Email a copy of 'Forex externalization disheartens Reserve Bank of Malawi governor: Warns ‘black market’' to a friend
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Email a copy of 'Forex externalization disheartens Reserve Bank of Malawi governor: Warns ‘black market’' to a friend
UTM Party deputy national security director Arthur Bito, who was arrested on suspicion of assaulting a Malawi Electoral Commission (MEC)...
START LEVYING TAX ON MANAGEMENT FEES OF MAJOR CORPORATIONS THAT USE SUCH EXPENDITURES TO SIPHON THIS HARD EARNED CASH FROM MALAWI.APPLY A 50% TAX RATE ON SUCH MANAGEMENT FEES. For those companies that practice transfer pricing, slap them with a 300% TAX RATE.
Governor, you do need to spearhead a few issues which should include the following: 1.Stop allowing Chinese who keep money in roofs of their houses which they end up externalizing back to China; 2.From now onwards, revoke all Bureau business licenses that you have issued to foreigners because they don’t have Malawi’s interest at heart. Give those licenses to Malawians. 3.Immigration should stop allowing PAKISTANIS to use Malawi as their base for their onward migration to South Africa. These Pakistanis are also using these funds they externalize to finance TERRORISM back in their country. 4.All bankers that are in cahoots… Read more »
Forgive and forget, and God will bless you.
Kabambe knows the people involved in this so called black market and where they do it as it is done openly, but nothing happens So, why why keep on barking other than taking action? So the police is there to arrest opposition politicians?
There is no provision or comment in the report on what a person who has knowledge of companies involved in such malpractices should do. No direction whatsoever. No numbers or addresses provided for the public to know and alert the relevant authorities. We normally see this kind of thing in Malawi. Authorities appear to take a stance against something but do not have the political will or initiative to stop the evil practices, case in point, the killing of albinos.
But you are the people helping these criminal.
Dalitso there are big players involved in externalising forex but as is usually the case in Malawi you will go for small fish. but also as a nation we are busy talking about the problems noone is aggressively identifying and tackling solutions. is it deliberate Malawian attitude or we love singing the same song over and over .