as the country’s export earning…
El Nino’s economic impact to be known in Feb—RBM

El Nino’s economic impact to be known in Feb—RBM

The Reserve Bank of Malawi (RBM) has allayed fears over potential economic fallout caused by El Nino, saying the real…
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