Business

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Tobacco revenue down 18%, figures show

Tobacco revenue down 18%, figures show

Malawi has to date earned $131 million (about K96 billion) from tobacco in week 18 of sales, figures from Tobacco…
Indigenous businesses Lose out procurement

Indigenous businesses Lose out procurement

Minister of Trade Sosten Gwengwe says indigenous Malawians are not benefiting from public procurement despite available regulations for preferential treatment.…
Rab Group CEO gives govt hints on job creation

Rab Group CEO gives govt hints on job creation

Rab Group of Companies group chief executive officer Ahmed Sunka has asked government to address issues of high taxes, smuggling…
Malawi’s trade deficit improves in June

Malawi’s trade deficit improves in June

Malawi’s trade deficit-an amount by which the cost of a country’s imports exceeds its exports-slightly improved in June by 2.8…
Govt seeks affordable capital for SMEs

Govt seeks affordable capital for SMEs

In a bid to secure affordable financing for small and medium enterprises, the Ministry of Industry is engaging financial institutions…
When MGDS III fails mid-term exams

When MGDS III fails mid-term exams

The mid-term performance of the Malawi Growth and Development Strategy (MGDS III) is like a student who has failed mid-term…
Govt closes year With k429bn deficit

Govt closes year With k429bn deficit

Treasury has posted a K428.7 billion deficit in the 2019/20 financial year, published Reserve Bank of Malawi (RBM) figures showed…
Slow progress on 41MW power plant irks minister

Slow progress on 41MW power plant irks minister

Minister of Energy Newton Kambala has warned that government will  engage a new investor if work continues to stagnate at…
Businesses call for voluntary compliance window extension

Businesses call for voluntary compliance window extension

The private sector and a tax expert have called for the extension of voluntary compliance window (VCW) to allow businesses…
Pension tax irks workers

Pension tax irks workers

Malawi Congress of Trade Unions (MCTU) has decried the 16.5 percent value added tax (VAT) that will be levied on…
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