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RBM cuts policy rate to 14.5

The Reserve Bank of Malawi (RBM) has reduced the policy rate from 16 to 14.5 percent and has also set commercial banks base lending rate at 14.9 percent.

Policy rate is a determinant of calculating base lending rate by commercial banks.

The development is expected to make credit available and cheaper to borrowers.

With this development, Commercial banks are expected to price their loans around 19 to just above 20 percent depending on customers risk profile.

Reacting to the development, MCCCI Chief Executive Chancellor Kaferapanjira said the private sector is hopeful that the cuts would be passed on to borrowers and that in the medium-term translate into increased lending to the real sector for productive purposes for the benefit of all economic participants in the economy, consumers and producers.

“We, thus, expect commercial banks to respond immediately to these measures in order to benefit the real sector.

Small businesses hail Farmers Market

Small businesses have hailed the first ever Farmers Market organized by MCCCI saying it’s a step in the right direction to provide the much needed visibility especially to small businesses. James Manda of James Crafts Works, noted that the city of Blantyre did not have a market that uses the Famers Market concept.

Manda said: “I encourage MCCCI to keep its word to hold these markets every month. It shouldn’t be just a one off thing,”

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

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