Month: October 2023 Posts

CTFC conducting farm inputs market surveillances

Oct 06, 2023 Chikondi Daza 0 &

The Competition and Fair Trading Commission (CFTC) says it is conducting market surveillances for farm inputs ahead of the next farming season. The commission says CFTC officials will visit Ntchisi, Dowa, Nkhotakota, Mzimba, Kasungu and… ...

CFTC fines three companies over unfair trading practices

Feb 03, 2023 Archangel Nzangaya 0 &

Itimu The Competition and Fair Trading Commission (CFTC) in Malawi has ordered three companies to pay fines of K500,000 each for engaging in various unfair trading practices. According to a CFTC press statement which has… ...

Malawi celebrates World Consumer Rights Day

Mar 15, 2022 Mike Kalumbi 0 &

The Competition and Fair Trading Commission (CFTC) is today leading consumers and traders in the country in celebrating this year’s World Consumer Rights Day (WCRD), under the theme “Fair Digital Finance”. The theme, which is… ...

Malawi competition watchdog fines Goodwill Funeral Services K68 million

Feb 08, 2022 Mwayi Mkandawire 0 &

The Competition and Fair Trading Commission (CFTC) has ordered Goodwill Funeral Services to pay a K68 million fine for engaging in anti-competitive conduct. The commission has also ordered NICO Life to pay K500,000 fine for… ...

Shop fined 500,000 Malawi Kwacha for selling used underwear

Dec 24, 2021 Malawi24 Reporter 0 &

Itimu The Competition and Fair Trading Commission (CFTC) has fined Noortex Limited in Lilongwe for supplying bales of second hand underwear, saying the products are likely to cause injury or physical harm to consumers. The… ...

First Capital ordered to refund K810,000 to customer

Dec 23, 2021 Malawi24 Reporter 1 &

First Capital Bank has been ordered to refund K810,000 which was stolen from a customer’s bank account and sent to three mobile phone numbers. The Competition and Fair Trading Commission (CFTC) which has made the… ...

Castel fined K500,000 over aborted promotion

Jul 20, 2021 Mwayi Mkandawire 0 &

Competition and Fair Trading Commission (CFTC) has fined Castel Malawi for cancelling a promotion without notifying customers about the cancellation. According to CFTC, it commenced investigations into Castel Group (Malawi) Limited on 1st March this… ...