Month: January 2022 Posts

Chakwera fires Malawi Finance Minister

Jan 28, 2022 Mwayi Mkandawire 1 &

President Lazarus Chakwera has fired Felix Mlusu as Minister of Finance and has taken away Economic Planning from a portfolio held by Vice President Saulos Chilima. The Vice President used to be Minister of Economic… ...

Muneneze mabanki omwe akukudulani ndalama – Mlusu

Nov 03, 2021 Archangel Nzangaya 0 &

Boma kudzera kwa nduna ya zachuma a Felix Mlusu lati anthu omwe akudulidwa ndalama zawo ku mabanki mu dzina la VAT, akanene ku banki ya Reserve kuti ndalama zawo zonse zibwezedwe. A Mlusu amayankhula izi… ...

Tonse showing no sense of urgency in addressing economic crisis – Analyst

Oct 30, 2021 Mwayi Mkandawire 1 &

A social commentator says the Tonse Alliance Government has not shown any sense of urgency both in providing leadership and assuring Malawians that the current economic crisis is being addressed. The analyst, Kondwani Bell Munthali,… ...

Chakwera wants Malawians to pay import duty in advance

Jun 30, 2021 Malawi24 Reporter 0 &

The ride to Canaan continues to be bumpy as President Lazarus Chakwera and his Tonse Alliance administration wants to make Malawians pay import duty in advance. Minister of Finance Felix Mlusu on Wednesday in Parliament… ...

ECAMA concerned over viability of duty-free week

Jun 07, 2021 Malawi24 Reporter 0 &

Economics Association of Malawi (ECAMA) says the duty-free week which will be introduced in the 2021/22 financial year  will  stifle local production as it promotes imports and will see government losing revenue. ECAMA raised its… ...

Malawi increases tax on the rich  

May 28, 2021 Martha Chikoti 0 &

Malawi has increased tax on the rich, with Minister of Finance Felix Mlusu saying the measure will promote distribution of wealth in the country. Mlusu presented the 2021/22 budget this afternoon at Parliament in Lilongwe… ...

Experts urge Mlusu, Chilima to tap economic knowledge from Goodall Gondwe

Apr 15, 2021 Thula Chisamba 0 &

Economic experts in Mzuzu have urged Minister of Finance Felix Mlusu and Minister of Economic Development Saulos Chilima, who is also Malawi Vice President, to tap knowledge from economic legend Goodall Gondwe. Speaking in an… ...

Boma lichotsa msonkho pa njinga zamoto

Mar 16, 2021 Archangel Nzangaya 0 &

Boma la Malawi lalengeza kuti posachedwapa lichotsa msonkho omwe anthu amapeleka akagula ndikulowetsa mdziko muno njinga za moto kuchokera m'maiko akunja. Izi ndi malingana ndi nduna ya zachuma a Felix Mlusu omwe amayankhula kunyumba ya… ...

Finance committee concerned over Govt borrowing

Mar 06, 2021 Malawi24 Reporter 0 &

Budget and Finance Committee of Parliament has expressed concern over the rise in domestic borrowing, saying it is risky, consumptive and overburdening. Chairperson Gladys Ganda made the remarks in Parliament on Thursday when she was… ...

DPP warns Malawians to brace for tougher times ahead

Mar 02, 2021 Mwayi Mkandawire 0 &

The Democratic Progressive Party (DPP) says Malawians should brace for tougher times ahead as the government is failing to generate enough forex reserves and the Kwacha is depreciating against major currencies. DPP spokesperson on Finance… ...

Free electricity and water connection pushed to next financial year

Feb 27, 2021 Mwayi Mkandawire 0 &

Minister of Finance Felix Mlusu says Tonse Alliance Government expects to fulfill the free electricity and water connection promise during the 2021/22 financial year. The Tonse Alliance led by Dr Lazarus Chakwera promised remove fees… ...

Malawi Budget revised to K2.3 trillion

Feb 26, 2021 Martha Chikoti 0 &

The 2020/2021 National budget has been revised upwards from K2.190 trillion to K2.334 trillion, with Finance Minister Felix Mlusu mentioning Covid-19, re-administration of exams and election case legal costs as factors for the increase. Mlusu… ...

Finance Minister Felix Mlusu gives MRA K150 billion monthly target

Nov 17, 2020 Malawi24 Reporter 0 &

Finance Minister Felix Mlusu has given the revenue collection body, the Malawi Revenue Authority (MRA), a K150 billion monthly collection target during the 2020/2021 fiscal year. Speaking to reporters in Blantyre on Monday after touring… ...

30% of IMF aid will be siphoned to 2021 financial budget

Oct 23, 2020 Sibu M. Mokoena 0 &

30% of the $102 million aid that the International Monetary Fund dedicated to Malawi will be directed towards the 2021 financial budget in order to shore up the issues caused by the recent pandemic. The… ...

Parliament approves K57 billion loan for watershed project

Oct 21, 2020 Martha Chikoti 0 &

Parliament on Tuesday approved the borrowing of K57 billion for the Malawi Watershed Services Improvement Project. International Development Association (Malawi Watershed Services Improvement Project) Loan (Authorization) bill will allow government through the minister of Finance… ...