Business – Page 69 – Maravi Express – Your Kind of News. Clear and accurate.

Airtel Malawi Plc appoints its former chief commercial officer Aashish Dutt as new Managing Director

January 22, 2025

* He has over 28 years of experience in the telecommunications — 14 of which have been in executive management * He also has a strong commercial background in telecommunications and FMCG across multiple geographies across India and Africa By Duncan Mlanjira Airtel Malawi Plc has appointed its former chief commercial officer, Aashish Dutt, who had relocated to Kenya in 2021, as the new Managing Director with effect from February 1, 2025. He is replacing Charles Kamoto, who relocated…

Public implores on MBS to continuously inspect shops over hygiene standards

January 21, 2025

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* As the regulator finds shops such as Sana; Food Lovers Market; Panda Superstore stocking rotten food items, expired goods and poor hygiene * MBS, this should not end here, it should be your routine needs. MBS needs to transition from being reactive to proactive in enforcing quality standards By Duncan Mlanjira The Malawi Bureau of Standards (MBS), which is on a nationwide surprise market surveillance, is stumbling on several shops that are violating Section 39 of the Malawi…

Airtel Africa in strategic collaboration with top African artists to promote better data usage

January 20, 2025

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The three renowned Africa artists * The artists are to create a special song to provide customers with practical tips and tools that will help them to maximise their data * For everyday use, from browsing the internet to streaming and accessing essential apps * At Airtel Africa, our priority is to create exceptional customer experience with our products and services By Duncan Mlanjira Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, has…

An estimated 5.7 million poor Malawians are in crisis level of acute food insecurity between October 2024 and March 2025

January 20, 2025

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* This is not just a statistic — it is a failure of governance. The food insecurity has hit rural communities hardest * This crisis is not simply the result of environmental factors — it is the direct outcome of failed policies and gross incompetence By Duncan Mlanjira In his address to the nation yesterday, former President Peter Mutharika declared that Malawi is in a hunger crisis, saying between October 2024 and March 2025, an estimated 28% of Malawi’s…

Former Trade Minister Kansichi praises Minister Mumba’s invasion of companies subjecting employees to poor working conditions

January 20, 2025

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NT Plastics Manufacturing Ltd managing director, Zhouh Young Fei being arrested for continuing operations defying the closure order * Congratulates him for being a pragmatic leadership in an effort to restore sanity, ethics and enforcement of the law in the industries * Which, apparently, are being neglected, largely because of greed and corruption within the layers of our society By Duncan Mlanjira Former Minister of Trade, Martin Kansichi — who served during the Democratic Progressive Party (DPP) administration under…

Stiffer punishment needed for people caught vandalising public assets; just like the amended Electricity Act

January 19, 2025

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* The public asking why the Police are not enhancing street patrols just like they do with breathalyzers at selected places throughout the night * Because obviously these acts of vandalism take place at night when the streets are quiet * The situation also poses a security concern in that streets are quiet at night and lack of lights and road signs, exposing road users to danger Analysis by Duncan Mlanjira People caught and found guilty of vandalising Electricity…

Vandalism of ESCOM assets reaches another high level as it involves Chinese national in collaboration with 3 Malawians

January 18, 2025

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* Found in possession of over 40 bags of stolen copper wires, amounting to approximately 18 tonnes * Which are being suspected to have been stolen from various sites of the power utility company * The Chinese national was buying copper at K15,000 per kilogramme,” and with over 16 tonnes of copper wire confiscated, the financial loss to ESCOM is substantial Maravi Express A Chinese national has been arrested by the Police in Lilongwe today alongside three Malawian accomplices…

ICAM suggests adjustment of PAYE tax-free band to K300,000 in the 2025-2026 National Budget to mitigate inflation effects

January 18, 2025

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* Reduce the higher end (marginal) tax rate from the current 35% to 30% to synchronise it with the corporate tax rate for employees * Individuals don’t get relief for expenses unlike corporates and the the threshold of marginal tax rate for employees be review * From K2,550,001 to K6 million per month since they are seen to pay tax at a rate higher than prevailing corporate tax By Duncan Mlanjira Forex scarcity which is impacting essential imports of goods…

MCCCI proposes to raise threshold of 10% corporate income tax on business profits to K30 billion from K10 billion

January 18, 2025

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* The K10 billion threshold in all sectors is a barrier to growth and discourages potential investors * It is one of the primary tax policies currently hindering substantial investment across all sectors By Duncan Mlanjira Considering the devaluation of the Malawi Kwacha and the inflation experienced since the introduction of the threshold of 10% corporate income tax on business profits exceeding K10 billion in all sectors, the government has been asked to consider raising the threshold to K30…

Government asked to consider reducing VAT rate to 15% to encourage consumer spending to stimulate the economy and businesses

January 18, 2025

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* Also to remove VAT on cooking oil to support vulnerable groups currently relying on unhealthy cooking oils * To initiate tax policies that encourage savings and investments, such as tax deductions for interest earned on savings accounts or tax incentives for long-term investments By Duncan Mlanjira At the last of three of the 2025-2026 national pre-budget meetings with private sector stakeholders — held at Sunbird Mount Soche in Blantyre — the government has been asked to consider reducing…