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MCCCI to hold a High-Level Sales Perfomance Training

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) will hold a one-day high-level Sales Performance Training on October 19, 2018 at Sunbird Mount Soche Hotel in Blantyre.

The training has been organized to build sales team’s capacity and ability to build relationships with customers and generate repeat business.

“MCCCI believes that a highly charged and well- rounded sales team is the lifeblood and requirement of any selling organization in today’s challenging environment,”

Confirm your attendance to: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call on 0996 557 042.

MCCCI holds Mzuzu trade Fair

The Mzuzu University Deputy Vice Chancellor, Proffessor Fred Msiska said Malawi’s industrialisation is negligible despite being very rich in natural resources and other raw materials.

 He was speaking when he officially opened the 3rd Mzuzu Trade Fair at the Taifa Market in Mzuzu.

 Efforts to industrialise our economy have met several obstacles and as a result Malawi has been exporting unprocessed primary commodities whose prices on the international market are volatile

Said Pr. Msika: “Industrialisation will therefore contribute to sustained wealth creation as Malawi’s natural resources and other raw materials will be converted into value-added products for export to the global market,”

 He further said that institutions of higher learning hold one of the most important roles in shaping the future of the society.

Adding that research indicates that a strong system of higher education is a significant contributor to the country’s ability to compete in the global marketplace and is critical to the economic strength and social well-being.

Speaking at the same event, Councillor of MCCCI Benard Kaunda said the third Mzuzu Trade Fair availed an opportunity to SMEs based in the northern region to showcase and demonstrate their latest products and services, meet with industry partners and customers, study activities of rivals, and examine recent market trends and opportunities within Malawi and abroad.

MCCCI hails MERA on electricity tariff decision

The Malawi Energy Regulatory Authority (MERA) has been applauded for considering stakeholders suggestions in its decision to increase electricity base tariff by 31.8% as opposed to the requested 60% by ESCOM.

Announcing the increase which will be implemented from 2018 to 2022, a statement from MERA indicated that detailed analysis of the application also reflected on the issues and concerns that were raised by stakeholders during public hearings that it conducted.

MCCCI was among the stakeholders that lobbied for scrutiny of the application, to avoid pushing unnecessary costs to the end user.

MCCCI, Chief Executive Officer, Chancellor Kaferapanjira, cautioned that 60 percent electricity tariff increase in a single financial year could send major shock waves to the economy and that the end user will be the one to bear most of the burden.

MCCCI also suggested removal of unexplained overheads which had no direct benefit to the end user which could have inflated the tariffs.

“The inability of ESCOM to collect debts from Government institutions and some ‘private sector players’ should not burden the end user with a high tariff. We propose that this provision of 3% be removed. We propose that lower increments in the tariff structure go to businesses especially SMEs in line with the Malawi Growth and Development Strategy III,” Said Kaferapanjira in his presentation during one of the consultation meetings held by MERA.

Reacting to MERA’s decision, Kaferapanjira said he was thrilled that, MERA has implemented at least five of the suggestions that MCCCI provided.

Said Kaferapanjira: “We are thrilled that MCCCI managed to influence the reduction of the proposed increase to only 20 percent for the first year as opposed to the requested 60 percent. The increase needed to happen, whatever the case, as we needed a cost reflective tariff in order to attract potential investors into the sector. What we did was to ensure that inefficiencies shouldn't be built into the tariff,”

The 31% increase, translates into K21.92/kWh increase and an average tariff of K95.15/kWh against the average of MK117.64/kWh requested by ESCOM.

ESCOM applied for a 60% third base tariff increase which would have moved the average tariff by K44.07 from MK73.23/kWh to MK117.30/kWh.

 

MCCCI hails MERA on electricity tariff decision

The Malawi Energy Regulatory Authority (MERA) has been applauded for considering stakeholders suggestions in its decision to increase electricity base tariff by 31.8% as opposed to the requested 60% by ESCOM.

Announcing the increase which will be implemented from 2018 to 2022, a statement from MERA indicated that detailed analysis of the application also reflected on the issues and concerns that were raised by stakeholders during public hearings that it conducted.

MCCCI was among the stakeholders that lobbied for scrutiny of the application, to avoid pushing unnecessary costs to the end user.

MCCCI, Chief Executive Officer, Chancellor Kaferapanjira, cautioned that 60 percent electricity tariff increase in a single financial year could send major shock waves to the economy and that the end user will be the one to bear most of the burden.

MCCCI also suggested removal of unexplained overheads which had no direct benefit to the end user which could have inflated the tariffs.

“The inability of ESCOM to collect debts from Government institutions and some ‘private sector players’ should not burden the end user with a high tariff. We propose that this provision of 3% be removed. We propose that lower increments in the tariff structure go to businesses especially SMEs in line with the Malawi Growth and Development Strategy III,” Said Kaferapanjira in his presentation during one of the consultation meetings held by MERA.

Reacting to MERA’s decision, Kaferapanjira said he was thrilled that, MERA has implemented at least five of the suggestions that MCCCI provided.

Said Kaferapanjira: “We are thrilled that MCCCI managed to influence the reduction of the proposed increase to only 20 percent for the first year as opposed to the requested 60 percent. The increase needed to happen, whatever the case, as we needed a cost reflective tariff in order to attract potential investors into the sector. What we did was to ensure that inefficiencies shouldn't be built into the tariff,”

The 31% increase, translates into K21.92/kWh increase and an average tariff of K95.15/kWh against the average of MK117.64/kWh requested by ESCOM.

ESCOM applied for a 60% third base tariff increase which would have moved the average tariff by K44.07 from MK73.23/kWh to MK117.30/kWh.

 

Mzuzu Trade Fair

Assess impact of Interest rate capping first’

Members of the private sector has asked for a thorough assessment of the impact to the economy and financial sector if Malawi is to pass a law on capping Interest Rates.

A capped rate is an interest rate that is allowed to fluctuate, but which cannot surpass a stated interest cap. A capped rate loan issues a starting interest rate that is usually a specified spread above a benchmark rate.

The views were shared at a consultative meeting organized by the Parliament of Malawi in Blantyre.

Addressing the meeting, Member of Parliament for Dowa West, Kusamba Dzonzi said the consultations follow a motion moved in Parliament in 2016 by Member of Parliament for Dedza North West Alekeni Menyani, after noting exorbitant interest rates on loans obtained from banks and other lending institutions which resulted in property loss due to non-payment.

“It is evident in this country that for a long time, the financial institutions have been charging unjustifiable and exorbitant interest rates,” He said.

President of Indigenous Business Association of Malawi (IBAM), Mike Mlombwa concurred with Dzonzi that there is need for deliberate policies such as capping of interest rates if SMEs are to survive.

“We have been attending such meetings, now it’s almost five years but the results are not coming out. There is need to expedite research and see if our economy can survive if caps are introduced,”

However, Bankers Association of Malawi President Paul Guta said the proposed bill could be solving symptoms instead of the root cause of high interest’s rates in Malawi.

“Let us find solutions of what should be done to the economy to have affordable interest rates. The high rates are as a result of so many factors that include; operational factors such as electricity and connectivity as well as inflation,” He said.

 

MCCCI to hold Mzuzu Trade Fair

In the spirit of promoting trade in all the regions of the country, the Malawi Confederation of Chambers of Commerce and Industry will hold the 3rd Mzuzu Trade Fair from 5th to 7th October 2018 at Taifa Carpark Ground in Mzuzu.

The fair will be held under the theme ‘Industrialization: Basis for Trade Competitiveness’.

 “The Mzuzu Trade Fair shall accord you the unique opportunity for your business exposure not only in the Northern Region, but also across Malawi, Tanzania in particular.  We expect to have local as well as international exhibitors at the fair,” Said MCCCI

 MCCCI therefore invites businesses to participate in the 3 - day trade fair which will provide an opportunity to showcase products and services, connect and collaborate with entrepreneurs, industry leaders and academicians.

 To participate, register by filling and returning an application form available at www.mccci.org. Terms of participation are detailed on the application form.

 

MCCCI to hold Mzuzu Trade Fair

In the spirit of promoting trade in all the regions of the country, the Malawi Confederation of Chambers of Commerce and Industry will hold the 3rd Mzuzu Trade Fair from 5th to 7th October 2018 at Taifa Carpark Ground in Mzuzu.

The fair will be held under the theme ‘Industrialization: Basis for Trade Competitiveness’.

“The Mzuzu Trade Fair shall accord you the unique opportunity for your business exposure not only in the Northern Region, but also across Malawi, Tanzania in particular.  We expect to have local as well as international exhibitors at the fair,” Said MCCCI

 MCCCI therefore invites businesses to participate in the 3 - day trade fair which will provide an opportunity to showcase products and services, connect and collaborate with entrepreneurs, industry leaders and academicians.

To participate, register by filling and returning an application form available at www.mccci.org. Terms of participation are detailed on the application form.

President Mutharika to develop rural based industrialisation package

President Peter Mutharika opened the 15th National Agriculture Fair with an assurance to develop a rural agro-based industrialisation package. The president said his government will also expedite the opening of an Agricultural bank to improve access to finance by farmers.

Said Mutharika: “We must empower farmers with capital, we must continue to establish credit facilities to support them. That is why we are establishing the Agricultural bank.”

Speaking at the opening ceremony, MCCCI President , Mr Prince Kapondamgaga said government should set out a policy framework that would provide an incentive for organized farmers to invest in the sector and promote agro-processing and value addition. In the picture President Mutharika, flanked by Minister of Agriculture, Irrigation and Water Development and MCCCI President cuts a ribbon.

 

 

Private sector involvement to end smuggling: MCCCI

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has proposed stiffer penalties to perpetrators of smuggling if the vice is to end.

Director of Business Environment and Advocacy, Madalitso Kazembe, said MCCCI has established that local manufacturing industries are significantly affected by smuggling in the country.

Said Kazembe: “Private sector involvement in the fight against smuggling can be effective as they are the ones that are being affected more. Smuggling can only end if its cost including the cost of being caught is higher than the revenue derived from the sale of the smuggled goods,”

She alleged that, high corruption levels at the ports and border points are factors promoting the malpractice as it lowers the cost of smuggling.

“Putting in place stiff penalties and addressing the issues of corruption at the border points will therefore assist in protecting the local industry from unfair competition they face due to the smuggled products,” She said.

She said that smuggling has proven to be among the biggest challenges in the manufacturing sector in Malawi as it affects production levels for most of the manufacturing companies in the country.

“It is therefore high time the government and the private sector worked hand in hand in addressing the issue as the current mechanisms have failed to yield satisfactory results due to high corruption rates among the government officials,” She said.

Studies by MCCCI have shown that the private sector is willing to financially support and involve itself in tip off anonymous system and other measures put in place to tackle the issue.

 

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