One tobacco farmer today (Friday) stands a chance to win a tractor worth K16 million when Standard Bank conducts the final draw of its “Mlimi Alirenji” promotion, aiming to invest back in agriculture, Malawi’s economic mainstay.
Head of Marketing & Communications Thoko Unyolo said the bank is ready for the grand draw, and thanked tobacco farmers for supporting the bank by depositing their proceeds with Standard Bank.
“The grand prize of a tractor underscores our commitment to invest in the tobacco sector specifically and overall agriculture, by supporting growers directly with prizes needed to improve their production,” she said.
Tobacco is the country’s major export commodity, accounting for nearly half of all the country’s foreign currency trade. Despite the sector going through difficulties in recent years, growers can breathe a sigh relief that banks such as Standard Bank are keeping their faith in the industry.
Unyolo said apart from the tractor, the other prizes of baling jacks and hessian sacks were included in the promotion to assist growers improve quality of their leaf through appropriate inputs for storage and warehousing.
“Appropriate storage and warehousing is critical in preserving overall quality of green leaf and as noted, one of the major problems at this year’s market is the high rate of rejection. We expect rejection to be minimized next year because many growers who have won in Mlimi Alirenji will be using their baling jacks and hessian sacks,” said the Head of Marketing.
One of the recent winners of baling jacks Robertson Chinguwe from Kasungu said the prize will help him to save big on hiring baling jack services from other growers.
“I will no longer need to spend money to prepare my tobacco for the market every year. I would also like to thank Standard Bank for offering better exchange rates through this promotion,” Chinguwe who owns Mponda Gaga estate said.
More than 600 tobacco farmers have won prizes in the promotion.