Month: June 2022 Posts

Chakwera uses K0.3 billion on Switzerland trip

Jun 01, 2022 Mwayi Mkandawire 0 &

President Lazarus Chakwera spent K300 million on his trip to Switzerland and Equatorial Guinea, government has said. The Ministry of Finance revealed the figures yesterday when Chakwera held a press briefing at State House to… ...

Quay Energy is a bogus company established to defraud Malawi: Government plans to pay K1 billion every month for 25 years

Apr 06, 2022 Malawi24 Reporter 0 &

Social media commentators have described Quay Energy as a "bogus company" with the sole purpose of defrauding the Malawi government through the Salima-Lilongwe Water Project. The company, social commentators have found, will be pocketing K1… ...

Budget and Finance Committee wants Govt to reduce PAYE bracket

Mar 10, 2022 Mike Kalumbi 0 &

The Parliamentary Cluster committee on Budget and Finance has asked the Ministry of Finance to consider reducing the Pay As You Earn  (PAYE) bracket in order to accommodate civil servants, arguing that most of them… ...

Tonse troubles: UK cuts Malawi aid by half

Sep 29, 2021 Lindiwe Sambalikagwa 0 &

The United Kingdom (UK) has reduced by over half the amount of aid which it provides to Malawi. UK gives Malawi £52 million (about K57 billion) per annum but the amount has now been cut… ...

Cooking Oil manufacturing companies to retrench workers

Mar 25, 2021 Andrew Cane Chilapondwa 0 &

Edible Cooking Oil Association of Malawi (ECOAM) has announced that cooking oil companies will start retrenching workers due to the financial loss arising from government's decision to uphold a 16.5% Value Added Tax (VAT) on… ...

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… ...

Covid-19 enumerators complain over pay

Oct 08, 2020 Cyrus Bengo 0 &

Enumerators hired by Ministry of Finance to conduct survey on Covid-19 Urban Cash Intervention (CUCI) have complained that they have not been paid their money. The project is funded by Deutsche Gasellschaft fur International GIZ.… ...

Malawi Minister of Finance presents K2.2 trillion budget

Sep 11, 2020 Martha Chikoti 0 &

Minister of Finance Felix Mlusu on Friday morning presented a K2.2 trillion, with the highest allocation going to the Ministry of Education. The 2020/21 budget is about 30.6 percent of the country’s GDP and represents… ...

Chilima wants punishment for officers who ignore public finance management guidelines

Aug 06, 2020 Mwayi Mkandawire 0 &

Vice President Saulos Chilima says the government should punish Controlling Officers who fail to adhere to public finance management guidelines. Chilima made the remarks on Wednesday during a meeting with Minister of Finance Felix Mlusu… ...

Implementation of K100,000 tax free band delayed

Jul 07, 2020 Mike Lyson Zgambo 0 &

The Ministry of Finance says the K100, 000 tax free band will not become effective this month. This is according to the press release signed by Peterson Ponderani who is Acting Secretary to the Treasury.… ...

Malawi Finance Minister presents K2 trillion budget

Jun 12, 2020 Mwayi Mkandawire 0 &

…  Says budget cuts inevitable Malawi’s Minister of Finance Joseph Mwanamvekha on Friday presented a K2 trillion 2020/21 budget but warned that government will face challenges in revenue mobilisation due to the Covid-19 pandemic hence… ...

Malawi gets K18 billion from EU

Nov 25, 2019 Mwayi Mkandawire 0 &

The European Union (EU) has given Malawi €22 million (about K18 billion) to support government’s efforts to improve the transparency and accountability in the use of public funds. The funds will support Public Finance Management… ...

Over one million Malawians face hunger

Oct 03, 2019 Mwayi Mkandawire 0 &

More than one million Malawians are at risk of starvation this year, government says. In a statement today, Cliff Chiunda, Secretary to Treasury in the Ministry of Finance, Economic Planning and Development said the affected… ...

Mwanamvekha presents K1.7 trillion budget

Sep 09, 2019 Mwayi Mkandawire 0 &

Minister of Finance, Economic Planning and Development Joseph Mwanamvekha on Monday presented a K1.7 trillion budget which he hopes will deliver inclusive growth, infrastructure development and economic empowerment for a  majority of Malawians. In the… ...

Mwanamvekha welcomes pre-budget suggestions

Jul 24, 2019 Martha Chikoti 0 &

Minister of Finance, Economic planning and Development Joseph Mwanamvekha says his ministry is ready to get proposals from Malawians on the 2019/2020 budget. Mwanamvekha made the remarks at Bingu International Conference Centre (BICC) in Lilongwe… ...