Local Dairy Farmers In Loss Business

A study by Civil Society Agriculture Network (Cisanet) has revealed that local daily farmers are making losses in their business despite demands to improve milk prices.

 

Cisanet National Director, Pamela Kuwali told stakeholders in Lilongwe recently that key findings of their study revealed that dairy farmers were making losses largely due to high operational costs and low milk prices.

 

The stakeholders included dairy farmers, processors and extension workers.

 

Assets Bill To Fight Public Procurement Corruption

The enactment of the Public Procurement and Disposal of Assets (PPDA) Bill of June 2017 is expected to eradicate corruption in public procurement, Director of Public Procurement (DPP), Paul Taulo has said. 

 

Taulo said the Bill will promote capacity building, monitoring, oversight and regulatory activities, adding that they are in the process of establishing the PPDA.

 

Sunbird Offers Customers Loyalty Programme

Sunbird Hotels and Resorts has introduced a customer loyalty programme branded as Sunbird Premier Club as one way of rewarding customers’ loyalty.

 

Sunbird Chief Executive Officer, Yusuf Olela told the local media that the initiative is one way of delivering personalized service to exceed the expectations of its customers.

 

“The privileges are unparalleled on the market and include various discounts and  omplimentary services that are positioned to wow our guests and customers,” said Olela.

 

FMB And Opportunity Bank Merger Approved

Authorities have approved the merger of FMB Bank and the Opportunity Bank of Malawi (OBM).

 

FMB has been given regulatory approvals to proceed with its acquisition and merger of OBM following an agreement reached in June between the two banks.

 

The approval means that once finalized, FMB will have 100 percent ownership of the micro-lending institution.

 

FMB Group Managing Director, Dheeraj Dikshit said with all approvals now in place, they will shortly commence the process of integrating the operations of both banks.

 

Experts Divided Over Grain Export Mandate

Local experts in agriculture are failing to agree on whether Malawi should have an export mandate or an auction market for grain produce.

 

Some experts have been calling for the country to have a mandate to act as a policy to restrict exportation of agriculture produce through deliberately established structured markets.

 

Essentially, the mandate will be forcing farmers and traders to declare their commodities on the market, and will be obliged to also declare proceeds from the sales made.

 

Comesa Considers Malawi’s Inflation Highest

Common Market for Eastern and Southern Africa (Comesa) has rated Malawi’s inflation as fourth highest.

 

Malawi is one of the countries in Comesa region where the prices of goods and services are increasing at a faster rate.

 

Out of the 15 participating member countries that contribute to the Comesa Harmonized Consumer Price Index (HCPI-Comesa), Malawi is ranked on position 12 with an inflation rate of 13.1 percent.

 

Comparatively, in August 2016, Malawi was rated as the second highest with an inflation of 25.1 percent.

 

Press Corporation Advocates For E-Procurement

Press Corporation Limited (PCL) has urged local companies to adopt e-procurement as one way of fighting corruption and improving service delivery.

 

PCL Group Chief Executive Officer, George Partridge made the call when he presided the official opening of this year’s annual procurement and supply management conference organized by the Malawi Institute of Procurement and supply (MIPS) in Mangochi on Friday.

 

World Bank Ingests K121 Billion To Transform Malawi’s Irrigated Agriculture

The World Bank has approved $166 million (about K121.8 billion at current exchange rate) to transform Malawi’s agricultural productivity through irrigation, lay the foundations for commercialization, and improve management of natural resources in the Shire Valley. 

 

The financing, approved today (Thursday October 19th, 2017) by the World Bank Board of Executive Directors is for the first phase of the Shire Valley Transformation Program (SVTP-I). 

 

AICC Proposes Structured Grain Marketing System

The African Institute for Corporate Citizenship (AICC) has proposed the need to have a structured commodity marketing to ensure farmers are able to earn more from their produce.

 

AICC Head of Programmes, Driana Lwanda made the proposal during a media briefing on Tuesday in Lilongwe, saying that the country requires proper direction in grain commodity marketing.

 

“Through the auction system, multiple buyers compete in offering prices and that would be easier for the grain to be marketed and for farmers to make profits from their grain produce,” Lwanda said.

Maize Farmers Against The Export Ban

Local maize farmers have bemoaned by the failure by the government to listen to their pleas that it should lift the export ban imposed on the grain.

 

The farmers have complained that government is not helping them to get just rewards for their sweat by continuing to ban export of the staple grain.

 

Government banned maize exports early this year to avoid creating shortage for the grain.

 

Ministry of Agriculture, Irrigation and Water Development said this year the country produced a maize surplus of more than 30 percent.