Malawi Telecommunications Limited (MTL) and Access Malawi risk having their Licenses revoked if they fail to pay MACRA debt amounting to K3.3 billion.
Daud Suleman, Director General for Malawi Communications Regulatory Authority (MACRA) has told the Public Accounts Committee this afternoon that the two companies have already been engaged in discussions for them to pay their license fees but they are yet to do so.
Suleman has told the Committee that the two companies are owing MACRA a combined amount of K3.3 billion and the Authority has set May this year to conclude on this matter.
“The two should clear their debt because if they fail to do so, their licenses will be revoked,” Suleman has said.
He has also told the Committee that MTL’s license is already under renewal but MACrA hasn’t considered the renewal because of the debt.
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 BankChitera appointed Acting MD for FDH BankAfrica-Press – Malawi. The Board of Directors of Read more
Minister of Trade and Industry Mark Katsonga Phiri says the launch of the Pyxus Agriculture Limited Groundnut Processing Plant will Read more
Airtel Africa has sold its 723 towers in Malawi to Helios Towers, an independent telecommunications infrastructure company, for US$55 million Read more
Reserve Bank of Malawi has ordered Auction Holdings Limited to begin a mandatory sale of 30 percent of it's foreign Read more
The sale of Airtel Malawi’s telecommunications tower to London-based Helios Towers plc will help Airtel to improve and strengthen its Read more
A Mchinji based organization, Girls Activist Youth Organization (GAYO) has trained village savings loan groups locally known as Banki Mkhonde Read more
Malawi’s forex shortage is threatening operations in the airline business, creating uncertainty on the future of the industry, Business News Read more
Local tobacco producers are expressing fear that this year’s tobacco market will be affected by the recent fuel price hike. Read more
National Bank of Malawi (NBM) plc has registered a 52 percent after-tax profit of K34.21 billion for the year ending Read more
