Lilongwe – The Malawian government has taken a bold step in addressing the concerns of vendors struggling with the rising prices of second-hand goods. Minister of Trade and Industry, Sosten Gwengwe, announced that all business licenses for second-hand wholesalers and retailers, known as Kaunjika traders, have been revoked with immediate effect.

Speaking to vendors who gathered at the Parliament Building in Lilongwe to present their grievances, Gwengwe assured them that the government is committed to stabilizing prices and restoring fairness in the market. He emphasized that this decisive action aims to regulate the sector and curb unjustified price hikes.

“As part of the solution, we have revoked all licenses for suppliers of second-hand goods to bring order to the market,” said Gwengwe. “Affected shops will remain closed until the situation normalizes.”

Earlier today, frustrated vendors took to the streets, marching to Parliament to voice their concerns about escalating costs that have made it difficult for them to sustain their businesses. In response, Gwengwe pledged that the government will work closely with their committee to develop long-term solutions ensuring price stability.

The Ministry of Trade and Industry has warned that anyone operating without reapplying for a new license will face legal consequences. Meanwhile, businesses involved in the second-hand trade will need to re-register under new regulatory measures.

This intervention underscores the government’s commitment to protecting small-scale traders and ensuring that the Kaunjika market remains a viable source of affordable clothing and goods for Malawians.