Malawi Muslims Official Website
No Result
View All Result
  • Login
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World
Contact Us
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World
No Result
View All Result
Malawi Muslims Official Website
No Result
View All Result
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World
Home Featured
CFTC Sensitizes Dowa Council on Consumer Protection Law

CFTC Sensitizes Dowa Council on Consumer Protection Law

Hashim by Hashim
3 years ago
in Featured
Reading Time: 2 mins read
A A
0
0
SHARES
39
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Consumer and Fair Trading Commission ( CFTC), a body corporate established under the Competition and Fair Trading Act (CFTA), says the CFTA is aimed at improving market efficiency, economic growth and protecting consumer welfare.

RELATED POSTS

Politicians Unite to Deal with Cyclone Freddy Effects

Sheikh Matola Urges Muslims to Pray for Cyclone Freddy Victims

‘Tiyeni Tigwirane Manja’- Chakwera

The CFTC is mandated to regulate, monitor, control and prevent acts or behavior which are likely to adversely affect competition and fair trading in Malawi.

The presentation made by their Chief Legal Officer, Peter Mota during the sensitization workshop in Dowa, indicated that mergers impact on competition and the economic well – being of consumers as they result in reduction of competition, or fluctuation of prices.

Mota said enterprises must seek authorization from the Commission to effect a merger or take over, and without that, the merger has no legal effect.

Seeking further information regarding the impact of the Law and enforcement framework of the same in the country, Senior Competition Analyst, Fexter Katungwe said Competition and Consumer Protection Laws regulate market activities that are conducted every day, so the impact is immerse.

Katungwe said if our markets function efficiently, we will have less restrictive business practices, more mergers, enhanced consumer welfare, which will be good for our economy.

” We are all consumers, some people are traders, and District Council officials are part of the regulatory framework at decentralized level, so we all have a role to play in the enforcement of the laws”, said Katungwe.

Further, it was submitted that the CFTA and Consumer Protection Act regulate unfair trading practices such as non – issuance of receipts, not displaying prices of products, insufficient labelling including no expiry date labels, supply of expired products, underweight products and offering of prizes with no intention of supplying them, among others .

The CFTA officials urged consumers to report any unfair trading practices to the Commission, and they pledged to act on the complaints to facilitate redress such as refund or exchange of faulty products, amongst others.

ADVERTISEMENT

The participants of the workshop were also enlightened that the penalties for non compliance to any provisions of the laws, is a fine of K500,000, or of an amount equivalent to the financial gain generated by the offence if such amount is greater, and imprisonment for 5 years.

Giving his remarks at the end of the function on behalf of the District Commissioner, Dowa District Council’s Director of Administration, Bonface Macheka , appreciated the CFTC initiative and called for the need of continuous sensitization for the general public to know what to do when duped and where one can report to.

Macheka expressed hope that the collaborative enforcement of Competition and Fair Trading Act, and Consumer Protection Act will protect the citizens including Dowa district residents from various anti competitive and unfair trading conducts including supply of counterfeit products by traders.

ShareTweetSend

Related Posts

Politicians Unite to Deal with Cyclone Freddy Effects
Featured

Politicians Unite to Deal with Cyclone Freddy Effects

by mmw
March 23, 2023
0
0

Former President of the United Democratic Front (UDF) Party Atupele Muluzi has commended Malawi president, Dr. Lazarus Chakwera for facing...

Read more

Sheikh Matola Urges Muslims to Pray for Cyclone Freddy Victims

‘Tiyeni Tigwirane Manja’- Chakwera

Chilima Dates Tropical Cyclone Freddy Victims

Dos And Don’ts Of Ramadan: A Complete Etiquette Guide

‘First It Was Ibrahim Matola, Now It is Daud Al-Deen Chikwanje ‘: What is Behind Their Tears ?

Next Post
Islamic Organisation Constructs House For Needy Woman in Salima

Islamic Organisation Constructs House For Needy Woman in Salima

Bwalo la  Chewa Hails Government for Supporting Chiefs

Bwalo la Chewa Hails Government for Supporting Chiefs

  • Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

    Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

    0 shares
    Share 0 Tweet 0
  • Seek Knowledge Regardless of Age – Muslims Advised

    0 shares
    Share 0 Tweet 0
  • Fuel Prices Go Up in Malawi

    0 shares
    Share 0 Tweet 0
  • Police warn Malawians against sending money to unknown Facebook friends

    0 shares
    Share 0 Tweet 0
  • LMJ Medicals for State-of-the-art Hospital

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

July 28, 2022
Seek Knowledge Regardless of Age – Muslims Advised

Seek Knowledge Regardless of Age – Muslims Advised

May 11, 2022
Fuel Prices Go Up in Malawi

Fuel Prices Go Up in Malawi

March 8, 2021
Police warn Malawians against sending money to unknown Facebook friends

Police warn Malawians against sending money to unknown Facebook friends

December 24, 2019

Malawian Muslims Chased at Asian Muslims Milad–un-Nabee Feast

78

Supreme Council of Ulama Says Eid Adha Tuesday

28

Fatima Rajab the Guardian Angel, Abandoned for Refusing to Denounce Islam

24

MACRA BANS RADIO ISLAM PROGRAM

20
Politicians Unite to Deal with Cyclone Freddy Effects

Politicians Unite to Deal with Cyclone Freddy Effects

March 23, 2023
Sheikh Matola Urges  Muslims to Pray for Cyclone Freddy Victims

Sheikh Matola Urges Muslims to Pray for Cyclone Freddy Victims

March 22, 2023
‘Tiyeni Tigwirane Manja’-  Chakwera

‘Tiyeni Tigwirane Manja’- Chakwera

March 23, 2023
Chilima Dates Tropical Cyclone Freddy Victims

Chilima Dates Tropical Cyclone Freddy Victims

March 23, 2023

Connect

Recent News

Politicians Unite to Deal with Cyclone Freddy Effects

Politicians Unite to Deal with Cyclone Freddy Effects

March 23, 2023
Sheikh Matola Urges  Muslims to Pray for Cyclone Freddy Victims

Sheikh Matola Urges Muslims to Pray for Cyclone Freddy Victims

March 22, 2023
‘Tiyeni Tigwirane Manja’-  Chakwera

‘Tiyeni Tigwirane Manja’- Chakwera

March 23, 2023

Faith Podcast

Akudziwanji Za Chisilamu

Swalah 101

Islamic Finance

Ramadhan

Categories

  • Analysis
  • Business
  • Column
  • Crime and Society
  • Culture
  • Economy
  • Education
  • Entertainment
  • Featured
  • General
  • Health
  • International
  • Opinion
  • Politics
  • Religion
  • Sports
  • Travel

News in Pictures

Amir Jakhura
Amir Jakhura Addressing the Journalists
Some of the beneficiaries

© 2022 Malawi Muslims Official Website -Website by Freelance Web Solutions.

No Result
View All Result
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World

© 2022 Malawi Muslims Official Website -Website by Freelance Web Solutions.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version