The Malawi Stock Exchange (MSE) has pleaded with government for the removal of 20% withholding tax on infrastructure and bond in order to attract issuers and investors.

The appeal by MSE Chief Executive Officer John Kamanga, if implemented, is said to attract more subscribers and lower issuer borrowing costs.

He further explained that the development would be a win-win deal, since lowered borrowing costs would allow firms to grow by employing more people, therefore, more taxes would be paid back through the salaries of the multiple jobs created.

The Minister of Finance, Goodall Gondwe, responded by assuring MSE that the matter will be discussed with the Treasury.