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MRA to electronically monitor VAT

MRA to electronically monitor VAT

Malawi Revenue Authority (MRA) Wednesday disclosed plans to install electronic monitoring system in all businesses registered to collect value added…
Access to finance key to growth—IFC

Access to finance key to growth—IFC

About 47 percent of firms in Malawi experience problems of accessing finance, consequently hindering private sector growth and retarding job…
PCL sells stake to Carlsberg Denmark

PCL sells stake to Carlsberg Denmark

Dual-listed conglomerate Press Corporation Limited (PCL) has sold its 10 percent shareholding in Bottling and Brewing Group Limited (BBGL), now…
Socam proposes tax penalties amnesty

Socam proposes tax penalties amnesty

The Society of Accountants in Malawi (Socam) has suggested to government to consider introducing a 12-month tax penalties amnesty to…
Malawi, Moz trade gap wide—govt

Malawi, Moz trade gap wide—govt

The Malawi Government has said its trade gap with the neighbouring Mozambique is too wide. Figures show the gap in…
NBM defends K11bn pre-tax profits

NBM defends K11bn pre-tax profits

National Bank of Malawi (NBM), which has reported a 110 percent pre-tax profit growth in the year ended 31 December…
Mixed reactions as Mzuzu Auction Floors open

Mixed reactions as Mzuzu Auction Floors open

Mzuzu Auction Floors officially opened for the 2013 tobacco sales on Monday with mixed reactions from different stakeholders regarding the…
Malawi urges private sector to up investment levels

Malawi urges private sector to up investment levels

Malawi’s Minister of Industry and Trade Sosten Gwengwe says government will continue supporting the growth of the private sector, arguing…
Kasungu electrification project gathers pace

Kasungu electrification project gathers pace

The street electrification project in Kasungu Municipality is entering a second phase from Kasungu CCAP all the way to Chiphaso,…
Malawi tobacco rakes in $16.7m

Malawi tobacco rakes in $16.7m

Cumulative revenue from tobacco, Malawi’s main foreign exchange earner, hit $16.7 million (K7bn), a more than 50 percent jump from…
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