LILONGWE (MaraviPost) — Officials of the Minibus Owners Association of Malawi have admitted that minibus business is struggling due to lack of recapitalization owing to punitive excise duty taxes imposed in minibus imports.
MOAM General Secretary Coxley Kamange said in an interview that they have written finance minister Goodall Gondwe to consider reducing the excise duty on minibus importation so that the grouping is enabled to afford importing minibuses at sustainable rate.
“We are currently unable to import new minibuses, if you can see our minibuses you will notice that they are the same old ones which we are continuously maintaining, nobody is daring to import new minibuses because we fear that once we do that there is no returns that we can generate during the life span of the bus.
“These days all you see are small Nissan Vanette minibuses popularly known as Bongos because they have no punitive excise duty on them. This is why we have written a letter of appeal for government consideration on the matter” said Kamange.
He added that they will be presenting the same grievances among others when finance minister will be conducting the 2014 – 2015 national budget consultations and that the MOAM family will also present the same grievances to parliamentarians lobbying for assistance through parliament.