This has been observed in Salima, during the 2018 annual indaba for Association of Business Journalists (ABJ). Speaking during the official opening ceremony, Head of Corporate Affairs for Malawi Revenue Authority (MRA), Steven Kapoloma, said Business Journalists play a crucial role when it comes to social and infrastructural development of a nation.
He observed that the country has wide investment opportunities which need to be highlighted to local and international investors through the various media platforms in the country.
“Business Journalists in particular have the power to present to locals and the world at large various investment opportunities that Malawi possesses. Currently there is need for productive exploration of mining. As locals we need substantial capital and international investors to fully exploit this sector, that’s where you come in to exercise a national duty by informing the world the business potential in this country,” said Kapoloma.
Steven Kapoloma, Head of Corporate Affairs
Kapoloma further cited other opportunities for investments in water, electricity and infrastructure sectors. However, he also pointed out on a need to religiously remit taxes as this is the lifeline for national development.
He said, “MRA takes the media as a key partner to support voluntary tax compliance in the country. As we all know this is the agency of Government of Malawi and our key function is to assess, collect and account for revenues to support the development of Malawi. Taxation and its modalities are too technical; therefore it is very important for the media to be well informed so that they competently articulate tax issues professionally.”
On his part National Coordinator for ABJ, Aubrey Mchulu, said Business Journalists are part of the engine for national development. He said issues of the economy are often times too complex for comprehension of the masses, the more reason Business Journalists have to be part of the solution to closing the information gap on economic matters.
Aubrey Mchulu,(middle) ABJ National Coordinator
“Most people have an attitude towards economic matters, they say it’s too complex so when Business Journalists grasp the information they are in a better position to unpack it to the public helping them to make informed decisions on how to pay their taxes, what they need to know as a consumers their rights and obligations in an economy,” said Mchulu.
The Annual General Meeting has been made possible with support of ABJ’s partners; MRA, Countrywide Car Hire, First Capital Bank and Reserve Bank of Malawi. This year’s indaba has been held under the theme, ‘The Role of Business Journalists in a Recovering Economy.’