Category: Business

* “Consumers will only wake up one day and only to find that their money in the bank has been wiped-out” * BAM’s press release is a friendly warning to all consumers that their money is unsafe with the banks * The reintroduction of new transaction charges in the name of VAT is unacceptable and unjustifiable By Duncan Mlanjira Consumer Association of Malawi (CAMA) has joined the outcry on the introduction of value added tax (VAT) which banks are…

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* If the demands are not met and the law comes into force, Kawelo Lawyers is instructed to proceed with Constitutional review of the impudged amendments * “The amended law has added VAT on interchange fees between banks — which are mostly done through ATMs” * “The law seeks to add VAT on interchange fees between a bank and other financial institutions including mobile banking” * “Mobile banking is mostly used by members of the community with no bank…

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* MERA takes into account key economic and social fundamentals when reviewing tariff increases * The Word Bank should have made their advice through the Ministry of Energy and MERA in camera Maravi Express Consumers Association of Malawi (CAMA) strongly condemns World Bank’s demand for an increase on the country’s electricity tariffs. In a public statement issued on Friday, November 29 by CAMA’s Executive Director, John Kapito, reminds the Word Bank that matters related to electricity tariff increase are…

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* Illovo Sugar and Garda World also rehabilitated Ngabu Police Post and Nchalo Police Station * I confidently say Illovo, Unitrans and Garda World are our trusted partners, come rain or sunshine—IG * Illovo Sugar also donated torches, whistles and reflective jackets to Chikwawa community policing forums * Theft has been a serious concern for both the Illovo Nchalo operations and the wider Nchalo-Ngabu community itself By Duncan Mlanjira Illovo Sugar Malawi Plc and Unitrans has donated three patrol…

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An MBS official showing the gathering the calibrated scales By Salome Gangire, MANA Malawi Bureau of Standards (MBS) will start confiscating uncalibrated weighing instruments being sold in shops in the country following gazetting of regulations allowing the Bureau to do so. MBS Director General, Symon Mandala disclosed the development on Monday at Zigwagwa Market in Mzuzu during a sensitization meeting as part of commemoration of the World Metrology Day. He said: “At first we were just controlling at the…

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Sattar was not under any formal investigation by the ACB * Until the UK notified the Malawi government of its action to arrest Sattar, he was not under any formal investigation by the ACB * The British government had funded Baker Tilly’s forensic audit into Cashgate * Its report found that two Sattar-linked companies, Top Prima and Rummage Pace, were the biggest beneficiaries of Cashgate * They received K12 billion in payments for purported supplies to the Malawi Defense…

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