The Kasungu Municipality assessment committee which comprised of Malawi Police Service, officials from different departments in the municipality and other stakeholders on Monday released assessment report regarding the fire which razed down the Kasungu Central Market.
The assessment committee has found that the fire has damaged goods wealth K10.3 billion after several shops, from those that sell hardware items to those selling cosmetics, butchers and restaurants inside the main market were reduced to ashes.
Kasungu Municipal Council public relations officer Martin Kadyakapita, who ruled out arson, confirmed that indeed the assessment committee has release the report.
“The report indicate that the fire has razed down goods wealth K10,298,627.00,” said Kadyakapita.
Kadyakapita said so far the committee has revealed that I,112 vendors have been affected.
Fire which is s said to have started at around 10pm on Friday, gutted Kasungu market , especially the section near the bus station.
On Saturday, vendors took to the street demanding the resignation of Kasungu Chief Executive.
Fire is suspected to have started from an electrical fault in one of the shops.
Kasungu Police spokesperson Edwin Kaunda said they are still investigating to establish the cause of the fire.
The fire comes barely two weeks after another part of the same market was destroyed by a blaze.