Investment in a warehouse can be highly catalytic – not just bringing direct commercial benefit to the beneficiary, but also yielding higher food security, driving value chain efficiency, unlocking financing for the value chain and stimulating inclusive access to markets. Following a well-attended and successful ASIF conference in Johannesburg in September 2014, the Trade Hub and AMSCO are now facilitating the process of taking ASIF Malawi to market. If fully subscribed, the fund may total US$40 million.
AMSCO was established to manage the African Training and Management Services (ATMS) Project, a regional project of the United Nations Development Program (UNDP), executed through the International Finance Corporation (IFC) and coordinated regionally through the African Development Bank (AfDB). As manager of the ATMS Project, AMSCO's primary objective is to assist African companies and projects to become globally competitive, profitable and sustainable through provision of professional management and related services such as technical assistance coordination, capacity-development and monitoring and evaluation services.
The CEO of AMSCO commented that initiatives such as ASIF were exciting opportunities to make a real difference in the region to food security and the livelihoods of thousands of smallholder farmers and signaled the readiness of the AMSCO team to play a full and active role in realizing the ASIF vision in close coordination with the USAID Southern Africa Trade Hub.
On the Photo: The Trade Hub met with the Chief Executive Officer and Management Director of the African Management Services Company (AMSCO), Paul Malherbe and AMSCO's Strategy Consultant, Ville Luukkanen in Johannesburg, South Africa in November 2014 to discuss the Agricultural Storage Investment Fund (ASIF) program.