Business – Page 25 – Maravi Express – Your Kind of News. Clear and accurate.

ESCOM institutes formal investigation into tragic incident that led to death of one of its power linesmen in Lilongwe

January 19, 2026

* To provide full details once the investigations is concluded as ESCOM’s primary focus is supporting the families of the departed colleague * We ask for the public’s patience and respect for the privacy of the grieving family during this incredibly difficult time By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) assures the public that it will provide full details once it concludes its investigation on the tragic incident at Nsanje in Lilongwe yesterday, January 18, that resulted…

Road Traffic Directorate bringing its services closer to the people

January 17, 2026

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DRTSS Director Madalitso Kuyera (all black) at Makata Satellite Office yesterday * Recently established Ngabu satellite office and plans set up more in Mulanje, Salima and Mzimba * To offer a wider range of road traffic services in order to decongest the Southern Region Head Office at Ginnery Corner in Blantyre * Intends to utilise existing weighbridge offices to offer selected services, including driver’s licence renewals and road permit processing By Duncan Mlanjira In order to decongest the Southern…

Police uncover criminal syndicate in Lilongwe

January 17, 2026

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* Five arrested over robberies targeting foreign nationals; four suspected to be members of a criminal syndicate operating between Lilongwe and Blantyre * The 5th suspected to be allegedly buying stolen property from foreign nationals and forwarding them to Blantyre for resale * Identified as Lano Banda (27), James Banda (32), Gregory Makonokaya (41) — all from Bangwe and Ndirande Townships in Blantyre — and Alfred Banda (39) of Mgona in Lilongwe By Alfred Banda, MANA Police in Lilongwe…

Malawi law enforcement cracking the whip hard on traffic regulation violations

January 17, 2026

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* As Kawale police impound 26 unroadworthy vehicles for offences that include exceeding seating capacity, driving without valid permits, worn-out tyres, and defective brake lights, among others * Follows Mangochi Police impounding 19 unroadworthy motor vehicles in December for similar offences that included wrong parking, driving uninsured motor vehicles, operating unregistered motor vehicles Maravi Express Since the appointment of new Inspector General of Police (IG) Richard Chakupaleza Chikoko Luhanga, the Malawi law enforcement seems to be in transformative mode…

Plan to introduce worldwide income tax not good move for Malawi’s economy, its fiscal credibility or its relationship with the diaspora—Economic analyst Thomas Ngoma

January 17, 2026

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* As Malawians in the diaspora will be required to pay tax back home on income earned anywhere in the world * Nothing in the current evidence suggests it would raise meaningful revenue, and everything suggests it would damage remittances, investment flows, and trust — at a time when Malawi desperately needs all three * Malawi’s fiscal problem is not a lack of taxes — it is inefficiency, leakage, and expensive domestic borrowing By Duncan Mlanjira Minister of Finance,…

Diaspora taxation or fiscal distraction? Why Malawi’s worldwide income tax proposal misses the mark

January 17, 2026

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* Worldwide income taxation is not inherently unjust if done properly. But ‘properly’ requires treaties, capacity, credibility, and trust * Until those foundations are in place, taxing the diaspora’s global income will generate more economic and political damage than revenue * Strengthening domestic taxation and offering credible, voluntary diaspora engagement tools is the more realistic and development-oriented choice By Dr. James Kadyampakeni, economic analyst Malawi’s proposal to introduce a worldwide income tax on the diaspora should not be viewed…

Economic analyst Kadyampakeni dissects Finance Minister Mwanamveka’s national economic outlook

January 15, 2026

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* The submission made at the 2026/27 national pre-budget consultation meetings is polished in tone but hollow in substance * It reads more like a ceremonial opening statement than a serious engagement with the depth of Malawi’s economic crisis * While it repeatedly invokes “consultation,” “listening,” and “inclusive dialogue”, it avoids confronting the hard policy choices and failures that have brought the economy to its current state By Duncan Mlanjira Canada-based economic analyst, Dr. James Kadyampakeni observes that Minister…

ESCOM’s 12 units of 20MW battery energy storage system at Kanengo in Lilongwe

January 15, 2026

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* To serve three critical functions: frequency regulation; integrating renewables and reducing load shedding * We are moving from the design phase to the reality of a modernised power system for all Malawians—acting CEO Eng. Maliano By Duncan Mlanjira The battery energy storage system (BESS) project being undertaken by Electricity Supply Corporation of Malawi (ESCOM) Limited towards Malawi’s stable energy evolution, is now firmly on track following the arrival of 12 BESS containers 20MW units at project site, Kanengo…

Finance Minister Mwanamveka warns business leaders against illegal financial transactions

January 15, 2026

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* I know what you are doing regarding money laundering and other illegal money transactions, and authorities are on the ground to act * I do not want to see a situation where a bank has been closed solely because it facilitated this malpractice. Let us all work together to manage this economy By Memory Kutengule Chatonda, MANA Minister of Finance, Economic Planning & Decentralisation, Joseph Mwanamvekha, has warned business leaders, banks and money transfer operators, against engaging in…

MCCCI expects efficiency revenue collection in 2026/27 National Budget

January 14, 2026

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Finance Minister Mwanamveka during the pre-budget consultation meeting * By digitisation of revenue collection to reduce spillage, corruption, manual errors, or evasion that will lead to its growth * Incentivise business registration to reduce informal enterprises sector, which is at 89% against 11% formal enterprises in the MSME sector * To introduce earmarked taxes on motorcycle (kabaza) operations, whose increasing accidents are constraining health sector in terms of budgetary resources * Restructuring state-owned enterprises (SOEs) into profitable models fiscal…