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EDF targets 120 000 tonnes rice export in 2018

Export Development Fund (EDF), a financing institution for export business, expects the country to export 120 000 tonnes of kilombero rice in 2018 through the pre-season contracts that have offered to farmers after securing markets for the crop.
This development comes at a time rice growers are producing below the required demand, a situation they attribute to lack of viable markets for the commodity.

In an e-mailed response on Tuesday, EDF business development manager Stanley Saka said the target is to get as many commercial farmers as possible to benefit from the huge market for kilombero rice in Africa and beyond.He said EDF and its partners will explain the export market arrangements.

EDF recently signed a memorandum of understanding (MoU) with Mtalimanja Holdings and AHL Commodities Exchange (AHCX) to provide financing to farmers to grow rice.

“So far, the response from farmers is good and we have no worries over productivity as we have put in place production boosting mechanisms to ensure that all the commercial farmers produce rice twice a year while working with our partners.
“Kilombero rice farmers should look after the rice well as there is a ready market and we expect Malawi, through this programme to export 120 000 tonnes next year,” he said.
Already, Tobacco Association of Malawi (TAMA), the largest tobacco association with 120 000 members, which is diversifying to other value chains has hailed the move, but cautioned farmers to understand the contracts, especially when it comes to the price before signing.
But Saka has ensured farmers that all the contracts include prices and all willing farmers know the price before signing the contracts.
According to African Institute of Corporate Citizenship (AICC), in the previous growing season, Malawi failed to meet the global rice demand despite having potential markets in Africa, Asia and Europe.
In an earlier interview, managing director of Mtalimanja Holdings Limited (MHL) David Kamchacha said Malawi has the potential to earn about K293 billion from rice as the crop is on high demand on the global market.

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CALLING MALAWIAN EXPORTERS

CALLING MALAWIAN EXPORTERS

The Malawi Investment and Trade Centre (MITC) in partnership with the Export Development Fund (EDF) have joined hands to promote exports through trade facilitation and market development. Malawi imports more than her exports affecting economic growth.
We are calling for expressions of interest from existing and potential exporters of the following:
  1. Commodities: Soy bean, sunflower, pigeon peas, cow peas, chick peas, groundnuts and sugar beans. Products from these commodities are also welcome.
  2. Value added products: Cane furniture, wooden furniture products, textile products, honey products, horticultural products, animal skins and hides, cotton lint, leather products, precious stones and gemstones, chilies and spices, meat and poultry products.

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EDF AND MTALIMANJA JOIN HANDS TO PROMOTE RICE EXPORTS

EDF AND MTALIMANJA JOIN HANDS TO PROMOTE RICE EXPORTS

Export Development Fund Ltd (EDF) and Mtalimanja Holdings Limited have today signed a Memorandum of Understanding to engage in various interventions in commercial production of rice for the export markets. This agreement was reached following the realization that rice growers in the country are not fully empowered and integrated in global value chains resulting in them not benefiting from the value chain. The agreement is aimed at addressing several issues in the rice value chain, like quality and productivity, and is targeting the lakeshore rice growing region from Nkhatabay to Dedza. The immediate benefit to farmers in these areas is that they shall have a ready market for their paddy.

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Production of selected crops for export market

Production of selected crops for export market

Life is a series of natural and spontaneous changes. Don't resist them - that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like. Live each day as it were your last. We are taught you must blame your father, your sisters, your brothers, the school, the teachers - but never blame yourself. It's never your fault. But it's always your fault, because if you wanted to change you're the one who has got to change

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Kayerekera Mining Project receives EDF boost

Some economic commentators have supported the government's drive to champion a fast-tracked export development initiative through intensified agricultural production whose output is expected to start earning foreign exchange for the country within 12 months. Finance Minister Ken Lipenga has since urged the private sector to come up with detailed proposals on how the government can support export generation ventures.

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Malawi: 'Fast-tracked exports could rescue economy'

Malawi: 'Fast-tracked exports could rescue economy'

Some economic commentators have supported the government's drive to champion a fast-tracked export development initiative through intensified agricultural production whose output is expected to start earning foreign exchange for the country within 12 months. Finance Minister Ken Lipenga has since urged the private sector to come up with detailed proposals on how the government can support export generation ventures.

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EDF explores opportunities in the mining sector

Some economic commentators have supported the government's drive to champion a fast-tracked export development initiative through intensified agricultural production whose output is expected to start earning foreign exchange for the country within 12 months. Finance Minister Ken Lipenga has since urged the private sector to come up with detailed proposals on how the government can support export generation ventures. The technocrats says Malawi must utilise its available water and land resources to satisfy the ever increasing global food demand by massively producing rice, groundnuts, pigeon peas, soya and maize. Farmers Union of Malawi (Fum) Felix Jumbe said the government must re-organise the agricultural produce marketing system to specifically focus on consolidating forex earning generating from food crops and not only tobacco. "The demand for food will never go down across the world. For your own information, just 500,000 metric tonnes of rice can earn us US$400 million, which is what tobacco normally brings," said Jumbe.

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EDF donates towards people living with albinism

Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy. I know where I'm going and I know the truth, and I don't have to be what you want me to be. I'm free to be what I want. Never give up; Never give in.

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Contact Information

Export Development Fund
Public Service Pension Trust Fund House, 1st Floor, Plot Number 13/41, Presidential Way Drive Opposite Golden Peacock Office Complex. Lilongwe, Malawi
+265 992 859 129 / 882 415 633
[email protected]

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