Zgamalunga Farms/ Chihetoo Club
Zgamalunga Farms is a farming business that engages in both rain-fed and irrigation agriculture in the following crops: Soya bean, Maize, Watermelon, bananas, groundnuts, and tobacco.
Market Opportunity/ Problem
Malawi currently buys a substantial amount of its fruit needs, especially bananas from outside the country. On the other hand, there is a significant amount of evidence of structured markets for regimes oversees. This provides an excellent opportunity for Malawian businesses to participate in these agriculture-based businesses. Zgamalunga farming has thus far had offtake contracts with Synthesis Agriculture (a locally based off taking company) to supply bananas and watermelons. However, because of limited capital, Zgamalunga farming and its partners in Chihetoo Club have not been able to participate in such opportunities of structured markets meaningfully.
Years of operation
Type of organization
Stage of the business
Agriculture value chain(s) focus?
Primary country of operation
Other country(ies) of operation
How many employees does your business have?
Does the business have more than 30% women ownership?
Does the business have more than 30% youth ownership (under 35 years)?
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
What is the split between equity and debt?
30% equity, 70% debt