Category: Business

Illovo Sugar Malawi MD Lekani Katandula presenting the symbolic cheque to MRA Commissioner General, John Biziwick * MRA appreciates that Illovo Sugar is one of their largest and most esteemed taxpayers * In 2022 company paid K8.17 billion in domestic taxes and collected K14.67 billion from VAT, WHT, PAYE, NRT and DIV on behalf of Government * In 2022/23 fiscal year, Illovo paid K7.31 billion in domestic taxes and collected K25.07 billion on behalf of Government By Duncan Mlanjira…

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* It is the intention of the President Chakwera-led administration to increase the number of people who should be supplied with electricity—Energy Minister Matola * It has been sad that my constituents have been unable to carry out various small scale businesses due to lack of electricity—MP Alfred Jiya By Duncan Mlanjira Minister of Energy, Ibrahim Matola has promised residents of Area 50 in the Capital City, Lilongwe that Government is moving with speed to supply them with the…

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* We are also working closely with Airtel and TNM and have given each other six months to rectify all issues affecting service delivery * As MACRA inaugurates it’s Mzuzu office, Zwangendaba House, presided over by His Majesty Inkosi ya Makhosi Mmbelwa V By George Mponda, MANA Malawi Communications & Regualatory Authority (MACRA) promises that quality of services provided by mobile networks will improve after six months. Director General, Daud Suleman made the pledge on Saturday in Mzuzu during…

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* Budget for enforcement, liaison, monitoring, and evaluation was overspent by K22 million (357% negative variance) * International travel-market promotional had a 341% budget deficit, totaling K187,305,023 * A trip to China, costing K126,368,784.31, was not included in the budget for the fiscal year 2022–2023 and statutory corporation’s compcontroller did not duly approve the travel request By Duncan Mlanjira Tasked by the Board of Commissioners to conduct an internal investigative audit of the all-important Tobacco Commission, the results exposes…

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Acting Director of Planning & Development, Melayi Mhone * The socio-economic profile highlights the gaps which we have in the district * The district development plan highlights projects that we want to be implemented to cover those gaps By Chilungamo Missi, MANA Blantyre District Council on Friday approved new district development plan (DDP) and socio-economic profile (SEP), which are its development roadmaps to be used till 2030. The approval was made during an extraordinary full Council meeting held at…

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President Chakwera with IMF delegation leader, Mika Saito at beginning of talks in May * Consideration by the IMF Executive Board is scheduled for mid-November 2023 * Malawi stepped up efforts to meet fiscal targets and adjusting expenditure to offset a shortfall in revenue * RBM tightened the monetary policy to contain inflationary pressures and resumed foreign exchange auctions By Duncan Mlanjira The staff delegation from the International Monetary Fund (IMF) has reported that it has reached a staff-level…

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