Malawi finance minister Goodal Gondwe unveils punitive national budget; VAT introduced on sugar, salt, bread and soap - The Maravi Post

Malawi finance minister Goodal Gondwe unveils punitive national budget; VAT introduced on sugar, salt, bread and soap - The Maravi Post: LILONGWE (Maravi Post)—Malawi Finance Minister Goodall Gondwe on Friday unveiled a MK1.2 trillion national budget up from K917 billion which has seen social analysts describing it as a punitive package due to the introduction of taxes-Value Added Tax (VAT) on essential commodities for the rural people whose income still remain less than a dollar a day.

Cement output cut by over 50% | The Times Group

Cement output cut by over 50% | The Times Group: A slow-down in economic activities has forced a reduction in cement production by close to 50 percent as players in the sector engage survival tactics in order to remain sustainable in the long-term

UK’s GHE to establish US$300m solar project | The Times Group

UK’s GHE to establish US$300m solar project | The Times Group: Greenheart Energy (UK) Limited (GHE) has pledged to invest over US$300 million in Malawi’s energy sector and the investment will include the establishment of three solar power plants, one for each region of the country.

GHE expressed interest to enter the Malawi market during last year’s Africa Global Summit which was held in London in December and a Memorandum of Understanding between the government and the company was signed on January 29, 2016.