Business Posts

MRA Shifts Pressure to MPs for Action in Tax Stamp Standoff

Jul 25, 2024 Archangel Nzangaya 0 &

In response to recent calls for the suspension of excise tax stamps, the Malawi Revenue Authority (MRA) asserts its role as strictly regulatory. MRA Commissioner General John Biziwick emphasized this stance during a media training… ...

Treasury applauds revamped Standard Bank Private Banking Services

Jul 25, 2024 Mike Kalumbi 0 &

The Ministry of Finance says innovative and bespoke banking services hold the key to achieving economic targets under Malawi's 2063 vision.  Secretary to Treasury Betchani Tchereni said such transformative offerings can contribute meaningfully to Malawi's… ...

Harvesting Gold: How NASFAM transformed farmers’ lives

Jul 25, 2024 Malawi24 Reporter 0 &

In Karonga District, the National Smallholder Farmers' Association of Malawi (NASFAM) has become a beacon of hope for many farmers, transforming their lives in profound ways.  Among the success stories is Lusekero Mwalwayo, whose journey… ...

Smokescreen Unveiled: 81% of Tobacco Seized for Nesting in 2024

Jul 24, 2024 Martha Chikoti 0 &

During the 2024 tobacco selling season in Malawi, the Tobacco Commission (TC) reports to have confiscated a significant 81% of tobacco due to nesting. According to TC's Public Relations Officer, Telephorus Chigwenembe, the confiscations were… ...

Standard Bank unveils dialogue platform, “Growth Conversations”

Jul 24, 2024 Mike Kalumbi 0 &

In a bold move to enhance consensus building and collective bargaining on economic policy, Standard Bank Plc has launched a stakeholder engagement platform dubbed the ‘Growth Conversations’. Speaking at the launch of the initiative in… ...

Fuel Train Rolls Back Into Lilongwe After 21 Years

Jul 23, 2024 Archangel Nzangaya 0 &

After a hiatus of 21 years, the National Oil Company of Malawi (NOCMA) is poised to receive a significant delivery today.  A train from Mozambique, carrying 16 tank wagons loaded with diesel, is set to… ...

Malawi’s economy faces disruptions due to unstable foreign currency reserves, NOCMA reports

Jul 23, 2024 Burnett Munthali 0 &

Malawi's economy is experiencing substantial disruptions as a result of unstable foreign currency reserves, which are insufficient to ensure a continuous supply of fuel.  The National Oil Company of Malawi (NOCMA) has highlighted this issue,… ...