For starters, the country’s sole tax administration agency otherwise known as Malawi Revenue Authority (MRA) was established by an Act of Parliament in 1998 and was launched in February 2000 to enhance capacity for economic growth in the country. Among its vast responsibilities is the legal and moral mandate it has of ensuring that it […]
On Sunday, 4 March 2012, shortly after George Mnesa, MP, revealed in the National Assembly that the Malawi Revenue Authority (MRA) figures were fake, and Khwauli Msiska MP moved a motion for the matter to be investigated, here is what I wrote, which I reprise in its entirety: As the story goes, so we are […]
The Youth Association for Democracy (YADEMA) has followed with keen interest the developments surrounding the borrowing of K15 Billion by the Malawi Revenue Authority. From what we have gathered, the following comes out clear. A. IN RESPECT OF THE COMMISSIONER GENERAL OF MRA The law in S. 20(5)(b) of the Malawi Revenue Authority Act allows […]
Former Malawi finance minister Friday Jumbe has said Ken Lipenga credibility as the country’s purse keeper has been badly damaged following revelations that tax collecting body borrowed money to present a picture that the late president Bingu wa Mutharika’s experimental Zero-Deficit Budget (ZDB) was working. Legislature George Nnesa revealed in National Assembly that the Malawi Revenue Authority […]
Malawi’s vocal Civil Society Organizations have unequivocally demanded that Finance Minister Ken Lipenga and Malawi Revenue Authority (MRA) boss Lloyd Muhara spare themselves the embarrassment by voluntarily resigning from their respective posts with immediate effect. Lipenga admitted the revenue authority borrowed K15 billion to paint a picture that the late Bingu wa Mutharika’s initiative–Zero Deficit […]
Malawi Finance Minister Dr Ken Lipenga says he does not see any basis on chorus calls for him to resign after he admitted that Malawi Revenue Authority (MRA) borrowed K15 billion to paint a picture that the late Bingu wa Mutharika handwork –Zero Deficit Budget – was working. Deceased Mutharika introduced the Zero-Deficit Budget after […]
Malawi Leader of Opposition John Tembo has said Finance Minister Ken Lipenga should step down for willfully misleading parliament over the state of the economy during the mid-term budget review. Parliamentarian George Nnesa accused the finance minister of deception after Lipenga said the Malawi Revenue Authority (MRA) collected more than projected revenues of $60million. Nnesa […]
After Minister of Finance Ken Lipenga conceded that Malawi Revenue Authority (MRA) cooked up figures on revenue collection to impress Malawians that the zero-deficit budget was on track, the Peoples Progressive Movement (PPM) of Mark Katsonga has joined Malawians in telling the Minister to stop lying and honourably resign. In a statement released on Thursday, […]
From Parliaments Hansard: Thursday 16th February, 2012: The First Deputy Speaker: Thank You. Honourable Member for Balaka South. Hon Mnesa (MAFUNDE-Balaka South): Thank you very much, Mr. First Deputy Speaker, Sir, for giving me the opportunity to contribute towards the speech that the Minister of Finance and Development Planning made on 10th February, 2012. In his deliverance […]
As pressure continues to mount on Malawi’s Finance Minister Ken Lipenga to resign following his own confession that he lied to Malawians during the midterm budget review earlier this year where he told parliament that the Malawi Revenue Authority (MRA) collected above the projected revenue of K115 billion, he has mounted his defence campaign from […]
Did he say it? Didn’t he say it? Did he mean it? He was simply reporting what he received in the desk tray. Now, let’s distinguish facts from opinions. Let’s begin by considering a fact defined as something said to have happened or supposed to be true. Still, lets divide them into three kinds of […]
Malawians from all walks of life have asked the country’s Minister of Finance Dr Ken Lipenga to resign honourably from his position with immediate effect. This follows the minister’s own confession on Tuesday that he lied to the nation in the National Assembly earlier this year that the tax collection body-the Malawi Revenue Authority (MRA) […]
Malawi’s Minister of Finance Ken Lipenga Has made a shocking admission that the Malawi Revenue Authority (MRA) borrowed money from local commercial banks to give an impression that revenue collection was impressive in the first half of the financial year had basis. Late President Bingu wa Mutharika told parliament in February that domestic revenue amounted to about K120 […]
Malawi leader Mrs. Joyce Banda has faced rare criticism from some experts following her public declaration that Malawi kwacha would be devalued. The experts told newly launched The Business Times newspaper of Times group that such pre-emption could create panic resulting in parallel market taking advantage of the situation. Dalitso Kubalasa of Malawi Economic Justice Network (Mejn) […]
Malawi’s finance minister Ken Lipenga expects suspended international aid to be restored under its new president, Joyce Banda, helping prop up a budget increasingly under strain after the previous president picked fights with overseas donors, Reuters reported. According to the Reuters report, Lipenga on Monday said former President Bingu wa Mutharika, who died on Thursday […]
The World Bank said Thursday it had offered Malawi a plan to help turn around the troubled economy of the southern African nation. “We have presented a comprehensive package with all necessary measures to help the Malawi economy,” Marcelo Giugale, leader of a Bank delegation, told reporters in the main city Blantyre. Giugale, the Bank’s […]
Airtel Malawi on Wednesday launched a mobile money service called “Airtel Money Transfer”, a mobile money platform that provides Malawians an opportunity to pay for utilities, top up their airtime and money transfer service. The service started as a pilot in a few districts of the country and will be rolled out nationwide. Airtel Malawi […]
Malawi’s economic growth slowed more than expected to 6.0 percent last year, partly due to higher fuel prices and reduced income from lower tobacco prices, Finance Minister Ken Lipenga said on Thursday. The rate of growth was lower than government’s initial forecast of 6.9 percent after a 7.1 percent rise in 2010. “In the face […]