Category: Business

Chakwera being briefed by Scotland-Malawi Partnership’s chief executive officer, David Hope-Jones By Linda Moyo, MANA in Scotland Having been impressed with David Livingstone Museum, President Lazarus Chakwera says it is high time Malawi started utilizing opportunities that museum — as a tourist attraction sector — can play to improve the economic development of the country. The President visited the impressive museum on Wednesday in the city of Blantyre in Scotland that preserves and dedicates the life and work of…

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Mlusu during his visit to appreciate construction works of the Shire Valley Transformation Project * The government will collect VAT on the earnings banks make on charges *At no point should that be passed on the customers * Customers are assured that their money shall be refunded if they shall be charged VAT By Duncan Mlanjira Finance Minister Felix Mlusu has advised the public to report to the Reserve Bank of Malawi (RBM) if they discover that their banks are…

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EGENCO CEO William Liabunya and CHINT Group’s Dennis Chu Liang exchange contracts * The 10MW is the first phase of project towards a scalable 20MW solar power plant that will be implemented back to back * Contractor CHINT Group expresses its commitment to complete the project in time *The contractor has vast experience in developing solar power systems in Asia, Europe and other African countries By Duncan Mlanjira Electricity Generation Company (Malawi) Limited (EGENCO) is expected to commission a 10 megawatts…

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* “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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