Standard Bank has conducted the third draw of its ongoing Mlimi Alirenji promotion where more tobacco farmers continue winning various prizes.
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.
Speaking during the 3rd draw of the promotion, Standard Bank’s Head of Sales (Global Markets) Gray Kazima said the bank is overwhelmed with the response from farmers since the launch of the promotion.
“We are encouraged by the interest that the tobacco growers are showing in Mlimi Alirenji Promotion. This proves that indeed Mlimi Alirenji Promotion is the solution to the issue of farmer income from tobacco, as it is only through Standard Bank that farmers are able to get more Kwachas for every tobacco dollar processed through Standard Bank,” said Kazima.
Kazima said the prizes being splashed out are designed to support tobacco production thereby helping farmers to deal with high rejection rate at the market.
“Through Mlimi Alirenji Standard Bank is committed to pay more Kwacha for all tobacco dollars processed through the bank. We therefore expect tobacco growers to take advantage of improving prices to deposit their proceeds with Standard Bank to earn more,
“Poor quality of leaf due to inadequate inputs to support production is also leading to high rejection rate, that is why Mlimi Alirenji Promotion is offering prizes that support production like hessian sack, baling jacks and farm tractor,” he said.
The grand prize for Mlimi Alirenji promotion is a brand new tractor valued at K16 million. Other prizes that are being won every fortnight are baling jacks, hessian sacks, solar power banks for charging phones, t-shirts and caps.
To date a total of 276 tobacco farmers have won various prizes aimed to support their tobacco production.