Business

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Trade-based money laundering costs K6.6bn

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

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

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

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

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

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

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’

‘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

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

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.…
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