Competitions and Fair Trading Commission drills firms on mergers

Post was last updated: May 31, 2018

The Competitions and Fair Trading Commission (CFTC) has stressed the need for firms to follow proper channels when embarking on business mergers and acquisitions.

CFTC Director of Mergers and Acquisitions, Richard Chiputula, was speaking at the Malawi International Trade Fair in Blantyre during a business interface the organisation held with various firms.

“When you hear about CFTC investigating some dubious dealings and providing advice to companies, it means that there is something that other players have said on that,” he said.

Chiputula said public and private sector members should further understand laws or guiding principles of mergers and acquisitions so that deals they finally strick benefit all concerned parties.

“We further want to ensure that Malawians are aware of their rights so that they are not cheated. It would also be good for them to consult relevant stakeholders for advice,” Chiputula said.

The business session brought together directors from various companies that are taking part in the trade fair.

The fair, which started on May 24, has attracted exhibitors from Malawi, Zambia, Mozambique, Zimbabwe, India, Ghana and Tanzania, among others.

The annual trade exhibition is being held under the theme, ‘Industrialisation: Basis for Trade Competitiveness’.

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