Deal #4384 | Version 67311 | Version 88590 |
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General info | ||
Size under contract (leased or purchased area) |
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Size in operation (production) |
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Comment on intention of investment | it produces mango and banana puree and fresh fruit | |
Negotiation status |
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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 |
Employment | ||
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 Malawiβs minimum wage, the company has also subsidized maize purchases for its workers during periods of the year when they could not afford it. | |
Investor info | ||
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. |
Local communities / indigenous peoples | ||
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), | |
Former use | ||
Produce info | ||
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.
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Water | ||
Gender-related info | ||
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 | ||
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. |
Meta | ||
Fully updated | No | Yes |
Locations | ||
Location #967JeK-L | ||
Comment | Located in Salima district in central Malawi.
Kambwiri Industrial Area 2, Off Senga-Bay Road | |
Data sources | ||
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 Bankβs 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 | |
Contracts | ||
Contract #fcFLJ005 | ||
Date | 2009 | |
Expiration date | 2059 |