World Bank lauds CFTC
Malawi’s Competition and Fair Trading Commission (CFTC) has been recognised by the Competition Policy Team of the World Bank Group and co-chairs of the International Competition Network (ICN) Advocacy Working Group for its advocacy role in reducing inequality and promoting competitiveness on the market.
In a statement announcing the winners for the 2014 Competition Advocacy Contest, the organisers recognised CFTC’s collaborated efforts with its parent, Ministry of Industry and Trade, in dealing with monopolistic tendencies in the sugar industry.
According to the World Bank, the story that CFTC’s submitted revealed activities that mitigated monopolistic tendencies in the sugar industry, making consumers and other stakeholders to benefit through increased sugar availability and room for new entrants into the distribution chain.
Commenting on the development, CFTC executive director Charlotte Wezi Malonda expressed excitement at the international recognition.
“The advocacy award is a highly sought- after recognition by competition authorities all over the world. This is a great honour for the CFTC and Malawi as a country and will no doubt encourage us to become more proactive in our enforcement and advocacy,” said Malonda.
About 25 agencies submitted entries and only three have been invited to present their stories at an ICN-World Bank Group event in Sydney, Australia on May 1 2015. The entries will also be featured in a joint publication while the award ceremony will be on June 23 in Washington DC, USA.
The recognition is CFTC’s second in six months after the Anti-Corruption Bureau (ACB) named it in Malawi’s top -three fighting workplace corruption agencies.
