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Category: Business

29-year-old Lilongwe nurse wins K23 million in Premier Bet Aviator game
May 10, 2023
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* This is life-changing amount of money and we believe that it will have a significant impact on her life, including the family * This win is also a demonstration of the growth of the gaming industry in Malawi * And the opportunities it presents for players to test their skills and win big By Victor Singano Jnr Lilongwe-based nurse, Catherine Misoya has become a millionaire after winning K23 million through Premier Bet Aviator Game having placed a multiple…

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Malawi Finance Minister asked to look into mitigating risk factors that lead to loss of financial resources through corruption
May 10, 2023
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Finance Minister Sosten Gwengwe * There are a lot of examples of cases of corruption that have been well published as a good example of how resources are wasted in Malawi * The problem in Malawi is that even if the revenue is improved, the arm of corruption also grows longer By Duncan Mlanjira South Africa-based seasoned economist, Chifipa Mhango — who is the Chief Economist for Don Consultancy Group — contends that “if wasteful expenditure on unnecessary [government…

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K400 earns Lilongwe man K33 million in Premier Bet Sports
May 10, 2023
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* It took me some minutes to believe that my tickets have indeed won although I scanned the tickets * To those who don’t believe that they can win in betting they should believe now but I urge them to avoid bet wisely By Victor Singano Jnr Lilongwe-based 27-year-old, Precious Chilipa is smiling after winning K33 million in Premier Bet Sports betting after staking just K400. Chilipa, who hails from Phembetembe, T/A Kumtumanje in Zomba placed two stakes of…

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Malawi hosts ITU Regional Cyber drill for Africa
May 9, 2023
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* Africa needs to shift away from the national boundary mindset and take the modern approach of collaboration and coordination on issues pertaining to cyber security—MACRA chair Dr. Stanley Khaila By Tiyanjane Mambucha, MANA Minister of Information & Digitization, Moses Kunkuyu says promotion of massive adoption of information telecommunication technologies (ICTs) should be preceded by an assurance to ICT users of the safety and overall security of these technologies. He said this on Monday when he opened the International…

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MRA’s Msonkho Online upgraded in a big bang with extra service modules
May 9, 2023
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* From Monday, May 8, 2023, Msonkho Online has been upgraded with tax returns on corporate income * As well as tax returns on personal income; provisional; withholding; presumptive; mining * Also VAT on imported services and partnership income return * Part of a number of reform projects that MRA is carrying out in order to increase tax compliance and strengthen integrity By Duncan Mlanjira In its modernization reforms to, among others, widening the tax net; enhancing taxpayer service…

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MACRA tops list of best performing regulators
May 9, 2023
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* ADMARC tops list of worst performers state-owned enterprises in the trading sector * Followed by Blantyre Water Board and the National Economic Empowerment Fund By Duncan Mlanjira Finance Minister Sosten Gwengwe has named Malawi Communication Regulatory Authority (MACRA) as top of the list of best performing regulators — followed by TEVETA and the National Construction Industry Council. The Minister made this announcement in Lilongwe on Monday at a meeting with heads of all 72 state owned institutions where…

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MRA’s 2022-2023 revenue collection at K1.539 trillion against target of K1.538 trillion
May 9, 2023
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* Last quarter of 2022-2023 was at K398.33 billion from target of K388.05 billion with a surplus of K10.88 billion * Non-payment of arrears by some government Ministries, Departments and Agencies negatively impacted tax performance * Amounting to K9.8 billion that affected withholding tax, pay as you earn (PAYE) and value added tax (VAT) By Duncan Mlanjira Malawi Revenue Authority (MRA) collected K1.539 trillion in the 2022-2023 fiscal year against the target of K1.538 trillion — at a performance…

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Standard Bank supports Malawi Investment Forum with K50 million
May 7, 2023
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Standard Bank CE Phillip Madinga hands over the cheque to Minister Chithyola Banda * Standard Bank is committed in supporting government to attract investors * We believe that Malawi is our home and we drive her growth * So, in driving the growth we are excited to to support the Ministry of Trade * Because it is through this Investment Forum that we will grow our economy as a country Maravi Express Minister of Trade & Industry, Simplex Chithyola…

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FDH Bank supports K5m towards MISA Malawi’s World Press Freedom Day commemoration gala
May 6, 2023
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Chikhula hands over the cheque to MISA Malawi representative, Aubrey Mchulu * We consider the media as our partner as we have been working together for many years * We are a home grown brand and we also owe our success to the media — hence the support towards their big event By Victor Singano Jnr FDH Bank Plc on Friday made a donation of K5 million to Media Institute for Southern Africa (MISA) Malawi Chapter to help towards…

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Government to engage stakeholders on workers plight—Chakwera
May 2, 2023
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* I am therefore directing the Minister of Labour to resurrect regular meetings of the tripartite labour advisory committee with immediate effect * After MCTU asked government to adjust upwards workers minimum wage to match the rising cost of living By Stanley Nkhondoyachepa, MANA At the commemoration of this year’s Labour Day held at Masintha on Monday in Lilongwe, President Lazarus Chakwera says his government will engage stakeholders in finding solutions to the issues and concerns raised by workers…

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