Malawi regulator cancels Mount Meru petroleum importation licence
The Malawi Energy Regulatory Authority (MERA) has blocked one of the fuel importers in Malawi, Mount Meru Petroleum Company, orders it to stop operate its services in the country.
A statement released signed by MERA’s acting Chief Executive Officer, Ishmael Chioko, alleges that Mount Meru Petroleum Company has failed to remit levies to the revenue collector, as per the law.
The statement says that the decision to bloke Meru was made at an extra ordinary meeting in March this year, after the company’s servises were contrary to the laws of the country, especially on fuel imports.
“Kindly be informed that the board of Malawi Energy Regulatory Authority (MERA) at its 35th extra ordinary meeting held on 24th March 2017, resolved that the importation license granted to Mount Meru Petroleum Company Limited, be suspended,” reads part of the statement.
“This is because the company has failed to remit levies as required by the law. Mount Meru Petroleum Company was accordingly informed of this decision.”
MERA further advised Mount Meru may resume to import fuel into the country, after its license is reinstated.
Mount Meru is also operational in Tanzania, Uganda, Zambia, Rwanda and Kenya.Follow and Subscribe Nyasa TV :
Its time Malawians work up from their slumper. Why are we giving these Asians a lot of business? Look at their vehicles for a newly established company in Malawi, they leave a lot to be desired. These so called Asian businessman are never interested in development of our country in terms of infrastructure or the economy as a whole. They are busy syphoning money out of the country through payment of dubious invoices whose goods are never brought into this country at all yet we keep giving them opportunities and kids glove at the expense of indegenous people who will… Read more »
“Block” not “bloke”. The title screams “cancels” but the story says “suspends” …. Proofreading zero?
A Thom chiumia ikuwavuta ntchito yopanga proof read. Ali busy kukwata azungu ndi mahule pa london.