Admarc headquarters in Blantyre
The Agricultural Development and Marketing Corporation (ADMARC) has come under heavy criticism from indigenous traders who have accused the State owned buying Company for playing with lives of while busy bailing out employees of Auction Holdings Limited (AHL) with billions of kwachas.
“Last year Admarc was authorized by the Minister of Finance to borrow about K22 billion from commercial banks to buy farm produce from farmers and not to bail out a company that is independent and makes it’s on profits within it’s product lines,’ said one trader who spoke on condition of anonymity.