
Malawi government approves CFTC reforms
Malawi government has approved recommendations from the Public Sector Reforms Programme for reviews aimed at improving the competition and fair trading regulatory environment in the country.
The Competition and Fair Trading Commission (CFTC) says the proposed reforms would ensure effective competition and consumer protection and enforcement of a competitive market in the country.
In a statement issued on Friday, CFCT executive director Wezi Malonda said proposed changes would include amendment of the Competition and Fair Trading Act (CFTA) to eliminate existing gaps and provide for on-spot fines
The reforms would also provide room for amendment of the Consumer Protection Act to harmonize it with the CFTA and further align sectoral laws to the CFTA.
“The reforms will address legal and administrative challenges that impacted on the smooth enforcement of competition and consumer protection laws in the country,” said Malonda.
(Visited 30 times, 30 visits today)
Let us know what you think of this update and remember to add us on our facebook and follow us on our twitter. Make sure to come back daily for more Malawi business news updates.
Quick Links: Malawi Banking News | Malawi Technology News | Download Business eBooks | Ten Signs You Are An Entrepreneur | What is a Managing Director?
Today’s top business story: Top Commercial Banks In Malawi
- National Bank of Malawi touts vendor loans – The Times Group - September 23, 2023
- Neef dangles micro industry loan of up to K250m - September 22, 2023
- Unicaf awards Young Innovators – The Times Group - September 22, 2023