MRA Corner | MBC Video Program: Understand the Industrial Rebate Scheme (Msonkho Womvelera) with Kingsley Chibwana

Abstract

In this edition of MRA Corner, Kingsley Chibwana unpacks the Industrial Rebate Scheme, locally referred to as "msonkho womvelera". The scheme is designed to support manufacturing industries in Malawi by allowing eligible factories to import raw materials and industrial inputs duty-free or at reduced tax rates. Kingsley explains how the scheme works, who qualifies, and the role it plays in boosting local production, creating jobs, and promoting industrial growth. This episode offers valuable insights for manufacturers and investors looking to take advantage of tax incentives aimed at stimulating economic development.