MERA REMITS SURPLUS TO GOVERNMENT

The Public Finance Management Act, 2003 requires all statutory bodies to remit dividends or surpluses to the Government as their shareholder. In order to operationalize this, the Government of Malawi developed the Dividend and Surplus Policy for statutory bodies.

In compliance to the above policy direction, MERA Board approved a transfer of MK500 million to government in March 2017. This transfer is in respect of the surplus for the year to June 2017.