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Friday, October 19, 2018

Malawi Govt Gets K5.6 Billion From Mining Sector - Activist Calls for Enactment of New Minerals Bill - allAfrica.com

Malawi Govt Gets K5.6 Billion From Mining Sector - Activist Calls for Enactment of New Minerals Bill - allAfrica.com: The Malawi government received over K5.3 billion from the mining sector in the 2015/2016 financial year, says the Malawi Extractive Industries Transparency Initiative (MWEITI) report for the year in question launched on Wednesday night in Lilongwe.

It was revealed during the launch that Raiply Malawi Limited, the company which processes timber products in Viphya Plantation, paid most of this tax.

This is the second MWEITI report since Malawi began subscribing to Extractive Industries Transparency Initiative (EITI) standards.

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