Government issues 7 licences to imported cooking oil traders

Government authorities say they have issued seven import licences in the past two weeks to traders importing cooking oil.

Mayeso Msokera

The ministry of Industry and Trade says this is a move to curb continued increase of the commodity’s price on the local market.

The ministry’s spokesperson Mayeso Msokera said that the issuance of the licenses is expected to increase supply of the commodity on the market and result into reduced price of the commodity.

He said the imported cooking oil will start arriving in the country in a week time.

Meanwhile, Malawi University of Business and Applied Sciences business and economic expert Dr Betchani Tcheleni has welcomed the development saying it will give opportunity to Malawians to access the commodity at a lower price.

Follow and Subscribe Nyasa TV :

Sharing is caring!

Follow us in Twitter
oldest most voted
Inline Feedbacks
View all comments
2 years ago

This is a good move for the government, but even if the oil sellers at a wholesale will reduce the prices but the retailers who sales to the people will still put the prices up.
The Malawi bureau of standard is not helpful, it just goes around the shops and come out without biting anybody.

Julius Namitembo
Julius Namitembo
2 years ago

Which Companies or Traders or Companies have been given Licence to Import the cooking oil which will Externalise Forex out of Malawi 1. It will never reduce the Prices of Cooking Oil by Importing 2. What happened to Govt Threat to Open there Own Cooking Oil Manufacturing Company 3. MRA will loose more Taxes and Revenue 4 To Import Forex is Needed which is NOT available in Malawi and Situation is worst at Banks 5 it is complete Wrong Decision by Govt instead of giving Manufacturers More Incentives they are encouraging Theives to do more Robberies of Taxes Lets wait… Read more »

Read previous post:
PAC to meet Afrobarometer

Public Accounts Committee (PAC) of Parliament says it will seek audience with Afrobarometer on the issue of corruption in the...