Month: April 2022 Posts

Malawi Govt backs Lake Malawi Water Project financier

Apr 04, 2022 Malawi24 Reporter 0 &

Malawi Government through the Ministry of Finance has expressed support for Quay Energy Corp (Australia) Pty Ltd, the financier of the Lake Malawi water project amid concerns that the company expected to help Malawi secure… ...

Chilima traveling to USA with 40 delegates

Apr 03, 2022 Archangel Nzangaya 0 &

Malawi's vice president Dr Saulos Chilima is this month slated to attend the United Nations Economic and Social Council Forum for Financing Development and he will be accompanied by 40 delegates. According to a document… ...

Employers association applauds govt for ‘ambitious’ budget

Mar 01, 2022 Archangel Nzangaya 0 &

The Employers Consultative Association of Malawi (ECAM) has commended the Malawi government for what it has described as an 'ambitious' 2022/2023 National Budget. This is according to ECAM's response to the 2022/2023 National Budget which… ...

Malawi Govt increases CDF to K100 million

Feb 19, 2022 Martha Chikoti 0 &

Government has increased Constituency Development Fund (CDF) from K40 million to K100 million for each of the 193 constituencies in Malawi. Minister of Finance Sosten Gwengwe announced the increase in Parliament yesterday, attracting cheers from… ...

Malawi Finance Minister presents K2.84 trillion Budget

Feb 18, 2022 Mike Kalumbi 0 &

Minister of Finance and Economic Affairs Sosten Gwengwe has presented the 2022/2023 national budget estimated at K2.84 trillion, representing 24 percent of the Gross Domestic Product (GDP), up from last fiscal year’s K2.2 trillion. Total… ...

Govt removes VAT on cooking oil

Feb 18, 2022 Martha Chikoti 0 &

Malawi Government has removed Value Added Tax (VAT) on cooking oil and Minister of Finance Sosten Gwengwe says government expects the price of the commodity to go down. Gwengwe made the statement at Parliament Building… ...

Malawi, African Development Fund signs K11.7 billion grant agreement

Feb 13, 2022 Malawi24 Reporter 0 &

The African Development Fund (ADF) and the Government of Malawi have signed a $14.2 million (K11.7 billion) grant agreement for Malawi to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.… ...