Month: May 2016 Posts

Malawians hit with extra tax burden

May 27, 2016 Luke Bisani 21 &

Malawians are to dig deep in their pockets to pay taxes as Malawi Revenue Authority (MRA) is expected to collect K748 billion for the 2016/17 budget. Malawi Minister of Finance Goodall Gondwe said the budget… ...

Malawi Budget: Largest share goes to Agriculture Ministry

May 27, 2016 Richard Jimu 30 &

The Ministry of Agriculture, Irrigation and Water Development  has gotten the largest share of the 2016/17 proposed budget, Minister of Finance Goodall Gondwe has confirmed. Gondwe who is now presenting the budget disclosed that  The… ...

No salaries for Malawi Civil Servants in May

May 27, 2016 Aubrey Makina 508 &

The Ministry of Finance has bad news for civil servants in Malawi: there is no salary for them in the month of May. According to a statement signed by Secretary in the ministry of finance,… ...

Mutharika, Goodall contradict on Chinese funding

May 23, 2016 Malawi24 Reporter 9 &

Malawi President Peter Mutharika and his minister of finance Goodall Gondwe have contradicted each other on the source of funding for a major energy project. The $600 million Kam’mwamba Coal Fired Power Project is among… ...

Malawi Hunger: Govt spending sleepless nights

May 20, 2016 Richard Jimu 11 &

In its quest to deal with the apparent hunger situation, the Malawi government has chosen to let the 2016/2017 budget give a special focus towards the situation which it has ironically been saying is not existent… ...

Malawi impresses IMF: loan programme extended to end June

May 17, 2016 Macmillan Mhone 1 &

The International Monetary Fund (IMF) has approved an extension of Malawi’s arrangement under the Extended Credit Facility (ECF) to end of June. According to a press release by the IMF, the extension will provide additional… ...

Malawi economic growth dreams die

May 12, 2016 Luke Bisani 7 &

Malawi's finance minister Goodall Gondwe is yet to withdraw his remarks made in Parliament where he said the country will have 6 percent of economic growth in the 2015/16 fiscal year. Gondwe is on record… ...