In an interview, Misalico General Secretary Frank Harawa said investors were uncertain on how the tax would be calculated, considering that some invested long ago on the basis that they would not be taxed on the profits made.
“It is now a law but we are still not sure about how it is going to be implemented because there are a lot of areas that need to be clarified.
“We invested knowing what would not be taxed and the question is: Will they tax the gains made before the tax was introduced? That would not be fair and this scares away investors when the capital market needs to attract more investors,” Harawa said.
MSE slowed down towards the end of 2025 as the surge in capital gains reversed on some counters, with investors saying this was a response to the capital gains tax introduced in November last year.
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Investors and experts say the tax has now positioned the country poorly, making Malawi a less profitable destination to invest in stocks compared to regional peers, where similar gains remain tax-free or attract lower rates.
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Bakhresa Malawi Limited is investing in a toilet soap factory as part of its business diversification strategy, the company has said.
Bakhresa Malawi Limited Human Resources and Compliance Manager Richard Tchereko said the installation of machinery had been completed and that the company was conducting production trial runs.
He said since its establishment 22 years ago, the company had consistently demonstrated strong commitment to Malawi as a key investment destination.
“It will create additional employment and will be able to produce toilet soap, enough to meet the requirement of Malawi. Despite periods of economic volatility, we have continued to expand our operations, reaffirming our confidence in the country’s long-term potential,” Tchereko said.
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Last year, the company commissioned a $100 million cooking oil factory with 500 metric tonnes crushing capacity and 100 tonnes per day of cooking oil refinery.
The company was also recognised by the Institute of Marketing Malawi super brands awards in four categories.
Soyalite Cooking Oil emerged as overall winner in the FMCG Cooking Oil category while Azam Green Laundry Soap won in the FMCG Personal Hygiene category.
Bakhresa Malawi Limited came second in the manufacturing Firms category while Embe Juice emerged second in the FMCG Non- Alcoholic Juices category.
“To be a recipient of such inaugural prestigious super brands awards is a milestone for Bakhresa Malawi Limited. It is clear proof of our commitment to exceeding customer expectations and providing essential products at affordable prices,” Tchereko said.
