MEMORANDUM

TO : Group Chief Executive Officer

Group Finance Director
Chief Finance Officer

FROM : Head Operations and Business Development

DATE : June 2023

SUBJECT : REQUEST TO ENGAGE GRAIN OFFTAKERS

Background
AFC Leasing company is in the business of providing agricultural mechanization services
primarily in the form of tillage and harvesting across the country. The Leasing Company has a
number of payment methods which include cash in ZWL/USD, stop orders as well as product in
the form of grain (maize, wheat and soya bean). In order to cater for all the farmers and
accumulate as much hectarage as possible we engage clients who wish to pay for harvesting and
tillage services in the form of grain (maize,wheat and soya bean). The products (grain) collected
will then be taken by off takers who will pay us in the stipulated time frame. The off takers
usually take seven to fourteen days to make the payment.

Request
It is therefore against the above back ground that we would want to engage grain off-takers for
the grain which we will be getting as payment. From the identified list off takers we will select a
reputable off taker with the shortest payment period so that we recover our service payment in
time.

Below are the possible off takers identified who will offtake our product upon approval:
i) Alpha zone:
A privately registered company based in Harare with operations focusing on more on
commodity broking with emphasis on grain as well as other areas like transport logistics and
agrochemicals

ii) Feedmix:
A proudly Zimbabwean, quality stock feeds manufacturer established in January 2008. FeedMix
manufactures and distributes stock feeds of Broilers, Layers, Road Runners, Beef cattle, Dairy
Cattle, Pigs, Goats, Sheep, Horses, and Dogs. Feedmix buys grain to manufacture the above
mentioned stork feeds.

iii) PHI Commodities:

PHI Commodities is a marketing and logistics company based in Harare, Zimbabwe specialising in
the supply and delivery of grain, oilseeds and agricultural inputs and services. PHI is also
involved in contract farming, livestock and transport logistics.

(IV) Southern Alliance

A Harare based privately registered commodities company dealing with the procurement and
distribution of traditional grains sourced locally and internationally with a strong background in
logistics , and down packing as well.

(V) Lynpack foods

A Matabeleland based milling company in the business of milling maize meal , flour and
sorghum. The company also down packs other commodities such as sugar beans and produces
raw materials such as maize bran and wheat bran from its milling processes, products which are
in high demand. In other manufacturing sectors such as stock feed production

Recommendation:
AFC Leasing Company to pick any of the off-taker with the best price and the shortest payment
period.

Regards,

D.MUDAVANHU
Head of Operations and Business Development
Chief Finance Officer

Group Finance Director

Group Chief Executive Officer