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Sunday, 02 December 2018 14:25

Malawi to commemorate World Competition Day

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Blantyre, November 29, 2018: The Competition and Fair Trading Commission (CFTC) will lead Malawian consumers, enterprises, institutions and the general public in commemorating World Competition Day on  December 5, 2018 at Gymkana Club in Zomba.

Speaking in an interview with the Malawi News Agency (Mana) on Tuesday, CFTC Spokesperson Angella Kachipapa said the function would be graced by the Minister of Industry, Trade and Tourism, Francis Kasaila.

Kachipapa said the commission will on this day highlight competition laws and regulations institutions need to take into consideration when conducting business.

“The commission decided to join the rest of the world in commemorating World Competition Day to sensitize the general public on restrictive business practices and uncompetitive business practices that affect consumers negatively, “said Kachipapa.

Malawi has been commemorating this day since 2014 under diverse themes and this year, the commemoration will be held under the theme ‘Innovation and Competition in the Malawi Economy’.

Kachipapa added that this year’s commemoration will offer a platform to deliberate upon the contemporary completion law challenges faced by innovation-led economy.

“It will provide a platform to allow meaningful and focused debate by stakeholders and the general public on challenges faced by the innovative led economy,” Kachipapa said.