The Malawi Agriculture and Industrial Investment Corporation (Maiic) has revealed that the company is poised to record a 100 percent profit jump to over K1 billion this year. This comes at a time the firm has maintained an upward trajectory in its profitability, having recorded a K718 million profit-after-tax at the end of the third...
Nsanama Women Cassava Cooperative – 250 women cooperative processing cassava flour in Machinga “MAIIC/AGCOM pachiongolelo.” MrsLoveness Andiseni, Cooperative Chair, Nsanama Women Cassava Cooperative.
Malawi Agricultural Industrial and Investment Corporation (MAIIC) has pledged to finance entrepreneurs to boost their businesses, saying they have strategies in place to assist them. MAIIC managing director Taz Chaponda made the pledge on Wednesday in Lilongwe during the launch of a two-day Access to Entrepreneurship Financing Workshop organised by National Planning Commission (NPC) and...
The Alliance for Green Revolution in Africa (Agra) has launched the Malawi Agribusiness Deal Room under the African Green Revolution Forum 2021. The Agribusiness Deal Room is Africa’s matchmaking platform at the African Green Revolution Forum (AGRF) for catalysing investment into African agriculture. The room supports enterprises and governments through a combination of in-country project...
The Alliance for Green Revolution in Africa (Agra) says Malawi needs about $6 billion (about K4.8 trillion) annually to realise quick agricultural transformation for economic growth. The revelation follows the introduction and launch of the Agribusiness Deal Room on Wednesday in Lilongwe, which is Africa’s premier matchmaking platform for the coming African Green Revolution Forum...
The Malawi Agriculture and Industrial Investment Corporation (MAIIC) plc saw its net profit for the year ended December 31, 2020 at MK280 million after registering a loss of MK431 million in 2019. This is according to a financial statement the firm published yesterday. Notably, most of the players in the financial services sector registered profitability...
The Malawi Agricultural and Industrial Investment Corporation (Maiic) has over just a year of operation mobilised K11.5 billion for local projects, whose total cost or capital expenditure is about K19 billion. To achieve this in just a year after kick-starting its operations in October last year, Maiic has used part of its own resources (about...
The World Bank has given the Malawi Agricultural and Industrial Investment Corporation (MAIIC) a sum of $16 million [about K12 billion] loan from tto boost businesses among small and medium enterprises (SMEs). According to the Maiic Managing Director Taz Chaponda, the sum aims for SMEs in agriculture, Information and Communication Technology (ICT) and manufacturing sectors....
In the year just gone, the financial sector registered historical breakthrough in the birth of the Malawi Agricultural and Industrial Investment Corporation (Maiic), the first-ever public, private partnership (PPP) development finance institution. When Maiic was being launched in Lilongwe, President Peter Mutharika, touted the institution as a platform for facilitating investments in a wider spectrum...
