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24. February 2012 - Joint COMPETE and SATH Mission to ACE
USAID COMPETE can no longer fund projects in Malawi and will
therefore end their directly relationship with ACE when the
2nd grant comes to an end 31st
March 2012. The USAID Southern Africa Trade Hub (SATH) has
expressed interest in extending support to continue the activities
started by COMPETE and ACE. A
joint mission by Mr Ian Goggin from COMPETE and Mr Emile Matthee
from SATH has just come to an end. Mr Emile Matthee was introduced
to the scope of ACE
activities and the environment ACE operates in. SATH will now
review the findings and ACE hopes a formal partnership can be
started.
6. January 2012 - COMPETE approve no-cost extension
ACE had requested a no-cost extension from COMPETE to extent the
project
duration from 15. January 2012 to 31 March 2012. The request is now
approved. Thank you COMPETE
.
By Georgina Smith, Freelance
[extract] I registered with ACE as a trader and put five tonnes
of maize on the market. Within three weeks they found me a buyer
from the Southern region of the country. Now I have supplied the
World Food Programme and used the profits from my maize to reinvest
in my shop in Midisi.
By Georgina Smith, Freelance
[extract] Even then there are long queues at the silos. I have
spent the night outside the silo before. I decided to use the
receipt system to help me find a market. I was the second person to
use the system and ACE found me a contract for 30kg of maize.
By Georgina Smith, Freelance
[extract] There is a flurry of activity in Lilongwe's
Agricultural Commodity Exchange (ACE), as numbers flicker on a
large screen projected onto the wall of the on-line auction room.
Everyone watches as the prices of maize fluctuate with sellers
gearing up to land a deal in the last seconds of the auction.
By Paida Mpaso, The Nation
[extract] Malawi's first public warehouse receipt has been
issued at GSL (a Farmers World Company) silos in Kanengo, Lilongwe.
The Agricultural Commodity Exchange for Africa (ACE) and Grain
Traders and Processors Association (GTPA) has implemented the
system, which is still in the pilot phase, but all the fundamentals
are in place.
By Paida Mpaso, The Nation
[extract] At the NRC field day in April Honourable Professor
Peter Mwanza told journalists how ACE is trying to assist
farmers
find markets and the Honourable Minister even said that anyone,
who produced a crop, should get in contact with ACE.
So why is this good advice?
By ACE
[extract] CP Feeds will buy Maize, Soya Beans, Sun Flower and
Cotton Seeds through ACE this 2011 season. Agricultural Commodity
Exchange for Africa (ACE) would like all suppliers interested in
supplying CP Feeds with Maize, Soya Beans, Sunflower and Cotton
Seeds to contact ACE.