Mwanza Border monthly revenue to grow by 8%—MRA
The Malawi Revenue Authority (MRA) says it expects its customs monthly revenue at Mwanza Border to go up by eight percent to K26 billion when the one-stop border post facility opens.
Speaking on Wednesday at Mwanza Border when Minister of Trade and Industry Sosten Gwengwe handed over the facility to operating agencies, MRA deputy commissioner general Henry Ngutwa said the new facility will enable it to clear goods within three hours instead of several days.
He said tax revenue is expected to jump from K24 billion to K26 billion per month.
In his remarks, Gwengwe said government wants to ensure that all borders migrate to one-stop service facilities to enhance operational efficiencies and open up the flow of cross-border trade.
“The application of the one-stop border post will reduce border delays by almost 70 percent which means reduction in transit costs, promote a coordinated and integrated approach to facilitating trade and promote efficiency in the delivery of public services,” he said.
The project was funded by the World Bank with support from Southern Africa Trade and Connectivity Project with a tune of K5.5 billion.
