Malawian Firm relocates To DR Congo

A Lilongwe-based beverage manufacturer, RIM Industries Limited, is relocating to Democratic Republic of Congo (DRC) due to failure by authorities to offer it tax waivers.

The company’s Director, Ali Ahmad said his company will relocate to DRC because the operating environment is not stable and that Malawi Revenue Authority (MRA) refused to give tax exemptions to some products.

He said MRA is charging 10 percent excise on carbonated drinks and five percent on water, a development he said is increasing operating costs.

REAM Calls For Waivers On Energy Products

The Renewable Energy Industries Association of Malawi (Reama) has urged the authorities to bring back the Barrier Removal to Renewable Energy in Malawi (Barrem) project inorder to protect consumers from fake solar products.

Reama President, Andrew Nkoloma said government removed import duty, thus excise and surtax, but to only certified distributors.

“This was a way of trying to promote the renewable energy sector. Later on, the government opened up the market for everybody and introduced Value Added Tax on the products.

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Employment Type: Full-time
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