Tobacco farmers hail Standard Bank of Malawi

Kasungu based tobacco farmer  Robertson Chinguwe has hailed Standard Bank for rewarding tobacco farmers with competitive exchange rates on their tobacco sales through  Mlimi Alirenji Promotion.

Good Luck! Unyolo (R) officially handing over a bailing jake to Chinguwe

Good Luck! Unyolo (R) officially handing over a bailing jake to Chinguwe

Chinguwe was speaking in Kasungu when the bank officially handed over the bailing jake to the winner. Chinguwe 60 from Mponda Gaga estate is one of over 500 winners of ongoing Mlimi Alirenji promotion.

He said tobacco farmers are encouraged by the exchange rate being offered by the bank.

“Tobacco farming is a business as such it is the expectation of every farmer to get a profit after sales and this is what Standard Bank is doing to reward us by offering us with good exchange rate compared to other banks,” said Chinguwe.

Chinguwe also hailed the bank for the prizes is dishing out saying it’s relevant to the tobacco production.

“I started tobacco farming 10 years ago  and all this years I used to rent a bailing jake from other people at a cost of K7,000 per bale which is very costly and now that I have my own bailing jake it means I will be making more money  from the sales,” he said.

Standard Bank Head of Marketing and Communication Thoko Unyolo said the handover of the fortnight’s prizes demonstrates bank’s commitment in fulfilling its promises to its customers.

Unyolo said Standard Bank appreciates the tobacco farmers for their support in Mlimi Alirenji promotion and encouraged them to continue participating in the promotion as the grand prize of a brand new tractor valued at K16 million is still up for grab.

“As Standard Bank we are satisfied beyond expectations as tobacco farmers have shown more support in the promotion. The response has exceeded what we expected during the launch and I would encourage more farmers to join the band wagon because we still have a tractor to give out,” said Unyolo.

Launched in April 2016, the promotion aims at rewarding tobacco farmers with competitive rates on their dollars, while giving them an opportunity to win farm inputs and tools to support their next season’s production. The promotion ends on August 12, 2016.

In the past 12 weeks of Mlimi Alirenji Promotion, Standard Bank has given out prizes 92 farmers a fortnight, and these include hessian sacks, baling jacks, solar power banks, t-shirts and caps.To date a total of 644 tobacco farmers have won various prizes aimed to support their tobacco production.

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