BY AUDREY KAPALAMULA:<\/p>\n
The Competition and Fair Trading Commission (CFTC) has signed a Memorandum of Understanding (MoU) with the Anti-Corruption Bureau (ACB) to fight anti-competitive business practices in the country.<\/p>\n
The MoU would see the two agencies cooperating in investigating and determining cases and sharing expertise, on among other elements, collusive tendering and bid-rigging in contract negotiations.<\/p>\n
CFTC Executive Director, Charlotte Malonda, said fraud and corruption remain threats to a fair and competitive business environment.<\/p>\n
She said the commission does not have the legal mandate to look into corrupt cases, hence, the partnership.<\/p>\n
\u201cACB has the legal mandate and technical expertise to intervene in corruption cases. We believe that this working arrangement will improve our capacity. We are going to be working together when there is an overlap between the core functions of the commission and the bureau,\u201d she said<\/p>\n
ACB Director General, Reyneck Matemba rated the partnership as significant.<\/p>\n
\u201cWe thought we could come together so that we are able to deal with these issues,\u201d Matemba said<\/p>\n
He said the MoU is part of their strategy to deal with corruption in both public and private sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"
BY AUDREY KAPALAMULA: The Competition and Fair Trading Commission (CFTC) has signed a Memorandum of Understanding (MoU) with the Anti-Corruption Bureau (ACB) to fight anti-competitive business practices in the country. The MoU would see the two agencies cooperating in investigating and determining cases and sharing expertise, on among other elements, collusive tendering and bid-rigging in […]<\/p>\n","protected":false},"author":3,"featured_media":68472,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-68469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/68469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=68469"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/68469\/revisions"}],"predecessor-version":[{"id":68473,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/68469\/revisions\/68473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/68472"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=68469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=68469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=68469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}