Saturday, May 21, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Cross-border traders suffer Covid-19 effects

by Brenda Buliyani
27/11/2020
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Cross-border Traders Association chairperson Esther Chukambiri says global travel restrictions have forced some members out of business as they could not get merchandise for resell.

She said this in Lilongwe on Tuesdayon the sidelines of the association’s extra-ordinary meeting.

A cross-section of corss-border traders following a presentation at the event

Said Chukambiri: “The pandemic has been around for a long time, and most traders have lost their capital because they could not travel across the borders to get merchandise.

“What is worse is that most of them do not have the means of starting their businesses again.”

Karonga-based Maggie Kamchacha said since the pandemic started, she has lost half of her income as most of her clients could not travel.

Her counterpart, Mchinji-based Regina Kanyimbiri said she was able to generate K25 000 in profits from the K500 000 she invested in May in fish, sausages, cooking oil and Zitenje business.

But following the closure of borders, she used the capital for other pressing issues to an extent that she sold her deep freezer in September to pay for her son’s school fees.

Said Kanyimbiri: “The demand for goods deteriorated and the frequency of deliveries went down. As a result, we used the working capital instead of profits for our daily needs.”

Meanwhile, the Open Society Initiative of Southern Africa (Osisa) has provided $9 000 (K6.7 million) to benefit cross-border traders in a revolving fund, while the Southern Africa Trust (SAT) has provided R120 000 (about K6.3 million) for the purchase and distribution of personal protective equipment such as masks and hand sanitisers for the traders to protect themselves from the spread of the virus.

The SAT funds have also gone into the production of women’s cross-border traders’ booklet on Covid-19 prevention and trade guidelines.

Southern Africa Cross-Border Traders Association gender officer Mary Malunga said the funds will help boost businesses and keep cross-border traders protected from Covid-19.

Previous Post

Chakwera to attend Sadc meet

Next Post

Mitc banks hopes on pigeon peas

Related Posts

Gwengwe: Closing the gap requires two things
Business News

World Bank sees widened fiscal deficit

May 21, 2022
Malga wants central government to share revenue from this facility with the respective council
Business News

RFA, Malga disagree on toll gates revenue

May 21, 2022
A consumer loading prepaid electricity credit whose 
tariffs have been revised
Business News

Cama wants electricity tariffs reduced

May 21, 2022
Next Post
Farmers are often shortchanged by unregistered buyers

Mitc banks hopes on pigeon peas

Opinions and Columns

Layman's Reflection

New IMF programme pivotal moment for Tonse Alliance

May 21, 2022
Family Table Talk

Historical lessons on the value of forgetting

May 21, 2022
My Diary

Politics of ‘kutola chikwama’

May 21, 2022
Bottom Up

Ukraine war: Sanctions backfire?

May 21, 2022

Trending Stories

  • Left economy in tatters: Muluzi

    Malawi’s public debt now at K5.8 tn

    0 shares
    Share 0 Tweet 0
  • CAF accepts FAM’s request on Flames fixture shift

    0 shares
    Share 0 Tweet 0
  • Onesimus leaves Major One Records

    0 shares
    Share 0 Tweet 0
  • UN bets K66bn on LMC’s plan

    0 shares
    Share 0 Tweet 0
  • Gaba comes up with two options

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.