Tobacco farmers have expressed disappointment with the time it is taking to have their accounts credited after sales, saying the delay is affecting their livelihoods. Despite the current Tobacco Industry Act not specifying the period within which banks should make payments to farmers, AHL Group, formerly Auction Holdings Limited, facilitates the payments within 24 hours.
The Bankers Association of Malawi (BAM) has protested the introduction of 40 percent corporate tax on annual profit above K10 billion, saying they feel banks are being punished for doing something positive to the economy. BAM’s reaction follows Minister of Finance and Economic Affairs Sosten Gwengwe budget winding up statement in Parliament in Lilongwe on
Reserve Bank of Malawi (RBM) executive director for corporate services Mercy Kumbatira has advised women business leaders to inspire positive change in their respective workplaces to enhance the country’s development. She said this on Thursday in Blantyre during the third Institute of Bankers Women’s Conference held under the theme ‘Women for transformational leadership’. Kumbatira observed