Monday, February 6Malawi's top news source
Shadow

Chingeni, Kalinyeke Toll Plaza Generate k4.2 Billion

By Malawi Freedom Network

The Roads Fund Administration (RFA) has disclosed both the Chingeni toll plaza in Ntcheu and Kalinyeke tollgate in Dedza along the Lilongwe-Blantyre M1 road have generated a combined 4.2 billion kwacha as of 31 December, 2022 over a year the country commenced road tolling in November 2021.

Speaking to Malawi Freedom Network Online Wednesday, RFA spokesperson, Masauko Mngwaluko has attributed this performance to compliance of motorists in embracing road tolling.

Governance commentator, Willy Kambwandira says it is high time the M1 road,which is in bad shape, started benefiting from the toll funds now.

According to previous projections from the RFA before the toll fees were revised, the two facilities were expected to be raising about five billion kwacha annually.

Related News
Felix Chitera Head of Alternate Channels

Felix is the Head of Channels at MyBucks since April, 2020. He is responsible for the digital channels and agency Read more

Chitera appointed Acting MD for FDH Bank

Chitera appointed Acting MD for FDH BankChitera appointed Acting MD for FDH BankAfrica-Press – Malawi. The Board of Directors of Read more

Katsonga Launch Pyxus Agriculture Limited Groundnut Processing Plant

Minister of Trade and Industry Mark Katsonga Phiri says the launch of the Pyxus Agriculture Limited Groundnut Processing Plant will Read more

Airtel sells its towers in Malawi for over K45 billion

Airtel Africa has sold its 723 towers in Malawi to Helios Towers, an independent telecommunications infrastructure company, for US$55 million Read more

AHL To Sell 30% Foreign Exchange To RBM

Reserve Bank of Malawi has ordered Auction Holdings Limited to begin a mandatory sale of 30 percent of it's foreign Read more

Airtel Malawi’s Telecommunications Tower Sold To London-based Helios Towers Plc

The sale of Airtel Malawi’s telecommunications tower to London-based Helios Towers plc will help Airtel to improve and strengthen its Read more

Banki Mkhonde women trained in business management

A Mchinji based organization, Girls Activist Youth Organization (GAYO) has trained village savings loan groups locally known as Banki Mkhonde Read more

Forex Shortage Hit Airline Business Operations

Malawi’s forex shortage is threatening operations in the airline business, creating uncertainty on the future of the industry, Business News Read more

Fuel Hike To AAffect Tobacco Market

Local tobacco producers are expressing fear that this year’s tobacco market will be affected by the recent fuel price hike. Read more

News To Read

Leave a Reply

Your email address will not be published. Required fields are marked *