By Chisomo Phiri
In its quest boost revenue collection and fight fraud cases in the country, the Malawi Communications Regulatory Authority (MACRA) has launched the Revenue Assurance System (RAS) which will be fully functional tomorrow May 31,2024.
Speaking during a press conference in Lilongwe on Thursday, MACRA Director General (DG) Daud Suleman said the RAS will among other things promote a fair and competitive market environment, leading to better services and pricing for consumers.
Suleman added that the system will also ensure accurate billing whereby consumers are charged correctly for the services they use, promoting fairness and transparency.
“This system is a robust tool for detecting and preventing fraud in the billing processes, which will enhance the integrity and reliability of the country’s telecommunications sector,” said Suleman.
He expressed his confidence that this advancement will bring a new era of prosperity for all Malawians.
“Malawians should take pride in this milestone. The fruits of this system will extend to the furthest corners of our nation, manifesting as new roads, bridges, educational facilities, and improved social services such as the timely payment of teachers’ salaries,” said Suleman.
He further clarified on the system’s functionality.
“The Revenue Assurance System is a sophisticated integrated platform utilised by regulators globally.
“It ensures the accuracy of revenue declarations by operators, which is crucial since MACRA’s revenue collection is contingent on these declared figures,” he said.
According to Suleman, the system’s implementation enables MACRA to authenticate the earnings reported by licensed operators, ensuring that the correct revenue is collected.
“This verified revenue is subsequently channeled back to the government and the people of Malawi in the form of dividends remitted to the treasury,” Suleman added.
He then shared promising projections for the 2024/25 fiscal year, with MACRA expecting to generate substantial revenues, estimated at approximately K14 billion.
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