The Malawi Government has revoked all business licenses for wholesale traders importing second-hand clothing bales, ordering them to halt operations immediately until they reapply for registration.
Minister of Trade and Industry, Sosten Gwengwe, made the announcement at Parliament Building on Tuesday in response to a petition from market vendors protesting against the rising cost of living and unpredictable market conditions.
Gwengwe emphasized that the government is committed to improving the socio-economic status of its citizens and will implement measures to cushion market traders and the general public against economic hardships.
“As of this moment, we have revoked all wholesale traders’ licenses. As such, they must stop all operations until they register,” he declared.
Meanwhile Gwengwe has directed that the prices of second-hand clothing bales be reverted to December 2024 levels, as the government will now provide forex to importers.
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Additionally, Gwengwe has instructed government agencies, including the Malawi Revenue Authority, to cease impounding bales of second-hand underwear and bras, stating that vendors are now permitted to sell these items freely.
The revocation of licenses follows a sharp increase in the price of second-hand clothing bales, a situation that has forced many small-scale Kaunjika traders out of business, putting immense pressure on traders and consumers alike, with many struggling to sustain their livelihoods.
