Admarc in danger of failing to repay PTA bank loan

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…Vendors slash down maize price

Agricultural Development and Corporation (Admarc) is in danger of failing to repay the loan obtained from Preferential Trade Area (PTA) bank to buy maize.

The development follows the high price set by Admarc for citizens to buy the staple grains in its depots in comparison to prices set by vendors.

Admarc Malawi

More trouble for Admarc.

For the past months vendors have been selling a bag weighing 50 Kilograms (Kgs) at K11,000 while Admarc is selling the same bag K12,500.

A survey by local media has disclosed that the staple grain has further gone down in the capital Lilongwe, with vendors selling a 50kg bag at a maximum price of K9,000.

 

Speaking on the local press, one vendor, Arnold Mtambe disclosed that the price might further go down in the coming weeks due to high expectations that people are to have bumper harvest.

“People have seen that they are likely to have good yields for this season and we are just selling so that we can prepare for the next marketing season,” said Mtambe.

Some vendors have disclosed that the slash down has been due to distribution of maize in rural areas to hunger stricken people.

A controversial debate sparked in Malawi Parliament last year when opposition legislators took to task the agriculture minister George Chaponda on the high price of maize by Admarc.

The lawmakers argued that the price was not affordable to rural citizens of the country.

However the minister responsible Chaponda said Admarc is selling the maize at K12,500 to recover money amounting to USSD50 million from the PTA.

Admarc Chief Executive Officer (CEO) Foster Mulumbe said the grains were bought at a high price from neighbouring country Zambia.

 

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58 Comments

  1. This country is about to die sudden death with government looting these so called ministers and their bwampini president will run away one day after they have finished the money in the government pulse

  2. People are suffering too much in malawi,having to look at the picture the landowners are looking like refugees.this government is worse than muluzi’s.

  3. I have lived in all governments, from NYASALAND to MALAWI. This is the only government that has it’s maize more expensive than the traders/vendors charge. Making it difficult for its own citizen’s to access. 2017 has gone into history as the first time in history MALAWI GOVERNMENT had most expensively raised the grain than traders/vendors.

  4. Abweze Yekha Chapondayo Kuno Mtengo Wachimanga Ndi K190 Pa Kg Ndingachite Zokagula K250/kg Nyembaso Zacha Bola Kungodya Chisinkho Chanyemba Tulo Tapezeka Ambuye Ngwabwino Sadzalora Ana Ake Kuzuzika Mopitirira Muyeso

  5. Ngati Peter amadana ndi ziphuphu kapena kuba awonetse mphamvu chifukwa iye amati mdani wake wamkulu ndi njara nde tiwona tikudikila tione pomwe pakhota nyani mchira.

  6. That’s totally ridiculous. So poor people must buy maize at a higher price so that u can pay ur Debt? Stupid. Think twice other wise we are all going to die with Hunger.

  7. koma zikundidabwitsa ku thyolo anthu akulandira chimanga kwabasi moti zanjara angomva kwa anthu ena , kaya boma lililonse ndi choncho kaya ?

  8. Amalawi timakonda nkhani ngakhale tisanafufuze zoona zenizeni ,Chakachomwe chino antitank nkhani kuti aPresident amwalira kenaka tinamva kuti adwala sangathenso kulamula, lero tikumva zakubedwa kwa chimanga kodi ngati anthu amene atchulidwawo azapezeke osalakwa ndindani azawalipire?

  9. US Trump will soon definitely impose travel ban on some African political leaders. Malawi is on Number 5. That’s why Chaponda has volunteered to appear before Parliamentary committee on maize gate. Trump believes corrupt politicians are behind sponsoring terrorist groups in the continent. An Inquest on acclaimed Professor in Law and our current state president is under way,..by CIA and FBI. Watch out….

  10. Nokha mukulephera kuganiza zoona.. Ma vendor anabisa chimanga chawo kuti azagulise chikazakwera mtengo ndiye pano chifukwa chokuti Boma linagawa chimanga zapezeka kuti Malonda a Chimanga sanawayendera ndi chifukwa chake angoganiza zosisa mtengo. lachitisa kuti chimanga chisike ndiye bomalo chifukwa chogawa chimanga

  11. Mukuwona ngati vuto kwambiri kuti abweze ngongoleyo,atibelanso ife amene pamene tidzizindikira atathana nazo,kenako ife chopangapochake ndikungotukwana pa fb pano,paja nayo Airtel yikuyalura eqiup yake,kudzangokhala kufuwulira mmimba akumve ndani kapopa ngolone aaah!

  12. U! U! U! U! Manje it iz true kuti Mulungu si Chaponda, zoona kukhala ni njala kwa ampawi ikakhale njira yomangira tinyumba twanu? M’malo mokambirana kuti Njala isileko,busy busy kupushing’a kuti njala ikulireko. Lero niye mwanyala, Mulungu wamva kulira kwa Ana ake nipo iye akupondani maningi achaponda nonse,aa! Check dis Out!

  13. apa ndiye timati wagwa nayo coz munatenga chilala kukhala busnes yanu yotentha kuiwala ma plan amulungu lero chimanga tikugula besen 700 kwa venda inu muti 12500 atagule ndi achambuyanu chimenecho. pompano tiyamba kuotcha mondokwa mulungu siwaku thyolo apo muziwe ndithu sazalola phazi lathu literereke pamaso pa chaponda that’s kuli mvula yamtendere kufuna kuchitisa manyazi akuba nonse muona mene mupangire kuti mubweze chuma mwabacho muzina lachimanga

  14. Big Up Mavendor mwaitha, Admarc tikagula 50 Kg Imakhala 40 Kg, ndiye upereke 12.5 Sizoona zimenezi, ngati akufuna agulitse 6 Thousand anthu agula ndima 40 Kg awowo. Mviiii Admarc,

  15. So now u have realised that they can fail to repay loan n yet ur the same pple saying atsitse mtengo mukuziwa kuti ndi ngongole

    • My friend, don’t be fooled with the politicians. Do u think kut m’mene boma limakongola ndalama linalibe ndalama zoti litha kugulira chimanga? Ndindalama zingat mabungwe ndimaiko athandiza Ku ziko lamalawi kuti ligule chimanga. Mukukhulipilira kuti admark sinagulise chimanga kut atha kubweza ngongoleyo?

  16. Apereka Chaponda zimene anaba zija mmayesa Mulungu samaona? Mwagwa nayo a PTA ngati sabweza ndalamayo amangidwe kapena mungowaranda manyumba awo ndikugulitsa

  17. It seems they will pay for their own corruption this time around.. maize prices are going on a downward spiral. K12 500 a bag is insult to the very people in whose name the maize was bought.

  18. Dats gud! They should get a lesson! Vikhaule mitengo kumangokweza daily! Akhaule ndthu alibe chison munangodyaso ndalama apa!

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