forex Archives

NOCMA defends single-source fuel supply deal amidst probe

Oct 16, 2024 Malawi24 Reporter 0 &

The National Oil Company of Malawi (NOCMA) has come under scrutiny over its decision to award a single-source fuel supply contract to Sheikh Ahmed Bin Faisal Al Qasimi (HH) to mitigate an impending fuel shortage. … ...

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,… ...

Self Help Africa admits challenges in project implementation

Apr 05, 2024 Mike Lyson Zgambo 0 &

Self Help Africa (SHA), says the unstable availability of Forex, fuel, low water table, and hard-to-reach areas are the challenges that hampered the implementation of Dowa Integrated WASH (DIWASH) -Phase 5 in the district. DIWASH… ...

Cannabis will help Malawi boost its foreign, and domestic revenue collection, says Chimwendo-Banda

Mar 29, 2024 Chikondi Daza 0 &

Minister of Local Government, Unity, and Culture, Richard Chimwendo Banda, who is also Leader of the House in Parliament, has indicated that the passing of Private Members Bill No.1 of 2024, also known as the… ...

Malawian Jamison Kupatamoyo says he will return home once a year for a holiday

Malawi yapeza US$2m kuchokera ku Israel

Mar 14, 2024 Peter Mavuto 0 &

Dziko la Malawi lapeza ndalama zokwana US$2 miliyoni (pafupipafupi 3.4 biliyoni Malawi Kwacha) kuchokera ku dziko la Israel kudzera mwa nzika za dziko lino zimene zikugwira ntchito m'dzikolo. Malinga ndi nduna ya zachuma a Simplex… ...

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… ...

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… ...