The promotion is aimed at supporting farmers to scale up their next season’s green leaf production.
During the draw 20 tobacco growers won Hesian sacks, two won Bailing jacks, 10 won solar power banks for charging phones and 60 won Standard Bank branded consolation prizes.
Speaking during the draw, the bank’s Head of Global Market Lesego Osman said the prizes are Standard Bank’s contribution to sustainability of the tobacco industry, which anchors Malawi’s economy.
“These prizes aim to support production and processing of tobacco in the next season. Our goal is to contribute to promote sustainability of Malawi’s tobacco industry. This is in view of its strategic importance to the economy,” he said.
The Head of Global Markets said the Mlimi Alirenji Promotion has been designed to offer tobacco growers more kwachas for every dollar processed through Standard Bank.
“As Africa’s Best Forex Currency Provider, we have offered a higher margin on tobacco dollar proceeds through this promotion,” said Osman.
To stand a chance of winning, tobacco growers need to receive their proceeds from the auction floors using Standard Bank accounts. Lucky draws will be conducted every fortnight at which assorted prizes will be won. The grand prize is a brand new tractor worth K16 million.