Business
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Trade-based money laundering costs K6.6bn
September 18, 2019
Trade-based money laundering costs K6.6bn
Malawi Revenue Authority (MRA) says trade-based money laundering has cost the economy $9 million (about K6.6 billion) between 2017 and…
Proposed 1% mobile money tax causes stir
September 18, 2019
Proposed 1% mobile money tax causes stir
The proposed one percent withholding tax on non-bank mobile money transactions threatens the financial inclusion agenda as the cost of…
Drying ports threaten water transport—report
September 17, 2019
Drying ports threaten water transport—report
Ministry of Transport and Public Works has admitted that the drying up of Chipoka and Chilumba ports in Salima and…
MCCCI says 2019/20 Budget unrealistic
September 17, 2019
MCCCI says 2019/20 Budget unrealistic
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has faulted the proposed 2019/20 National Budget for assuming a rosy…
ICAM warns treasury on debt strategy
September 17, 2019
ICAM warns treasury on debt strategy
Institute of Chartered Accountants in Malawi (Icam) has warned that external borrowing could expose the country to currency risks, which…
Gas tax reduction offers hope
September 14, 2019
Gas tax reduction offers hope
Treasury’s move to remove value added tax (VAT) on liquefied petroleum gas (LPG) and gas cylinders, coupled with a 10.61…
Ecama hails Pay-as-You Earn tax-free bracket
September 14, 2019
Ecama hails Pay-as-You Earn tax-free bracket
Economists have hailed government for the upward revision of the tax-free band, stating that the revision is one way of…
‘SA unrest costing businesses’
September 13, 2019
‘SA unrest costing businesses’
The Ministry of Trade, Industry and Tourism says the on-going turbulence in South Africa has affected trading activities between Malawi…
Vale moves to ramp up output at Moatize Mine
September 13, 2019
Vale moves to ramp up output at Moatize Mine
Vale, a Brazillian multinational mining and logistics firm, has ramped up production of coal at Moatize Mine in Tete, Mozambique,…
Maize price rise hits dairy sector
September 13, 2019
Maize price rise hits dairy sector
Escalating maize prices coupled with low prices of liquid milk could threaten the resilience of the industry, players have said.…