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Fri, 24 May 2024 20:00:00 UTC @ Chavez Lodge and Lounge - On 24 May 2023 there will be a Launch of Chavez Lodge and Lounge in Dedza formerly known as Motel Domwe. During The Launch, The Black Missionaries Band, Anthony Makondetsa, Moda Fumulan... More Info
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Sat, 25 May 2024 18:00:00 UTC @ Money Men Club (Nancholi-Mpemba Road) - Beer Land Festival Brings Young Stunna all the from South Africa on 25th May 2024 in Blantyre at Moneymen Club.He will be setting the stage on fire, creating an unforgettable night of ... More Info

NEWLY SELECTED CEO GEARED TO REVAMP ADMARC, PROMISES TO RESTOCK DEPOTS

Newly appointed Agricultural Development and Marketing Corporation (ADMARC) acting chief executive officer Felix Jumbe says his immediate task will be to source enough maize and restock all strategic depots between now and April 2020.

In an interview on Monday, the former Salima Central legislator, who before his new role was board chairperson of Admarc, said he wants to revamp Admarc to reclaim its lost glory.

He said: “My immediate task is to ensure that we source enough maize and that the maize is available in all strategic depots and is within reach of anybody from now to April.”

Jumbe was appointed on Monday this week to replace Margaret Roka-Mauwa, who along with two of her executive management team members, junior staff wanted out for alleged maladministration and abuse of office.

Parliamentary Committee on Agriculture and Irrigation estimates that maize traders are hoarding about 86 000 metric tonnes (MT) against Admarc’s 17 000 MT, a situation the committee says has resulted in 1.1 million Malawians facing food shortage.

Jumbe said during his tenure, he will strive to ensure that Admarc is well commercialized to become a “source and a vehicle” for delivering better income among smallholder farmers.

He said he believes that as a ‘national aggregator,’ Admarc still has a key role to play in the economic development of the country due to its nature as well as the nature of the Malawi economy.

“When you are talking about economic development and the nature of our economy, it is an economy that is dependent on agriculture commodity market.

“ADMARC is such a tool that is a commodity market for all agricultural products in Malawi,” said Jumbe, who is also former president of Farmers Union of Malawi.

ADMARC has in the past five years drained an estimated K100 billion on recapitalization and social roles.

 

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