CFTC gets global recognition | The Times Group

The World Bank in conjunction with the International Competition Policy Network has recognised efforts being made by the Competition and Fair Trading Commission of Malawi (CFTC) in promoting competition and consumer welfare.

The CFTC has been named among the top three out of 25 competing agencies in the 2014 Competition Advocacy contest.

In a statement announcing the award winners, the World Bank noted that CFTC engaged targetted advocacy activities which have resulted in measurable impacts, top of which is ridding the market of monopolistic tendencies.

Commenting on the development, CFTC executive director Wezi Malonda said CFTC was excited to receive the award which she described as a highly sought after recognition by competition authorities all over the world.

“It is a great honour for the CFTC and Malawi as a country. It will in no doubt encourage us to become more proactive in the enforcement and advocacy for competition and consumer welfare,” she said.

This is the second recognition that the CFTC has received in the last six months.

In December, 2014, the Anti Corruption Bureau named CFTC as one of the top three organisations that have taken an initiative to fight corruption.