Business – Page 161 – Maravi Express – Your Kind of News. Clear and accurate.

MRA’s Msonkho Online upgraded in a big bang with extra service modules

May 9, 2023

| Business, Law Enforcement, National, News

* 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…

MACRA tops list of best performing regulators

May 9, 2023

| No Comments

| Business, National, News

* 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…

MRA’s 2022-2023 revenue collection at K1.539 trillion against target of K1.538 trillion

May 9, 2023

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| Business, National, News

* 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…

Standard Bank supports Malawi Investment Forum with K50 million

May 7, 2023

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| Business, International, National, News

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…

FDH Bank supports K5m towards MISA Malawi’s World Press Freedom Day commemoration gala

May 6, 2023

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| Business, National, News

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…

Government to engage stakeholders on workers plight—Chakwera

May 2, 2023

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| Business, National, News

* 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…

AGCOM-supported ACADES impresses World Bank

May 2, 2023

| No Comments

| Agriculture, Business, National, News

* This is a community founded initiative that is taking advantage of a small seed funding * To create more value in form of more productivity, more products, more livelihoods and a very ambitious business plan By Susan Hara, MANA The success story of ACADES — an agricultural producer organisation that received financial support from the Agricultural Commercialisation (AGCOM) — has impressed a visiting World Bank delegation, led by Managing Director of Operations, Anna Bjerde. AGCOM is funded by…

National Addressing System project kick-starts in Central Region

May 1, 2023

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| Business, National, News

* The current national budget allocated funds for the exercise with an expectation to have all works completed within the financial year * We need to make people in our communities be well aware of this project and its benefits for it to be a success By Nellie Kapatuka, MANA Malawi Communications Regulatory Authority (MACRA) says government has allocated funds to implement the National Addressing System project in Central Region districts during the 2023/24 financial year. This was disclosed…

CFTC encourages companies to develop compliance policies for early detection to address danger areas

May 1, 2023

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| Business, Law Enforcement, National, News

* The consequences of failing to comply with competition and consumer protection law are serious * They include fines, imprisonment for up to five years, civil actions by third parties and reputation damage By Duncan Mlanjira The Competition and Fair Trading Commission (CFTC) Executive Director, Lloyds Vincent Nkhoma said they are never happy to investigate and order fines against businesses that have flouted regulations — thus he has encouraged companies to develop compliance policies. A statement from CFTC quotes…

Airtel Africa, UNICEF reaffirm commitment to accelerate access to quality education across Africa

April 29, 2023

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| Business, Education, International, National, News

* The joint commitment aims to ensure that every child reaches their full potential * Airtel Africa is cognizant of the great value education contributes to our nations across the continent * Which is why we are very deliberate in promoting education and empowering our people By Duncan Mlanjira Airtel Africa and UNICEF launched a US$57 million 5-year academic partnership in 2021, to accelerate the roll-out of digital learning for children by connecting schools to the internet and ensuring…