Business

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Levy suspension cripples local tourism industry

Levy suspension cripples local tourism industry

The Ministry of Tourism, Wildlife and Culture has decried suspension of the tourism levy last year due to Covid-19, saying…
Cooking oil manufacturers insist VAT pushed up price

Cooking oil manufacturers insist VAT pushed up price

Edible Cooking Oil Association of Malawi (Ecoam) has insisted that the 16.5 percent value added tax (VAT) levied on the…
Nico Holdings diversifies portfolio, sets up new firm

Nico Holdings diversifies portfolio, sets up new firm

Nico Holdings plc, a Malawi Stock Exchange (MSE)-listed financial services group, has established a new company Nico Capital Limited to…
External debt service soars

External debt service soars

Malawi’s external debt service has soared significantly in the past decade; a situation analysts fear is costing the country a…
Investors shift to long term instruments

Investors shift to long term instruments

Appetite for long term instruments is fast picking evidenced by Reserve Bank of Malawi (RBM) data which shows Treasury bills…
Growers protest Low tobacco prices

Growers protest Low tobacco prices

Tobacco growers have protested poor prices buyers are offering and have asked the Ministry of Agriculture to engage buyers to…
MCCCI calls for tax policy review

MCCCI calls for tax policy review

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called for review of the tax policy and reduce…
Tobacco indeed a dying industry, but

Tobacco indeed a dying industry, but

During the official opening of the 2021 Tobacco Marketing Season in Lilongwe on Tuesday this week, President Lazarus Chakwera made…
Tough q1 for consumers

Tough q1 for consumers

Rising food prices continued to push up inflation rate in the first quarter (Q1) (January to March), figures from the…
Milk producers decry 3% withholding tax

Milk producers decry 3% withholding tax

Milk Producers Association of Malawi has asked Treasury to scrap off the three percent withholding tax on milk at the…
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