The Malawi Revenue Authority (MRA) has seen a significant increase in tax revenue at the Liwonde Inland Port due to the revived Nacala Development Corridor. Monthly tax collections have jumped from K500 million to K2 billion this fiscal year.
The port is handling a variety of cargo, including fertilizer, fuel, wheat, and other raw materials, which are now transported by rail instead of road. This shift has boosted MRA’s revenue from the Liwonde Station.
The port is also serving as a transit point for coal from Mozambique to Nacala. Additionally, it handles fuel imports and containers destined for inland locations in Malawi.
The trilateral agreement between Malawi, Zambia, and
Mozambique to revive the Nacala rail corridor has been instrumental in this development. The port offers shorter transportation times and lower costs compared to other options, stimulating economic activity in the region.
