Category: Business

The launch of the tree seedling nursery planting season * Set to distribute 12,000 tree seedlings for free to communities surrounding Blantyre District * Our business also use trees for making caskets — therefore we thought it wise to take part in afforestation drive * Calls the public to intensify proper monitoring mechanisms to achieve a good tree survival rate By Mayamiko Phiri & Steven Godfrey Mkweteza, contributors Old Mutual Malawi plc — in partnership with its subsidiary company,…

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Vice-President Chilima, chairperson of the special taskforce * Of allowances, procurement and employment contracts * As mandated by President Lazarus Chakwera on February 14 * The comments and proposals should be sent by March 21 * to be sent through email address: reviewtaskforce@ovp.gov.mw * or Facebook Page: Malawi Public Sector Reforms: https://www.facebook.com/MalawiPublicSectorReforms * Or WhatsApp: 0883 682 197 (text messages only, no calls) * Twitter handle: – @the_reforms By Duncan Mlanjira The Public Service Systems Review Taskforce, which President Lara’s…

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Minister of Forestry and Natural Resources, Nancy Tembo planting a tree * It is everybody’s responsibility to plant trees as we all need trees for fuel wood, oxygen, construction * We all need trees for almost everything which we do every day * In fact we need trees more than trees need us * Government plans to plant 60 million trees across the country * Tree planting season commenced in December 2020 and scheduled to run up to April…

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* As Malawi Police Service stands to clean bad apples * Geared to crump out unprofessional conduct among its rank and file By Duncan Mlanjira Malawi Police Service (MPS) on Friday arrested one of their own based at Area 25 police unit in Lilongwe for illegally releasing a truck full of charcoal that was impounded by a night patrol team. A statement from MPS public relation officer, James Kadadzera said preliminary inquiries indicate that the an unnamed officer was…

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Felix Mlusu * Mid-year Budget performance * Performance of taxes on goods and services fell short of target by 5.4% * This was on account of subdued effective demand and rampant non-compliance in domestic VAT By Duncan Mlanjira Parliament approved total expenditure and net lending of K2.190 trillion in the 2020/2021 financial year while inflows of revenues and grants were approved at K1.435 trillion, giving a total financing requirement of K755.1 billion. Of this financing, reports Finance Minister Felix…

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Finance Minister Felix Mlusu * To cushion effects caused by COVID-19 pandemic period * Payment is being made after thorough verification by the Auditor General’s office By Duncan Mlanjira In his presentation of the review of the second half of the 2020/2021 Budget in Parliament on Friday in Lilongwe, Finance Minister Felix Mlusu said in order to support the business community during the COVID-19 pandemic period, Government has commenced payment of public sector arrears as one way of injecting…

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* To finance recruitment of healthcare workers * AstraZeneca COVID-19 vaccine doses are for 20% of the population * Total requirement for this vaccine for the entire population is US$120.2 million * Government is in discussion with cooperating partners to secure doses for the entire population By Duncan Mlanjira The provision for wages and salaries has been revised upwards from its approved amount of K523.7 billion to K525.3 billion, representing an increase of K1.6 billion which is budgeted to…

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* In order to achieve set targets for smooth budget implementation * Second half has been drawn with full consideration of developments during the first half * Total revenue and grants are projected at K875.8 billion * Of which K621.6 billion is domestic revenue and K254.2 billion are grants By Duncan Mlanjira Finance Minister Felix Mlusu has told Parliament sitting in Lilongwe on Friday that in the second half of 2020/2021 fiscal year, Government will continue with its efforts…

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Finance Minister Felix Mlusu * Representing 94.0% of the target * Domestic revenue collection was projected at K1.179 trillion * As Finance Minister presents the 2020/2021 mid-year budget review * This has been achieved in the hardest of times characterised by subdued economic activity due to COVID-19 pandemic By Duncan Mlanjira At the time of budget formulation of the 2020/2021 fiscal year, it was assumed that policy measures and strategies by the Government would result into domestic revenue collection…

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