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Friday, August 19, 2022

Admarc Management, MCP Tussle in Zim Maize Deal

The centre continues not to hold in Agricultural Development and Marketing Corporation (Admarc) USD 22 Million Maize Deal.

In the deal, Admarc plans to sell 100, 000 metric tones to Grain Miller’s Association of Zimbabwe (Gmaz).

However, details are emerging that the board of directors, mostly Malawi Congress Party (MCP) members, are bypassing the corporation’s management in the deal.

The board is being led by Alex Kusamba Dzonzi, an MCP top official.

Meanwhile, Director of Operations for the grain marketer Gannet Gwembere has confirmed that management is totally in the dark on the deal.

The Acting General Manager of the Corporation , Jerome Chim’gonda Nkhoma, has also said that he has nothing to do with the $22 million deal, adding there were no handover notes when he assumed office.

Details have also come to light that lawyer, Abson Chitukula of Maxson Arnold & Associate, law firm belonging to one of the members of the board was engaged to facilitate paperwork for the transaction.

On Wednesday, Kusamba Dzonzi told the press that Admarc was proceeding to sell the maize.

However, statistics are showing that Admarc has only 130 000 metric tones, which means if the deal pass, Malawians will be exposed to hunger as the remaining 30 000 can’t meet the national demand for the staple grain.

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