Creating wealth through a cooperative
The Phata Sugarcane Outgrowers Cooperative is to receive a $1, 6 million (MWK1.2 billion [Malawian Kwacha]) debt investment from AgDevCo for fixed and working capital expenses. Phata, a smallholder, farmer-owned, organisation was formed in 2011, in partnership with Agricane. The smallholders who grew cotton and sorghum in the Chikwawa district…