Japan Tobacco International (JTI), one of Malawi’s buyers, has given back its contracted buyers a sum of K595m to help ease their farming operations.
JTI Malawi’s contracted buyers deposit a sum of money as loan security to secure a contract with the firm. A portion of the money is given back to them as collateral release to help the growers’ farming endeavors.
JTI’s Corporate Affairs Director Limbani Kakhome commended the development as a means to secure a long-term relationship with the contracted farmers. “v