Malawi
Child Company of Malawi Investment and Trade Centre
Background
ADMARC was established as a statutory corporation under chapter 67.03 of Laws of Malawi 1971. Up to 1987 ADMARC was a sole buyer of smallholder produce. This monopoly was removed with a controlled liberation of agricultural trade. The Agricultural Development and Marketing Corporation Act (1971) was repealed in December 2003. Following the repeal, ADMARC was incorporated as a limited liability company, with Government owning 99% of the shares.
Organisational Set-up
The company has its Head Office in Limbe and 11 Divisional Offices with administrative offices in Karonga, Mzuzu, Kasungu, Salima, Mponela, Lilongwe, Balaka, Liwonde, Blantyre, Ngabu and Luchenza. The Divisional Offices coordinate all primary marketing activities within their divisions, which include buying of Agricultural commodities from both traders and smallholder farmers and conducting local sales. The Company operates over Two Hundred and forty markets (240) and 9 major depots which are scattered all over the country.
ADMARC Ltd also operates 3 cotton ginneries in each geographic region of the country, 2 dhal processing plants, a rice mill and a groundnut factory. Commodity trading at both local and export markets is coordinated by the Marketing Office which is based at the Head Office. The department determines the market requirements for various crops through trade fairs, trade missions and business trips.
Vision
A commercially viable market leader in value addition and marketing of agricultural commodities, products and services.
Mission
ADMARC Limited shall add value and market agricultural commodities, products and services to meet the needs and expectations of its stakeholders through efficient utilization of Human, Technological, Financial and other Resources to ensure sustainable growth.
Core Values
Quality; professionalism; Commercial Sustainability; Customer care; Integrity and transparency; Environmental consciousness; Equal opportunity employer.