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K1.2 billion fertiliser plant to take shape

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Rural Development Investment (Rudevit) Holdings Limited has announced the commencement of a K1.2 billion organic fertiliser processing plant in Blantyre.

It is believed that when completed, the plant would have a positive impact on the cost of fertiliser and further improve output for both smallholder and commercial farmers.

At the weekend, Rudevit Holdings—a member-driven investment window—hosted its annual general meeting at the proposed site of the fertiliser making plant in Chileka, where it was said plans are at an advanced stage for the work.

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In an interview, Rudevit Board Chairperson Hastings Bofomo Nyirenda said procurement of the machine is underway and that it is expected to arrive in the country end November.

“We delayed making payment for the machinery due to the persisting foreign exchange scarcity. Otherwise we could have been ready by now but the supplier has confirmed that within 45 days, the machines will arrive in the country.

“We expect to complete setting up the factory by January, which means we will lose out on selling in the current growing season but our products should be on the market for winter cropping and other seasons to come. We will be making fertiliser from waste,” Nyirenda said.

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One of the directors of the company Beatrix Mosiwa Ndovie said the company has faced challenges in mobilising resources as most Malawians are taking a wait-and-see approach to investing with the company.

The company draws funds from its members through the selling of shares.

“It has been difficult to raise funds because most Malawians who have the capacity to invest in the company want to see action first before they put their money in it but I think there has been a general realisation that it will take more than the government to transform the economy of Malawi and that not many can go alone in implementing substantial investment initiatives.

“For the organic fertiliser plants, we are planning to open factories in every region but we are establishing one after the other and we have started with Blantyre,” Ndovie said.

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