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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…
Tea industry rebuffs minimum wage hike proposal

Tea industry rebuffs minimum wage hike proposal

Tea Association of Malawi (Taml), a grouping of large tea estates,  says it cannot afford to pay its workers the…
Audit key to settling utility bills—Treasury

Audit key to settling utility bills—Treasury

Ministry of Finance says it will wait for the National Audit Office to audit oustanding arrears government institutions owe the…
Donors trust on govt systems low—report

Donors trust on govt systems low—report

A  Mid-Term Review of the Malawi Growth and Development Strategy (MGDS) III has revealed low donor trust in the country’s…
Commission zeroes in on poultry sector

Commission zeroes in on poultry sector

Competition and Fair Trading Commission (CFTC) plans to carry out a study in the poultry sector following complaints of anti-competitive…
EU bankrolls skills, job creation agenda

EU bankrolls skills, job creation agenda

The Malawi Government and the European Union (EU) have signed a 55 million euro (about K45 billion) financing agreement to…
Illovo speaks on sugar prices amid reduced exports

Illovo speaks on sugar prices amid reduced exports

Listed sugar manufacturer Illovo Sugar (Malawi) plc says it will continue with its internal reforms to reduce production costs, amid…
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