Thu, 29 Dec 2016 12:31:05 +0000 By Bennie Mundando AGRICULTURAL Development and Marketing Corpo-ration (ADMARC) of Malawi has now U-turned and de-nied having any business transactions with Kaloswe Commuter and Courier Ltd of Zambia since June as the Malawian government allegedly terminated the export contract in June. Due to mounting pressure in Malawi over allegations that the two entities were using their connections with those in government to defraud the two countries, AD-MARC chief executive officer Foster Mulumbe last Fri-day held a press briefing in Malawi where he categorical-ly denied having any transaction with Kaloswe since June this year. Mulumbe said Kaloswe’s contract was terminated by government and that ADMARC signed a new contract with Zambia Cooperative Federation (ZCF) to purchase the 100,000 metric tonnes of maize. But according to details availed to the Daily Nation, ZCF was part of the maize syndicate as early as May this year and Kaloswe continued with its transactions […]
