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125th Annual General Meeting of the MCCCI

Today members of the Malawi Confederation of Chambers of Commerce and Industry held an Annual General Meeting in Blantyre, where members were re-assured that the confederation will forever aspire to empower members, as well as inspire transformation of all those it serves for the better and true to its tagline, The Voice of the Private Sector.

In his 2018 report, MCCCI President Prince Kapondamgaga said in the year gone by, MCCCI had almost single handedly prevented a 60 percent major tariff hike by ESCOM to 31.8, which could have escalated electricity tariffs by 33 percent.

He said: “We regard it an illusion when Government pronounces that it is committed to industrial development of this country, whilst industrial companies continue to be heavily penalised for choosing to invest in this country through exaggerated tariff rates that subsidise non-developmental consumers”

Turning to membership, he said MCCCI would like to see a more inclusive membership through the introduction of a new category called Star to cater for the needs of micro and small scale enterprises and cooperatives.

Public Private Sector Development Forum established

TEVETA, has established a Forum for Dialogue with private sector coordination organisations of MCCCI and ECAM called Public Private Sector Skills Development Forum.

MCCCI signed a Memorandum of Understanding with TEVETA last week. The forum will be a platform for systematic and formal interface, dialogue and consultation through periodic meetings among the private sector.

The forum will provide an interface and bring together a wide range of experts/representatives from the private sector and TEVET institutions to share information on skills development, fill the information gap between private sector, TEVET Authority and other public and private stakeholders.

The outcomes for the forum are to create a regular dialogue between public and private sector and supporting a private sector oriented skills development, working relationships between private public companies. The forum will also see improvements of TPIs and TEVETA and support a more active participation in the organization, arrangement of the TEVET Authority and engagement of the private sector for qualitative vocational training.

 

MCCCI introduces SME Expo

In line with promoting small businesses which are the economic drivers in many economies, The Malawi Confederation of Chambers of Commerce and Industry is introducing the SME Expo 2019. The trade event will be held from the 26th to the 28th April 2019 under the theme SME Growth through Business Linkages.

 

The SME Expo is set to attract all – sector local and regional businesses, including SMEs, Corporates, financial service providers, business advisory service providers, business information providers, academic institutions and other institutions provide business development services.

 

The event intends to bring a diverse spectrum of businesses as it brings solutions to the numerous challenges that SMEs face. The solutions are meant to bring about transformation of the #SMEbusinesses, hence “enhancing Growth”.

MCCCI thus calls the entire business community to take part in this first ever SME Expo. For more details, please contact, Linda Pete on 0999 361 132 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

Save the DATE! Farmers Market

Ever wanted to own a bank?

The Reserve Bank of Malawi (RBM) is undergoing a process of developing a framework for the introduction of Community Banks serving a specific geographical location.

Through community banks, the RBM aims to create economic empowerment to local entrepreneurs/investors as well as easier access to banking services for members in a specific community.

 Some of the proposed regulatory insights include an application fee of MK1.0 million and capital requirement of MK500M to MK1.0 billion. Restriction on deposit mobilization and lending to specific location to serve intended policy objective.

 RBM said only incorporated entities/companies will be licensed as community banks with risk management policies similar to banks but relaxed in terms of threshholds/quantum.

The regulations demand normal MIS systems to be mandatory with almost all products/services offered by main stream commercial banks except investment banking, security brokerage and a few others.

 Proposed depositor protection include requirement to hold minimum liquidity ratio, debt financing not allowed as startup capital, caps on lending ratio subject to liquidity management practices and timely recognition and provisioning on bad debts.

 

"Africa continent of the future"

Ghana’s Vice President Dr Muhamudu Bawumia says India and Africa should aspire for economic freedom.

He said this when he addressed the 14th CII-Exim bank Conclave on India Africa Project Partnership.

He said the India-Africa Partnership can create a new paradigm for South South cooperation adding that Africa is the continent of the future.

In his keynote address, India’s Minster of Commerce and Industry Suresh Prabhu said India and Africa has the same problems and need to fight together.

He said in the partnership, India does not want to benefit at the expense of Africa but would like to help Africa using specific country profile of priority areas.

Confederation of Indian Industry (CII) has organized the 14th edition of CII-EXIM Bank Conclave on India - Africa Project Partnership, from 17 – 19 March 2019 in New Delhi, India.

 

Over the last 13 editions, the conclave has proven to be a one stop shop that caters to the interests of both business and political stakeholders, alike.

Want to attend a trade show in USA?

The Southern Africa Trade and Investment Hub will support export-ready specialty food ingredients firms from Southern Africa to exhibit at the Institute of Foods Technologists (IFT19) Show to take place from 2- 5 June, 2019 in, New Orleans, USA.

IFT is an Annual Event and Food Expo that showcases talent and creativity in the science of food.

The Hub is therefore inviting specialty food ingredients firms (e.g. spices, baobab, moringa, specialty teas, honey, etc) to exhibit under the Hub-sponsored Africa Fine Foods Pavilion.

 The firms should be interested in exporting to the U.S. The Hub support will cover:

  • exhibition space,
  • pavilion build-up,
  • pavilion and booth branding,
  • marketing: email blasts to buyers, exhibition booklet, and
  • marketing linkages support.

Exhibitors are expected to cover the following costs:

  • airfare,
  • accommodation and,
  • samples freight costs.

If interested, kindly complete a form on https://www.iftevent.org/register/why-ift19.

 

Leadership and Management Training

MCCCI has organised leadership and management trainings in Blantyre on the 7 and 8 March 2019 and in Mzuzu on 14 March 2019.

Why should you attend?

Because the level of success an organization enjoys, hugely depends on the organizational leadership and its management style. Building effective leadership and managerial skills is critical to help you and your organization succeed. Organization attitude and behavior, work environment, conflict management, organizational structure, power and politics, culture and many other organizational aspects are all affected by the actions of leadership and management. This course looks at leadership from that perspective, and provides participants with an opportunity to gain a solid understanding of leadership and management in order for them to establish the right style of leadership to add immediate value to the organization and their staff.

Who should attend?

Designed for business leaders, the course, will equip participants with skills in: organizational behavior and leadership, leadership and managerial skills necessary for increasing organizational productivity, leadership and management styles from the context of teams, conflicts and decision making, the importance of leadership/management and its impact on organizational culture, managing groups and teams, Managing change, Motivation, Results orientation, Influencing other Conflict management.

Please confirm your attendance by contacting Linda on 0999 361132, or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it and Innocent Nyirenda 0997991169 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Scaling Up Nutrition Business Network to be launched

Scaling Up Nutrition Business Network (SBN) a global movement under Scaling Up Nutrition (SUN) will be launched in Malawi on 20 February, 2019 in Blantyre in an effort to improve nutrition.

Addressing members of the press in Blantyre last week, Chairperson for SBN, Sunbird Hotels represented by Oswald Bwemba said, SBN is dedicated to reduce malnutrition from 35% to 32% in all its forms by 2025 - through engaging and supporting businesses to act, invest and innovate in responsible and sustainable actions and operations.

“It is the understanding of SBN that businesses thrive when they operate in healthy environments and that business and nutrition is a win-win deal. As such, both micro and macro businesses are being mobilized to join the fight against malnutrition,” he said.

SBN intends to mobilize businesses to contribute towards the reduction of malnutrition; to make good nutrition more aspirational, accessible, affordable and available for the consumer.

“We are calling upon businesses to join and get engaged to drive scaling up nutrition so that we can end malnutrition in Malawi. Membership to SBN is free of charge and open to all businesses in all sectors, he said.

SBN is being championed by Malawi Confederation of Chambers of Commerce and Industry (MCCCI) and Ministry of Industry Trade & Tourism, the Department of Nutrition, HIV & AIDS (DNHA) with support from World Food Program (WFP) and Civil Society Organizational Nutrition Alliance (CSONA).

COMESA to host SOURCE21 International Trade Fair

COMESA will host the SOURCE21 International Trade Fair and High level Business Summit from the 17-21, July 20COMESA will host the SOURCE21 International Trade Fair and High level Business Summit from the 17-21, July 2019 in Nairobi Kenya under the theme “Hallmark of Quality

The objective of the fair is to increase intra-regional trade and promote business development through partnerships, collaboration and buyer-seller initiatives in both the manufacturing and services sector in COMESA.

 According to COMESA there will be a High level International Business Dialogue  as a side event which will focus on engaging interested customers,  investors and businesses on gap constraints in some of the key sectors in the region, that present opportunities for investment and profitability.

 The dialogue will take place on the 17th and 18th of July 2019.

 The dialogue will engage on investment projects presented and encourage business promotion in line with clinching possible partnerships with stakeholders present.

 Industry positions from the various sectors will also be drawn during the dialogue. The business forum will create a platform for sharing opportunities for business linkages with possibilities establishing these business partnerships.

 For more log on to: http://comesabusinesscouncil.org/source21

 

 

 

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