Thursday, May 26, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Lower Shire Cooperative lands a K177m US grant

by Orama Chiphwanya
20/08/2018
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

United States African Development Foundation (USadf), an independent US agency that provides grants,  has given Lower Shire  Rice Secondary Cooperative Society  a grant amounting to $241 738 (about K177 million) to boost rice output.

The grant,  which will be disbursed over a five-year period, will assist the cooperative to procure farm and production  equipment, establish a farm input revolving and crop purchase  fund, training and technical assistance.

Jere (R) hands over the signed agreement to
Patrick Jeke (C) and Phiri

The money is expected to help about 600 rice growers in Nsanje and Chikwawa districts under the group, which comprises five cooperatives in the two districts.

Speaking during the signing of the grant last week, USadf country programme coordinator Linda Ndovie Jere asked members of the cooperative to use the money appropriately to achieve the desired results.

She said USadf expects the cooperative to have branded rice to sell in super markets to boost their earnings to ensure positive trickle-down effect.

“If utilised well, this will be a sustainable business. We have worked with one of the cooperatives that is making up the Lower Shire Rice Secondary Cooperative Society and we hope they will do as they previously did.

“What we want at the end of the day is for their livelihoods to improve. If they use this money wisely, surely their livelihoods will change for the better and they will prosper in the end,” she said.

The cooperative’s chairperson, Kingsley Phiri, thanked the US agency for the grant, describing it as a life charger.

“This is the beginning of better things for our cooperative. Previously, we faced a number of challenges ranging from lack of farm inputs to markets to sell our produce. Worse still, we did not have the technical know-how of executing best farming practices.

“We are thus hopeful that we will now have farm inputs on time and get better yields. In the end, we see farmers improving their incomes which will certainly mean better livelihoods for us all,” he said.

On his part, Shire Valley Agriculture Development Division programme manager Taurai Mulewa expressed optimism that the grant will improve incomes for farmers in the district, saying the development complements government’s sefforts in trying to reduce poverty levels. n

Previous Post

Insurance institute decries premium under-cutting

Next Post

Youths are not angels

Related Posts

Business News

Weak tobacco exports worsen trade balance

May 25, 2022
Business News

Tobacco loans under threat

May 25, 2022
Business News

Nyasa Mobile Limited partners Vodafone

May 25, 2022
Next Post

Youths are not angels

Opinions and Columns

People’s Tribunal

What was that press briefing all about?

May 22, 2022
Big Man Wamkulu

Wife, in-law plotting my downfall

May 22, 2022
My Thought

Tonse Alliance died on arrival

May 22, 2022
Layman's Reflection

New IMF programme pivotal moment for Tonse Alliance

May 21, 2022

Trending Stories

  • Mutharika on the campaign trail in 2019

    APM under pressure

    0 shares
    Share 0 Tweet 0
  • Musician Martse in hospital after fire accident

    0 shares
    Share 0 Tweet 0
  • Kalindo earmarked for diplomatic post

    0 shares
    Share 0 Tweet 0
  • Nyasa Mobile Limited partners Vodafone

    0 shares
    Share 0 Tweet 0
  • Musicians, fans mourn Martse

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.