The NASFAM Commodity Marketing Exchange Limited (NASCOMEX), the commercial arm of the National Smallholder Farmers Association of Malawi (NASFAM), continues to strengthen its value addition initiatives to create economic opportunities for smallholder farmers. Transitioning from bulk trading to value-added ventures, NASCOMEX focuses on processing commodities into finished products for domestic and export markets.
EDF is providing structured commodity trade financing to NASCOMEX, enabling the company to purchase maize from local smallholder farmers and process it into maize grits. These grits are a key raw material for Castel Malawi’s beer production, which previously relied on imports. By supplying locally processed grits, NASCOMEX is reducing import dependency while increasing value addition in the agriculture sector.
‘EDF’s seasonal financing provided exactly what we needed to advance our value addition project. The support has enabled us to scale up our value addition business and introduce new value-added products to the market like nuts and raisins.’ – Dr. Betty Chinyamunyamu, CEO of NASFAM and Managing Director of NASCOMEX.
EDF’s continued support for this project reflects our commitment to catalysing growth in agro-processing, light manufacturing, and trade in value-added products.
