E-CERTIFICATE LAUNCH BOOSTS MRA REVENUE PROSPECTS

The Malawi Revenue Authority (MRA) has expressed confidence that the adoption of the Electronic Certificate of Origin (e-CO) system will significantly enhance the country's revenue collection efforts

Speaking during the launch of Common Market for Eastern and Southern Africa (COMESA) Electronic Certificate of Origin project in Blantyre on 17^th December 2024, MRA Executive Director of Corporate Services, Mr. Douglas Katchomoza emphasised that the e-CO is not only a game-changer for traders and businesses but also a vital tool for increasing the efficiency of revenue collection and improving Malawi’s global competitiveness.

Malawi has become the second COMESA member state to pilot the e-CO, an innovative solution aimed at streamlining trade and reducing costs for exporters and importers.

“One of the key benefits of the e-CO is the simplification of trade processes.’ Katchomoza said. “The manual issuance of Certificates of Origin has been a time-consuming and cumbersome process, often causing delays and disruptions in the flow of goods. With the introduction of the electronic system, these processes are being automated, enabling faster issuance of certificates.

He further highlighted the benefits of digitisation for MRA noting “The introduction of the e-CO system will enhance data management for MRA. By transitioning to digital Certificates of Origin, the MRA can now better track and manage trade data, leading to more informed decision-making and improved compliance monitoring. The system’s ability to securely store and retrieve data electronically ensures greater accuracy and security, making it easier to detect and prevent fraudulent activities,”

The Ministry of Trade and Industry Principal Secretary, Ms. Christina Zakeyu, underscored the importance e-CO system to Malawi’s Economic growth.  ‘This launch aligns seamlessly with the Malawi 2063 Vision, particularly the pillar on industrialisation and economic transformation. A modernised trade facilitation process is integral to achieving sustainable economic growth. By simplifying trade, we empower our private sector, attract investment, and create jobs for our people.’ She said.

Beyond introducing the system, the Authority is committed to ensuring its effective deployment and maximising its benefits for businesses and other stakeholders.

This initiative represents a major step forward in aligning Malawi’s trade practices with global standards, creating a more efficient, transparent, and competitive trading environment.

 

BY VICTOR MASANJE