News – Page 161 – Maravi Express – Your Kind of News. Clear and accurate.

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

January 18, 2025

* 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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| Business, National, News

* 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…

Truck jackknifes completely blocking passage along Mzuzu-Nkhata Bay M5 Road

January 17, 2025

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| Business, National, News

By Duncan Mlanjira A truck has breakdown truck and jackknifed (a trailer folding and swinging out, which has completely blocking passage along Mzuzu-Nkhata Bay M5 Road at Kavuzi area. A public notice from Northern Region Police public relations officer, Inspector Maurice Chapola advises motorists not to descend beyond Jowelo Trading Centre or ascend beyond Mpamba Trading Centre. Inspector Chapola notifies that relevant authorities have been notified of the development. Comments on social media indicates that affected vehicles include tankers…

Airtel Malawi investing in additional capacity for international data links to mitigate interruptions from neighbouring countries’ fiber challenges

January 17, 2025

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| Business, National, News

Airtel Malawi’s acting Managing Director Abdul Shaik * Adds Electricity Supply Corporation of Malawi (ESCOM) as an additional local fiber service provider * To enhance protection on major routes in order to mitigate unforeseen circumstances Airtel Malawi has experienced recently * Acquiring additional protection capacity on international fiber link from Tanzania to boost already existing links from Mozambique and Zambia By Duncan Mlanjira In order to safeguard a robust and reliable network, Airtel Malawi is investing in additional capacity…

Paramount Holdings Ltd found guilty of supplying substandard fertilizer under Ministry of Agriculture’s Mega Farm Support Unit programme

January 16, 2025

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| Business, Law Enforcement, National, News

* After CFTC received a complaint that it was excluding liability for defective goods; misleading conduct and unconscionable conduct * Paramount Holdings was found to have already been fined by Malawi Bureau of Standards for supplying substandard fertilizer * As CFTC orders 3 companies to pay fines as a percentage of their total annual revenue as provided under the amended CFT Act By Duncan Mlanjira Paramount Holdings Ltd, which was contracted by the Ministry of Agriculture through the Mega…

President Chakwera vouches for peaceful leadership

January 16, 2025

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| National, News

* As various political opposition leaders join him to commemorate Rev. John Chilembwe Day at PIM in Chiradzulu * They included leader of Opposition, Joseph Mwanamveka; PDP president, Kondwani Nankhumwa; UTM president, Dalitso Kabambe; Patricia Kaliati and several others By Blackson Mkupatira, MANA In commemorating this year’s John Chilembwe Day yesterday at Providence Industrial Mission (PIM) in Chiradzulu District, President Lazarus Chakwera said it was crucial for Malawians to reflect on the type of leadership which would bring peace…

Ministry of Transport asks all road traffic laws enforcement agencies to take note of shutdown of MalTIS

January 16, 2025

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* The system that provides for driver licences, certificate of fitness (COF), insurance, car plate registration among others * It developed a technical error since January 6, 2025 and nature of the problem requires more time to resolve than earlier estimated By Duncan Mlanjira The Malawi Traffic Information System (MalTIS) at the Directorate of Road Traffic & Safety Services (DRTSS) developed a technical error since January 6, 2025, rendering the DRTSS and its agencies to fail provide all services…

Monitoring of fake news and misinformation is now a mandatory function for global communication regulators—MACRA

January 15, 2025

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* This follows the intention to award a contract to a Ghanaian IT firm to supply and integrated system to track misinformation and disinformation trends — at a cost of over US$1.5 million * This is a normal regulatory system that a number of the regulators do use — the system does Trend Analysis. * It compiles reports on trends; it doesn’t stop or pinpoint who is doing misinformation — it’s an analysis tool on trends * There is…

Cyclone Dikeledi expected to indirectly enhance Malawi weather conditions as it moves further away

January 15, 2025

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| Agriculture, National, News

Possible track of tropical cyclone Dikeledi (courtesy of La Reunion Regional Climate Centre) * Expect cloudy conditions with a pick in rainfall activities over some areas in Malawi, which will be heavy at times * Dikeledi remains in the Mozambique Channel, to the south east of Madagascar at a distance of about 910km from Malawi By Duncan Mlanjira The Department of Climate Change & Meteorological Services (DCCMS) reports that tropical Cyclone Dikeledi is now moving away from the coast…

DPP writes to international bodies alleging that MCP “appears to be dismantling democratic structures and establishing a police state”

January 15, 2025

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| International, News, Politics

* Calls for imposition of sanctions that would compel the MCP-government to return to the principles of democratic governance and the rule of law * “Independent surveys indicate that the MCP is likely to be rejected by the electorate, as they have lost touch with the needs and aspirations of the Malawian people” By Duncan Mlanjira The Democratic Progressive Party (DPP) has written a petition to international bodies seeking their “immediate support and intervention regarding the alarming developments in…