The Competition and Fair Trading Commission (“the Commission”) held its 71st meeting on 13th December, 2024, to consider and adjudicate over cases on unfair trading conducts and anti-competitive business practices.
The Commission adjudicated over a total of 49 cases. Out of the 49 cases, 26 were closed at preliminary stage, due to among others lack of merit and early resolution of the issues at hand. The Commission also recommended 12 mergers for authorization by the COMESA Competition Commission.
Among others, three companies have been ordered to pay fines as a percentage of their total annual revenue, as provided under the Competition and Fair Trading Act (CFTA). The Commission has also ordered companies to pay a total refund amounting to K6.5 million to consumers.
This statement presents highlights on some of the cases that were decided during the recent sitting. For more information on this statement, contact Innocent Helema on 0880725075 or email innocent.helema@cftc.mw.
LLOYDS VINCENT NKHOMA
CHIEF EXECUTIVE OFFICER