AIHC is a 100% owned subsidiary and investment arm of Admarc. Established in 1991, its core objective is to manage the investment made by Admarc in various sectors of the economy, which facilitate the development of agriculture and the agricultural based economy.

 Investment Portfolio | Finance & Banking | Crop Marketing | Transport & Freight | Manufacturing

Investment Portfolio

Having fully privatised three companies, the current investment portfolio of AIHC comprises 6 subsidiary companies and 9 associated companies. AIHC's interest in it's associated companies, range from 22.5% to 50%. Most of the associated companies are partly privatised, while all companies in the investment portfolio are earmarked for privatisation.

The current investment portfolio is in the following sectors of the economy.

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Finance & Banking

Crop Marketing

Auction Holdings Ltd (AHL) - 47%.

AHL operates three auction floors, one in each of the country's three regions. The auction floors are a market palace for non-manufactured tobacco. To date AIHC has sold 12% equity of AHL, out of its original 59% shareholding, to tobacco farmers and employees of AIHC and its group companies.

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Transport & Freight

Malawi Finance Company Ltd (MFC) - 100%

A procurement agent company with established offices in Johannesburg and London and affiliated to the Charles Kendall Group, a worldwide procurement agent. Facilitating external procurement of machinery and parts, farm inputs & implements and manufacturing inputs.

MITCO LTD - 100% owned

A transport broking company. Linking up Malawi's small-scale transporters and big companies in transportation of bulk agricultural inputs and produce within the country and the Southern Africa Region.

Shire Bus Lines - 71%

Shire Bus Lines operates a countrywide passenger service, reaching the most remote areas of the country. Shire Bus Lines is the main provider of transportation for small holder farmers.

Manica - 50%

A freight forwarding company. The main agent in the country's importation and exportation.

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Manufacturing

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AN OVERVIEW OF ADMARC

The Agricultural Development and Marketing Corporation (ADMARC) was established by an Act of Parliament in 1971 with the objective of carrying out trade in small holder agricultural produce, supplying farm inputs to small holder farmers and exports of various agricultural produce for foreign exchange.

The Act also empowered ADMARC to invest in viable activities such as agro-processing with a view of adding value to Malawi’s agricultural produce.

In this line, the Corporation operates two Ginneries which are basically for processing of seed cotton, groundnut factory for grading of groundnuts into exportable grades and rice mills for rice processing.

Tobacco, which is the largest foreign exchange earner for the country, remains the main crop for ADMARC in terms of capital outlay and the realized revenue. The crop is basically grown by small holder farmers and is sold through the Auction Floors which are strategically positioned in the three regions. Other crops of great importance are Cotton, groundnuts, Pulses and Chillies.

Following the liberalization of agricultural commodity marketing late 1980’s the Corporation controls almost 60% of agricultural commodity marketing down from the monopoly era where she used to handle 90% of marketed volumes. However, in order to boost her share and compete effectively with other intermediate buyers, the Corporation moved away from the pan-territorial/pan-seasonal pricing, to localised pricing where prices are area specific as determined by demand and supply and through provision of credit facilities to farmers for some strategic commodities the Corporation is able to increase her share and increase production of other commodities.

The sourcing of these agricultural commodities is normally from own funds, local banks and offshore borrowing. For example the current season the Corporation is expected to spend well over MK2b for purchases.

As a nation-wide agricultural marketing organisation, administratively, the Corporation is managed by an Executive Management team, composed of the General Manager as Chief Executive, Mr. Friday Jumbe, a Deputy General Manager, Mr. E.Y Sawerengera and two Assistant General Managers for Finance and Marketing Peter Mulamba, Albert Kuthemba-Mwale respectively.

The Corporation employs about 8000 permanent members of staff and during peak period when crops are being sourced, the number goes up to almost 15,000 including seasonal staff. These people work in 100 markets/depots and about 1000 seasonal markets, which are scattered all over the three regions of the country.

ADMARC INVESTMENT HOLDING COMPANY LIMITED (AIHC)

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