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Farmers market, this Saturday

It's almost here, your farmers market place, this Saturday, come one! Come all!

MCCCI Invites Blantyre Residents to First Ever Farmer's Market

MCCCI would like to invite you to our very first Farmer's Market to be held on 26th January 2019 at the Chichiri Trade Fair Grounds from 8AM to 5PM. Forget your usual weekend markets, Let's help you cross off your shopping list with this shopping experience.

MCCCI Invites Blantyre Residents to patronise First Ever Farmer's Market

End the month with a visit to the first ever Farmer's Market hosted by MCCCI on 26th January 2019 at Chichiri Trade Fair Grounds from 8AM to 5PM.

MCCCI farmers market

MCCCI Farmers Market

MCCCI to introduce Farmers Market

In line with its 2019 direction to ensure enhanced access to the Confederation’s membership by Small and Medium Enterprises through the introduction of the Star Category of membership with a subscription rate of K90, 000 per year, the Malawi           Confederation of Chambers of Commerce and Industry (MCCCI) will introduce a Famers’ Market which will be held on the last Saturday of each month. The maiden Farmers’ Market will be unveiled on 26 January 2019. 

Our mission is to increase the visibility of SMEs to customers, potential customers and potential partners and improve their access to markets and business linkages.

Our Goals for the Farmers’ market:
Create an increased platform for businesses to sell their products directly to consumers.
• Create and increase consumer opportunities to buy local products directly from businesses and establish business contact.
• Bring together families, neighbors, visitors and local producers to create a sense of community and social gathering.
• Provide a vehicle to educate the community on the nutritional, environmental, and economic value of buying sustainably locally produced products.

The Famers’ Market will offer fresh quality produce, value-added products, and crafts among many others.

Call Linda Pete on 0999361132 to book your stall

Benefits: Star membership category for an annual subscription fee of K90,000 only

  • Trade facilitation services through business linkages to potential markets and partners
  • Access to group SMME targeted business advisory services: business planning, financial planning, review of contracts, marketing and business management
  • Access to trade information through MCCCI’s documentation centers.
  • Eligible for MCCCI’s referral discount program on events.
  • Visibility in MCCCI E-Newsletters
  • Referral business, both internal and external
  • Access to MCCCI periodic briefs on global, regional and national economic and business trends
  • 1 vote during MCCCI elections

NB: Subject to qualification as a micro & small business.

Why join MCCCI membership?

We defend and promote the interests of our Members to local, regional and international authorities by voicing their views and concerns. The overall aim being to foster economic liberalism and market-oriented policies. Join Today! Call @01 871 147

Interest rate capping will not offer sustainable solutions-MCCCI

Malawi Chamber of Commerce and Industry (MCCCI) says there are policy alternatives that can protect borrowers from excessive interest rates instead of introducing interest rate caps which could not offer sustainable solutions.

While acknowledging that high cost of finance remains an obstacle to doing business in Malawi, MCCCI Chief Executive, Chancellor Kaferapanjira said capping interest rate is not the best mechanism to address the challenge.

“We think that interest rates should indeed go down, but putting it in a law means that we are putting up a permanent structure and the law will be very difficult to change.

“We agree that there is high rate of borrowing; but the challenge is on how RBM is going to intervene in making sure that the commercial banks are not just adding unnecessary risk premiums,” said Kaferapanjira.

He said for example RBM Governor can come up with a reference rate to achieve a purpose within specific time frame and can revoke it when the purpose has been achieved.

Member of Parliament for Dedza North West Alekeni Menyani moved a motion in Parliament in 2016 proposing a law to introduce interest rate capping, after noting exorbitant interest rates on loans obtained from banks and other lending institutions which resulted in property loss due to non-payment.

Earlier, Bankers Association of Malawi President Paul Guta concurred with MCCCI that the proposed bill could be solving symptoms instead of the root cause of high interest rates in Malawi. 

“Let us find solutions of what should be done to the economy to have affordable interest rates. The high rates are as a result of so many factors that include; operational factors such as electricity and connectivity as well as inflation,” He said.

 

Malawi among top 10 African exporters of apparel to the United States

Malawi has been named a distant 10th of the top 15 African Exporters of Apparel to the United States under the African Growth & Opportunity Act (AGOA) Trade preference programme.

Malawi is trailing 9 countries, with Kenya topping the list with total exports of 252,674 in 2017 and 293,976 Dollars in 2018 while Malawi exported only 321 in 2017 and 553 between January to September in 2018.

This follows a US Committee for the Implementation of Textile Agreements announcement of limits on duty- and quota-free imports of apparel articles assembled from regional and third-country fabric under AGOA for the fiscal year 2019.

Said US Government: “Apparel articles entered in excess of these quantities will be subject to applicable customs tariffs,

“For   apparel articles wholly assembled in one or more beneficiary Sub-Saharan African countries from fabric wholly formed in one or more beneficiary countries from yarn originating in the US or one or more beneficiary countries, the Financial Year (FY) 2019 limit is 2,048,357,135 square meter equivalents (SME) (up 1.3% from FY 2018),

 “Of this amount, 1,024,178,567 SME (up 1.3%) is  available for apparel articles  imported  under the AGOA third-country fabric provision, which  provides preferential treatment for apparel articles assembled in one or more lesser   developed  beneficiary  countries regardless of the country of origin of the fabric used,”

 The AGOA program is set to expire at the end of September 2025.

 Read more on: https://www.cbp.gov/trade/quota/bulletins/qb-18-136-2019-agoa-limits

 

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