Malawi MAIIC orders Mega Farmers to deliver maize by November 22

The Malawi Agricultural and Industrial Investment Corporation (MAIIC), in conjunction with the Ministry of Agriculture, Irrigation and Water Development, has directed Mega Farms beneficiaries with outstanding loans to deliver maize stocks to designated depots by November 22.

MAIIC Managing Director Taz Chaponda stated that the maize belongs to the Government of Malawi and is intended to support national food security. The recovery effort aims to safeguard public resources extended through the agricultural financing programme.

Beneficiaries must deliver stocks to depots operated by the Agricultural Development and Marketing Corporation (ADMARC), the National Food Reserve Agency (NFRA), or the Agricultural Commodity Exchange for Africa (ACE). Failure to comply may result in referral to debt collectors or legal proceedings to recover outstanding amounts, including interest and legal costs.

The directive follows a High Court of Malawi Commercial Division ruling that discharged an injunction previously obtained by 48 mega farmers on behalf of 800 others, which had barred MAIIC from recovering overdue loans.