Malawi Confederation of Chambers of Commerce and Industry (MCCCI), which is a partnership of enterprises and associations representing all sectors of the economy of Malawi, has raised concerned over energy supply shortage and high cost of doing business.

The above was discussed at MCCCI annual general meeting, where the firm’s President, Prince Kapondamgaga outlined the obstacles, blaming the players in the financial sector for ‘exaggerating risks associated with lending’.

Noting an improvement in electricity due to consistent rains, Kapondamgaga still noted that this was not an effort by Escom nor Egenco. “We should not use this perennial excuse of water levels in Lake Malawi as permanently justifiable”