Category: Business

Maravi Express In his State of the Nation (SONA) address in Parliament today, February 3, President Lazarus Chakwera says his Administration will build on incentives pronounced in the last National Budget to promote and encourage local manufacturing, CoVID-19 has taught the nation of the need to reduce her dependence on imports. He said in implementing its 2021/22 National Budget, “Government found itself in a situation where it had to meet a number of CoVID-19 related expenditures at the same…

Read More

Maravi Express In spite of the continued negative impact of the CoVID-19 pandemic because of timely and effective Government interventions, the Malawi economy is estimated to have grown by 3.0% in 2021, up from 0.8% in 2020. This was said by President Lazarus Chakwera his State of the Nation (SONA) address in Parliament today, February 3, under the theme “Fixing Economic Systems to Deliver Long-term Priorities and Diffuse Short-term Pressures. He said amongst many of the CoVID-19 interventions, the…

Read More

Chakwera arriving at Parliament for his SONA Maravi Express In his State of the Nation (SONA) address in Parliament today, February 3, President Lazarus Chakwera said in balancing the attention between long-term priorities and short-term pressures, the citizenry “must resist the despair of thinking that Malawi is a glass half-empty”, but believe that Malawi has “so many more national treasures than other economies that are doing better than ours”. “All we need to do to translate our national treasures…

Read More

FDH First Discount MD Mike Chiwalo presenting the cheque to DoDMA’s Chimphepo * As FDH Holdings Plc donates K27.5 million for affected people in Chikwawa, Nsanje, Phalombe and Mulanje * People of the Lower Shire were warned through address systems mounted on vehicles to move to higher grounds * This follows criticism that government did not act in a manner deserving of this unprecedented emergency By Duncan Mlanjira As soon as the Department of Climate Change and Meteorological Services…

Read More

* As CAMA implores on Clerk of Parliament to consider reviewing the many levies that are added on the fuel prices * That if removed could led the price of petrol at K950.00/ltr and diesel at K931.00ltr * The levies in question are Road Levy; Malawi Rural Electrification (MAREP) and the Malawi Bureau of Standards CESS By Duncan Mlanjira Key economic factors, mainly due to the exchange rate of the Malawi kwacha against the United States dollar — coupled…

Read More

Hara (1st left) being briefed by the officials * There is a growing resentment by road transporters who fear that the rail system might jeopardize their industry * Since trains are able to transport more goods on their wagons * Thus businesses shall prefer the rail than road transportation By Martin Chiwanda, MANA & Duncan Mlanjira, Maravi Express If well promoted, rail transport system is set to translate into bringing more growth to road transportation as more goods will…

Read More

MERA CEO Henry Kachaje Maravi Express Malawi Revenue Regulatory Authority (MERA) has asked the Reserve Bank of Malawi (RBM) Governor to consider prioritizing forex allocation to licensed fuel importers following fuel shortages the country is currently facing due to reduced imports as local commercial banks have not been able establish adequate Letters of Credit for fuel imports. The letter from Chief Executive Officer, Henry Kachaje warns that the “resultant effects of fuel shortages can lead to long lasting and…

Read More