Monday, April 22, 2024

Malawi’s Finance Minister Chithyola-Banda Unveils ‘Four F Strategy’ to Boost Economy

Simplex Chithyola

The newly appointed Minister of Finance and Economic Affairs, Simplex Chithyola Banda, has expressed his commitment to serving in his current role as Minister of Finance. He has introduced a strategy known as the ‘Four F Strategy,’ which focuses on addressing four critical challenges currently facing the Malawi economy: Forex, Fuel, Food, and Fertilizer.

Minister Chithyola-Banda made these remarks during a familiarization tour of the Malawi Revenue Authority (MRA) in Blantyre. He expressed confidence in the MRA’s personnel, stating that he believes they possess the expertise to meet his expectations. Furthermore, he conveyed his optimism that the Malawi Revenue Authority has the potential to exceed its existing revenue targets, asserting, “MRA can potentially triple its current revenue collection.”

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