Latest Malawi and World Business, Finance, and Economic News

The Malawi Revenue Authority ( MRA) says the introduction of export warehouses has streamlined the process of monitoring and tracking farm produce exports thereby curbing the issue of smuggling of the farm produce.

Customs controlled warehouses helping curb smuggling, says MRA

Mar 07, 2024 Martha Chikoti 0 &

The Malawi Revenue Authority ( MRA) says the introduction of export warehouses has streamlined the process of monitoring and tracking farm produce exports thereby curbing the issue of smuggling of the farm produce. Head of… ...

Power outage irks Balaka residents

Mar 05, 2024 Macdonald Kaleso 0 &

Electricity Supply Corporation of Malawi (Escom) customers at Majiga 2 location in Balaka District have faulted the electricity supplier for failing to restore power to the area, two weeks after a faulty transformer caused power… ...

Martin Master win 2024 Old Mutual Mathematics Olympiad

Mar 04, 2024 Mike Lyson Zgambo 0 &

Lunzu Secondary School's Martin Master is the overall best performer of 2024 Old Mutual Mathematics Olympiad competition. This was announced at a prize presentation ceremony held at Mzuzu University on Saturday. As the best performer,… ...

Tobacco buyer Alliance One Tobacco Malawi (AOTM) is said to have evaded corporate income tax in Malawi in 2020 despite exporting tobacco worth over US$168 million dollars.

Alliance One said to have evaded tax in Malawi

Mar 03, 2024 Macmillan Mhone 0 &

Tobacco buyer Alliance One Tobacco Malawi (AOTM) is said to have evaded corporate income tax in Malawi in 2020 despite exporting tobacco worth over US$168 million dollars. This is according to a published report by… ...

llovo Sugar Malawi plc Board Chairperson Jimmy Lipunga, who was speaking to reporters on Thursday, 29 February, 2024 after the company’s 59th Annual General Meeting (AGM) at Ryalls Hotel in Blantyre, described the extension as counterproductive.

Illovo Sugar says 10% corporate tax on profits above K10 billion will discourage investments

Mar 02, 2024 Archangel Nzangaya 0 &

Illovo Sugar Malawi plc has complained that the introduction 10 percent corporate income tax for profits above MK10 billion will discourage investment spirit in the country. This comes as the Malawi government has in the… ...

Airtel Africa has launched Airtel Ads, Africa’s first integrated Demand-Side Platform

Airtel Africa launches Airtel Ads

Feb 29, 2024 Macmillan Mhone 0 &

Airtel Africa has launched Airtel Ads, Africa’s first integrated Demand-Side Platform (DSP) aimed at empowering advertisers and agencies to efficiently manage, purchase, and optimize digital ad inventory across multiple ad exchanges in real-time. Powered by… ...

CAMA asks CFTC to release names of traders who are hoarding sugar

Feb 29, 2024 Martha Chikoti 0 &

Consumer Association of Malawi (CAMA) has appealed to Competition and Fair Trading Commission (CFTC) to release names of traders that were found hoarding Sugar and being behind the high prices and scarcity of the commodity.… ...