Participants to the Strategic Plan launch

The Ministry of Industry and Trade has commended the Competition and Fair Trading Commission for developing a five year strategic plan and service delivery charter.

The remarks were made by Dr Joseph Mkandawire, who is Director of Finance and Administration in the Ministry, during the official unveiling of the CFTC strategic plan, service charter and new logo on 29th March 2016 at Sunbird Capital Hotel.

Mkandawire congratulated the CFTC for taking a bold step to formulate and launch the plan which defines the strategic direction for the next five years. He said:

“I believe that through this strategic plan, the CFTC will be able to fulfill its mandate and ensure that it effectively contributes to the attainment of the country’s wider development goals such as Vision 2020, National Export Strategy, Buy Malawi Strategy and the Malawi Growth and Development Strategy II (MGDS II) among others.

Speaking during the same function, the Executive Director for CFTC Charlotte Wezi Malonda said the launch of the strategic plan demonstrates the commitment by Commissioners and Management of the CFTC to respond effectively to the ever changing business environment in Malawi. Malonda said

 “Under the current Strategic plan, the Commission aspires to become a distinguished regulator for competition and fair trading in Malawi whilst pursuing its mission of creating a competitive and fair market environment through regulating and enforcing competition and fair trading laws in Malawi for the ultimate benefit of consumers”.

She then commended all stakeholders and institutions which provided input during the strategic planning process, among them government department, civil society organisations and other sector regulators.

The new strategic plan has identified four Strategic Objectives namely: to enhance competition advocacy and mass awareness at all times; to regulate and monitor markets at all times; to enforce competition and fair trading laws at all times; and to strengthen institutional capacity at all times.

Delegates at the launch included CFTC Commissioners, CEOs of a number of statutory bodies including Malawi Communications Regulatory Authority (MACRA); Tobacco Control Commission (TCC), National Lotteries Board and the COMESA Competition Commission among others.