Malawi Scraps 1% Withholding Tax on Mobile-Money Transactions - Bloomberg: Malawi abandoned plans to introduce a 1% withholding tax on mobile-money transactions after criticism from the country’s main operator, lawmakers and a consumer-rights organization.
Business and Economic News from Malawi
Tuesday, October 8, 2019
Hylea acquisition provides leverage to next uranium cycle
Hylea acquisition provides leverage to next uranium cycle: Hylea Metals Ltd (ASX:HCO) has come a long way in the last three months, having changed direction with the acquisition of a 65% stake in a high-grade uranium project in Africa.
This mine has an established resource and has previously delivered strong production.
It would appear that the investment community has realised the potential of this asset with Sachem Cove Specialty Opportunities Fund LP emerging as a substantial holder on Monday with a stake of 5.15%.
This mine has an established resource and has previously delivered strong production.
It would appear that the investment community has realised the potential of this asset with Sachem Cove Specialty Opportunities Fund LP emerging as a substantial holder on Monday with a stake of 5.15%.
Malawi: Mwanamvekha Withdraws 1 Percent Mobile Money Tax - As Tnm Raises Concerns - allAfrica.com
Malawi: Mwanamvekha Withdraws 1 Percent Mobile Money Tax - As Tnm Raises Concerns - allAfrica.com: Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has bowed down to public pressure and announced withdraw of the proposed one percent withholding tax on non-bank mobile money transactions.
Mwanamvekha made the announcement in his 2019/20 Budget Debate winding up statement in Parliament in Lilongwe on Monday evening.
Mwanamvekha made the announcement in his 2019/20 Budget Debate winding up statement in Parliament in Lilongwe on Monday evening.
Saturday, October 5, 2019
Trade balance to widen in 2019 – The Nation Online
Trade balance to widen in 2019 – The Nation Online: Trade balance to widen in 2019
Malawi’s trade balance—the difference between the value of a country’s imports and its exports— is projected to worsen by 16.4 percent� this year, figures from the latest Annual Economic Report show.
This is in contrast to an improved trade balance which the country recorded last year to $1.42 billion (about K1 trillion) from $1.31 billion (about K 970 billion
Malawi’s trade balance—the difference between the value of a country’s imports and its exports— is projected to worsen by 16.4 percent� this year, figures from the latest Annual Economic Report show.
This is in contrast to an improved trade balance which the country recorded last year to $1.42 billion (about K1 trillion) from $1.31 billion (about K 970 billion
‘Income per person could decline by 21%’ – The Nation Online
‘Income per person could decline by 21%’ – The Nation Online: The International Food Policy Research Institute (IFPRI) says total income per person could decline by 21 percent if no advances in yield potential are taken up on-farm or if no further closure occurs in yield gaps.
According to a study titled Effect of Changes in Population Density and Crop Productivity on Farm Households in Malawi by Adam Komarek and Siwa Msangi, IFPRI observes that potential exists to attain modest gains for households if rural population growth slows, yield potential increases, and yield gaps close.
According to a study titled Effect of Changes in Population Density and Crop Productivity on Farm Households in Malawi by Adam Komarek and Siwa Msangi, IFPRI observes that potential exists to attain modest gains for households if rural population growth slows, yield potential increases, and yield gaps close.
Trade balance to widen in 2019 – The Nation Online
Trade balance to widen in 2019 – The Nation Online: Trade balance to widen in 2019
Malawi’s trade balance—the difference between the value of a country’s imports and its exports— is projected to worsen by 16.4 percent� this year, figures from the latest Annual Economic Report show.
This is in contrast to an improved trade balance which the country recorded last year to $1.42 billion (about K1 trillion) from $1.31 billion (about K 970 billion
Malawi’s trade balance—the difference between the value of a country’s imports and its exports— is projected to worsen by 16.4 percent� this year, figures from the latest Annual Economic Report show.
This is in contrast to an improved trade balance which the country recorded last year to $1.42 billion (about K1 trillion) from $1.31 billion (about K 970 billion
Dry towns sitting on water vaults – The Nation Online
Dry towns sitting on water vaults – The Nation Online: A rush to the rivers below the country’s drying towns bares new promising groundwater levels, our Staff Writer JAMES CHAVULA writes.
When taps in Balaka town run dry a year ago, residents endured lengthy queues for trickles from water bowsers and boreholes where lofty stacks of buckets became familiar sigh
When taps in Balaka town run dry a year ago, residents endured lengthy queues for trickles from water bowsers and boreholes where lofty stacks of buckets became familiar sigh
Thursday, October 3, 2019
Nine countries join U.S. strategic minerals initiative | Financial Post
Nine countries join U.S. strategic minerals initiative | Financial Post: Nine countries join U.S. strategic minerals initiative
Reuters
September 26, 2019
The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world’s reliance on China for the high-tech materials.
Secretary of State Mike Pompeo on Thursday met with foreign ministers from the nine countries on the sidelines of the United Nations General Assembly in New York.
Reuters
September 26, 2019
The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world’s reliance on China for the high-tech materials.
Secretary of State Mike Pompeo on Thursday met with foreign ministers from the nine countries on the sidelines of the United Nations General Assembly in New York.
Tuesday, October 1, 2019
Treasury sees fiscal pressure on budget – The Nation Online
Treasury sees fiscal pressure on budget – The Nation Online: Ministry of Finance, Economic Planning and Development says statutory expenditures, especially salary and wages, interest payments and domestic debt, could exert pressure on the 2019/20 National Budget.
The 2019 Economic Fiscal Policy Statement published by Ministry of Finance, Economic Planning and Development says that over the years, statutory expenditures have exerted pressure on the budget, with the growth translating into under-provision for operational expenses for ministries, departments and agencies (MDAs)
The 2019 Economic Fiscal Policy Statement published by Ministry of Finance, Economic Planning and Development says that over the years, statutory expenditures have exerted pressure on the budget, with the growth translating into under-provision for operational expenses for ministries, departments and agencies (MDAs)
Monday, September 30, 2019
Macadamia nuts farmers get K3bn boost from IFC – The Nation Online
Macadamia nuts farmers get K3bn boost from IFC – The Nation Online: macadamia nuts farmers in Malawi are expected to get a $4 million (about K3 billion) boost for their farming business through Global Tea and Commodities Limited project.
The money, which will come from the World Bank’s private sector financing arm, International Finance Corporation (IFC), seeks to help expand macadamia nuts processing operations in Malawi, the world’s seventh largest producer of the cro
The money, which will come from the World Bank’s private sector financing arm, International Finance Corporation (IFC), seeks to help expand macadamia nuts processing operations in Malawi, the world’s seventh largest producer of the cro
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