Deal #4384 Version 67311 Version 88590
Size under contract (leased or purchased area)
  • [current] 434.0 ha
  • [current] 434 ha
Size in operation (production)
  • [2019, current] 284.0 ha
  • [2019, current] 284 ha
Comment on intention of investment
it produces mango and banana puree and fresh fruit
Negotiation status
  • [current] Concluded (Contract signed)
  • [2009, current] Concluded (Contract signed)
Comment on negotiation status
The company was founded in 2009 by a pair of British entrepreneurs, Jonathan Jacobs and Craig Hardie.
Comment on contract farming
Located within a 30kilometer radius of the processing facility
Located within a 30kilometer radius of the processing facility. The company buy fruit from small-scale farmers through so-called outgrower schemes
Comment on jobs created (total)
In 2014, it said Malawi Mangoes had more than 600 employees, with the lowest-paid workers making just$35 a month. Though this is described as 20 percent higher than Malawi’s minimum wage, the company has also subsidized maize purchases for its workers during periods of the year when they could not afford it.
Name of investment project
Malawi Mangoes (Operations) Limited
Comment on investment chain
BXR Group pulled out of Malawi Mangoes and the company was acquired by EXMceuticals.
IFC approved its $5 million investment in MalawiMangoes in 2014 BXR Group pulled out of Malawi Mangoes and the company was acquired by EXMceuticals.
Negative impacts for local communities
Other
Comment on negative impacts for local communities
Another company in Malawi was exposed to do illogical attempt by the senior chief to displace poor families when she made shabby land deals with Malawi Mangoes Limited (under GBI),
Comment on use of produce
Europe, Africa, India and Middle East. Supply Coca Cola company also, under their plans for phase 1 of the Source Africa Initiative. The company exports both fresh and dried products.
Europe, Africa, India and Middle East. Supply Coca Cola company also, under their plans for phase 1 of the Source Africa Initiative. The company exports both fresh and dried products.
Comment on gender-related info
Of the current 605 employees, 520 are male and 85 are female. The company wants to achieve a 50/50% gender balance in all its operations. In order to assist achieving this goal the company will establish a day care at its farming operations.
Of the current 605 employees, 520 are male and 85 are female. The company wants to achieve a 50/50% gender balance in all its operations. In order to assist achieving this goal the company will establish a day care at its farming operations. EXMceuticals provides equal opportunity for women to work at their farm with equal pay and help with family needs. The majority of farmworkers are women, almost all of whom have never had a job before. Once cash flow is attained, plans are to form a foundation in each country and give back 2% of revenue for local projects chosen by local
Overall comment
The company was acquired by EXMceuticals, a Canadian company supplying medicinal cannabis to the European market.
The company was acquired by EXMceuticals, a Canadian company supplying medicinal cannabis to the European market BXR Group holds a significant minority stake.
Fully updated
No
Yes

Location #967JeK-L

Comment
Located in Salima district in central Malawi. Kambwiri Industrial Area 2, Off Senga-Bay Road

Data source #UKs3A6vh

Url
Publication title
BXR Group website
Comment on data source
BXR Group website
URL not found http://www.bxrgroup.com/selected-current-investments.php

Data source #Th0HwTrB

Publication title
merlin partners website
Date
2020
Comment on data source
Merlin Partners website
Merlin Partners

Data source #y1QaR3Z9

Type
Company sources
Url
Keep PDF not public
No
Publication title
Past investments
Comment on data source
BXR Group past investment (visited 12/06/2020)

Data source #P8rEKiDc

Publication title
IFC- Malawi Mangoes- environmental & social review summary
Date
2014-06-09
Comment on data source
IFC- Malawi Mangoes- environmental & social review summary
URL not found http://ifcext.ifc.org/IFCExt/spiwebsite1.nsf/DocsByUNIDForPrint/21F6CD5ACECEC19685257CD6006FABF9?opendocument

Data source #lj19-Gsd

Publication title
Land rights now! A loud calling from the homeless and destitute
Comment on data source
The Marabi Post- Land rights now! A loud calling from the homeless and destitute
By Lloyd Mbwana

Data source #2Ny-x6wv

Publication title
Smallholder Farming with Malawi Mangoes - Where Money Grows on Trees
Date
2015-03-04
Comment on data source
Youtube video- Smallholder Farming with Malawi Mangoes - Where Money Grows on Trees
Youtube video-Farmingfirst

Data source #8BrYj9Bj

File
Comment on data source
African Governments Are Paying for the World Bank’s Mauritius Miracle by Matt Kennard and Claire Provost published on foreignpolicy.com
by Matt Kennard and Claire Provost published on foreignpolicy.com

Data source #JXVJrbMu

File

Data source #QCZ3KnOg

File
Type
Media report
Url
Keep PDF not public
No
Publication title
EXMceuticals sets sights on Europe and US combined cannabis markets
Date
2020-01-14
Comment on data source
healtheuropa

Contract #fcFLJ005

Date
2009
Expiration date
2059