The Competition and Fair Trading Commission (CFTC) held its 62nd meeting in Lilongwe on 1st July, 2022, to consider and adjudicate over cases under the Competition and Fair Trading Act (CFTA).
The Commission considered and adjudicated over a total of 74 cases. The cases included 60 cases on unfair trading practices, two cases on mergers, and 12 cases on anti-competitive business practices.
During the sitting, the Commission ordered companies to pay over K20 million in fines and refunds. Specifically, eight companies were ordered to pay fines totaling K6 million while four companies were ordered to pay refunds of over K14 million to consumers, for committing different offences.
This statement provides a summary of the Commission’s determinations on some of the cases, highlighting facts and orders made.
For more information on this statement, contact Innocent Helema on 0880725075 or email [email protected]
ACTING EXECUTIVE DIRECTOR