The role of the National Oil Company of Malawi (Nocma) has come under fresh scrutiny, with stakeholders questioning its mandate in fuel procurement.
Nocma was established in 2010 under the Companies Act of 1984 with a mandate to manage strategic fuel reserves and provide, at a fee, hospitality to new entrants to promote competition and upstream oil and gas exploration.
Addressing a press briefing in Blantyre Monday, Consumers Association of Malawi (Cama) Executive Director John Kapito said Nocma had been on the market, procuring about 60 percent of fuel, which, he said, was against its mandate of being a fuel reserve agency.
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