Financially struggling State produce marketer Agricultural Development and Marketing Corporation (Admarc) has given a bail out of K6 billion to cash strapped trader Auction Holdings Limited (AHL). The money will help AHL, a subsdiary of Admarc, pay salary arrears for its employees who had gone over four months without pay. The Auction Holdings Limited is experiencing […]
Auction Holdings Limited (AHL) Group says it has noted elements of sabotage from tobacco buyers who deliberately want to frustrate farmers who are selling their tobacco on auction in order to promote the Integrated Production System (IPS). The use of IPS, whereby tobacco farmers produce and sell their tobacco on contract basis, has divided opinion […]
The Auction Holdings Commodities Exchange (AHCX) says it will continue with its drive to assist farmers earn more from income from their harvests by making available all information regarding operations of the market. AHCX Operations Manager Davis Manyenje said this in an interview shortly after the commodities market announced its partnership with FDH Bank. “We […]
Auction Holdings Limited (AHL), a company that provides platform for tobacco trading in Malawi through the country’s four auction floors, has said tobacco earnings have so far reached $347.5 million up from the $333 million recorded two weeks ago. According to AHL tobacco sales statistics published in the local dailies, the dollars equate to K119 […]
Operations for AHL Commodities Exchange (AHCX), a subsidiary of Auction Holdings Limited, are now running full throttle coordinated from its main base in Lilongwe. AHL has invested about US$10 million in to enable trade in agricultural commodities for both local and foreign participants through a robust, price efficient, transparent and fair market structure for all […]