Tag Archives: Paramount Holdings Limited

Agriculture

Malawi Govt nods to Paramount Holdings’ Eagle Nano Urea Fertilizer: Agriculture Minister Kawale set for launch

MaraviPost

LILONGWE-(MaraviPost)-Malawi Government through ministry of agriculture has certified Paramount Holdings Limited’s Eagle Nano Urea Fertilizer for distribution.

Consequently, Agriculture Minister Sam Kawale is expected to officially launch the product on Friday, August 29 2025.

India Ray Nano research center produces the product.

The launch will take place at the National Agriculture Fair (NAF) in Blantyre with financial support from Paramount Holdings Limited.

According to research, Eagle Nano Urea is an innovation that is set to transform farming, enhance productivity, and empower farmers across Malawi.

What is Nano Urea?

Nano Urea is a liquid fertilizer developed using nanotechnology – a process that breaks nutrients down into nano-sized particles, allowing plants to absorb them more efficiently. Compared to conventional granular urea, Nano Urea:

Requires significantly lower quantities per application,
Reduces nitrogen loss in the soil,
Enhances nutrient absorption, and Promotes eco-friendly, sustainable farming.

Eagle Nano Urea, produced by Paramount Holdings, is proudly Malawian and specifically tailored for local soil conditions and crops.

One of the highlights of the day was the visit by the Honourable Minister of Agriculture to the Paramount Holdings exhibition booth.

Impressed by the product’s remarkable results in field trials, the Minister praised Eagle Nano Urea for its contribution to soil health, crop yields, and farmer profitability.

“This is exactly the kind of innovation we need to drive the MW2063 agenda. It’s smart, sustainable, and delivering real results for our farmers,” he said.

Eagle Nano Urea demonstration plot Demonstration plots surrounding the Eagle Nano Urea booth told a compelling story—lush green crops, healthy foliage, and uniform growth.

According to the company’s agronomists, farmers using the product are reporting: ✅ Up to 30–40% increase in crop yields
✅ Lower costs due to reduced transport and application needs
✅ Simpler usage and faster plant response
✅ Improved environmental outcomes due to reduced chemical runoff

What’s the future of farming is Nano for Malawian farmer?

Paramount Holdings has made a bold commitment: to lead Malawi into a new era of farming defined by science, sustainability, and self-reliance. Eagle Nano Urea isn’t just a product; it’s a movement towards transforming agriculture at the grassroots.

“We invite all farmers, cooperatives, agri-entrepreneurs, and development partners to join us in revolutionizing agriculture in Malawi,” a company representative stated. “The future is green, the future is smart, and the future is Nano.”

“Our dream as paramount holdings to put a manufacturing plant of Eagle Nano Urea and other fertilizer in Malawi,” reads part of the statement by the company.

Law and order, Malawi

Malawi Court acquits Paramount Holdings directors: Bars state from future charges

MaraviPost

LILONGWE-(MaraviPost)-The Chief Resident Magistrate’s Court in Lilongwe has acquitted the directors of Paramount Holdings Limited and the company itself on all criminal charges, bringing a definitive end to a high-profile legal battle that began in 2021.

In a landmark ruling delivered on Friday, June 27, 2025, the court cleared Paramount Holdings directors—Prakash Virji Ghedia, Arvindkumar Atit Patel, and Suresh Khimji Jagatiya—alongside the company, of three criminal charges, including conspiracy to commit a felony and the alleged use of false documents to obtain a government tender.

Significantly, the court issued an order prohibiting the Director of Public Prosecutions (DPP) from pursuing any further charges related to the matter against the individuals or the company.

“The accused persons are hereby acquitted from criminal charges,” reads the court’s ruling in Criminal Case No. 868 of 2023. “The court hereby bars the state from bringing any charges against the accused persons on the same grounds.”

The charges, initially filed in July 2021, were based on a complaint by Hendrix Laher, director of Luthando Holdings Limited—a business competitor. Laher alleged that Paramount Holdings had submitted a forged Yamaha dealership certificate to win a motorcycle supply tender issued by JHPIEGO, an international health NGO.

Court documents reveal that both Paramount and Luthando Holdings had submitted bids to supply Yamaha motorcycles to several entities, including the Ministry of Education, Ministry of Health, Ministry of Local Government, Kamuzu University of Health Sciences, and JHPIEGO.

The tender was awarded to Paramount Holdings on July 7, 2020. Laher subsequently lodged a complaint with the Fiscal and Fraud Section of the Malawi Police Service.

However, the case unraveled when the complainant failed to appear in court on at least three occasions.

This lack of cooperation, coupled with an absence of credible evidence, led the Office of the DPP—first under Dr. Steven Kayuni, then under Masauko Edwin Chamkakala—to discontinue the matter.

A formal certificate of discontinuance was issued on March 19, 2024, under Section 77 of the Criminal Procedure and Evidence Code.

After the statutory six-month period passed, the court officially acquitted the accused and barred the state from reopening the case.

The ruling provides Paramount Holdings and its directors with full legal vindication, enabling them to continue participating in public and donor-funded tenders without restriction or blemish on their record.

In 2022, Yamaha Motor Corporation Japan formally appointed Paramount Holdings as the sole authorized distributor of Yamaha motorcycles and related products in Malawi.

Meanwhile, scrutiny is now turning to Luthando Holdings and its director, Hendrix Laher.

Impeccable sources allege that Laher used the legal system in bad faith to eliminate competition, relying on unofficial channels and political pressure.

“He has consistently used unofficial channels and political connections to harass business rivals, but the truth always comes out,” said a source familiar with the case.

Further concerns have emerged about Luthando Holdings’ unauthorized use of the Yamaha trademark.

The company has reportedly advertised Yamaha-branded products across Malawi—despite lacking any formal authorization from Yamaha Japan. Legal experts have criticized these actions as misleading and potentially fraudulent.

In a related civil case, Luthando Holdings and other companies are challenging Yamaha Japan’s exclusive dealership agreement with Paramount Holdings.

These firms are alleged to have bid for government tenders using documentation from Yamaha agents based in South Africa—raising questions about the legitimacy of such practices under Malawi’s procurement laws.

With its name cleared, Paramount Holdings is now positioned to grow its operations in Malawi with renewed confidence and full legal clarity.

Agriculture

Agriculture Ministry earmarks Paramount Holdings for Mega farms’ soya beans

Maravi Post Reporter

LILONGWE-(MaraviPost)-The Ministry of Agriculture has contracted Paramount Holdings Limited (PHL) as one of the buyers of soya beans from mega farms farmers initiatives.

Minister of Agriculture Sam Kawale disclosed this on Tuesday, after touring Harry Kanjudzi mega farms in Msundwe, Lilongwe.

Kawale said before embarking on the initiative, government already had market off- takers for the farm produce including Paramount Holdings Limited (PHL) for soyabeans from farmers.

The minister disclosed that produces under the mega farms will be sold to National Food Reserve Agency (NFRA), Agricultural Development and Marketing Corporation (Admarc), Pyxus Agriculture and Paramount Holdings Limited.

“NFRA and Admarc were contracted to buy maize, Pyxus Agriculture is supposed to buy groundnuts while Paramount Holding will be buying soy beans. And there will be Nasfam [National Smallholder Farmers Association of Malawi] and other markets that will be coming to help in buying the produce.

“It is the government’s wish to move more farmers from the Affordable Inputs Program (AIP) to commercial farming. We have funding with Agriculture Commercialization Project (Agcom) that has about MK600 million and National Economic Empowerment Fund (NEEF) with MK30 billion to help in the initiative,” said Kawale.

Kawale disclosed further that the ministry expects to get 35,000 metric tonnes (mt) of maize from the mega farms initiative this year.

In this growing season, the government contracted 200 farmers to participate in the mega farms initiative countrywide.

Through the partnership with Afrexim bank, government is set to develop 50,000 hectares of arable land and facilitate crop production in rice, soya beans.

Recently, President Lazarus Chakwera discussed with Afrexim Bank officials the issue of mega farms’ funding, saying the initiative would boost the food security and economy of the country.
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Education, Malawi

Paramount Holdings itches for M’mbelwa University’s girls hostel completion within 18 months

Maravi Post Reporter

MZUZU-(MaraviPost)-Paramount Holdings Limited (PHL) has assured authorities to complete the construction of the prestigious Inkosi ya Makosi M’mbelwa University’s (IMMU) girls hostel within 18 months as per contract agreement.

The assurance comes after Education Minister Wirima Kambauwa toured the site on Monday, January 8, 2024 in Mzimba district.

PHL is one of the contractors awarded for the construction of the university formerly known Mombera University which was abandoned for years after former President Peter Mutharika presided over the project’s ground-breaking ceremony in 2015.

This comes as the project did not see the light of the day as it was later abandoned.

Only tar mark roads en-route to the site were constructed and are in use.

PHL Executive Director Prakashi Virjl Ghedia said his firm is ready with resources including construction materials and manpower to complete the project within the project’s time frame of 18 months.

Ghedia however observes that late project completion comes when authorities do not provide funding in time.

“We were given an MK8.7 billion contract to construct hostels will be housed in a five storey building. Currently, we are doing bush clearing of the site, importing construction materials and purchasing local materials.

“With funding availability in time, we are the public to complete the construction work of the hostel in June next year as per plans,” assures Ghedia.

Community members in Inkosi Ya Makhosi M’mbelwa in Mzimba have expressed excitement with the resumption of construction work of M’mbelwa University in the district.

The communities members expressed their happiness on Thursday during a media tour that was organized to appreciate the project’s progress.

One of the community members, Benjamin Chirwa said the resumption of the works is a relief to them as it has potential to boost people’s businesses and their livelihood through the jobs that will be created as works continue.

“The resumption of the works for the institution is crucial because many young people will be employed and we expect business boom in our area upon the university completion. This has been long overdue,” excited Chirwa.

Education Minister Kambauwa expressed excitement over the project resumption lauding President Lazarus Chakwera’s Tonse Alliance government for meeting Malawians expectations in promoting Higher learning education.

“I’m impressed with the start of the project that it will bring a number of of opportunities to young people for quality education while also employing many people around the facility.

“We expect to enrol first intake in August 2025 for school of basic sciences, later with animals sciences general programs,” excited the Minister.

About MK450 billion has been earmarked for the full completion of IMMU within three years that come 2027

The university is for animal sciences studies and programmes that upon completion will accommodate 10, 000 learners.

Business, Malawi

Japanese Yahama Motors certifies Paramount Holdings Ltd as legit importer & seller of YAMAHA products for Malawi

Maravi Post Reporter

LILONGWE-(MaraviPost)-The Japanese leading automobile manufacturer Yamaha Motors company has certified Paramount Holdings Limited (PHL) as the sole importer, and seller of Yamaha products for Malawi.

A letter agreement between Yahama and PHL, effective from November 2022, and a letter was signed by Ryuji Kuwano Yamaha’s Group Manager for the Africa Market Development Division and Overseas Market Development Operation Business Unit.

According to the agreement, the listed products for the Malawi market including Yamaha motorcycles, outboard motors, water pump generators, spare parts and others.

“WHEREAS YAMAHA MOTOR CO, LTD, who are official manufacturers of Yamaha products, having factories at 2500, Shingai, Iwata, Shizuoka, 438-8501, Japan, do hereby confirm that Paramount Holdings Limited, a private corporation having its principal place of business at P.O. BOX2736, Lilongwe, Malawi, is our officially appointed importer for the Yamaha Motorcycles, Outboard motors, Water pumps Generators, and spare parts for the territory of Malawi, under the terms and conditions of the agreement made between us and them on November 1, 2022”, reads part of agreement letter signed by Kuwano.

This means PHL is an official authorized firm for Yamaha products in Malawi.

Receiving the news, one of PHL’s Directors Prakashi Virjl Ghedia expressed gratitude for the certification saying the move symbolizes the significant role the company is playing in Malawi.

“This is a piece of good news for the new year 2024. We are embracing this certification with quality service provision timely. The brand Yamaha should be riding across Malawi in a year. With the reintroduction of Yamaha by Paramount Holding Limited, the aim is to provide a much-needed efficient solution for transportation issues for the people of Malawi.

“As the official authorized importer and seller of the Yamaha product in Malawi, our goal is to remain focused on expanding the market for Yamaha products and most importantly the motorcycle industry”, he said.

Ghedia adds, “Yamaha motorcycles are the cost-efficient transport solution that Malawi is looking for and we aim to expand our network to reach the whole of Malawi. With the current presence in Lilongwe at the City Centre, we are opening a showroom in Blantyre to cover the southern region. Further growth in Mzuzu to explore the northern region is in the scope.

“We aim to expand our distribution network wide enough to cover the remotest part of Malawi ranging from Karonga, Nkhotakota, Nkhatabay, Rumphi, Kasungu, Dedza, Mchinji, Kasainthula, and Chikhwawa districts”.

Paramount Holdings Limited was incorporated as a limited liability company in December 2009, under the Companies Act of 1984, by the registrar of companies in the Republic of Malawi.

The company has been in operation for over 11 years and has established a comprehensive representation across Malawi.

PHL specializes in all forms of contracting and construction management of projects, trading and hiring of the diverse range of construction plants and equipment, and supply and installation of different products and services for various industries, including medical and health equipment, information technology, and agricultural Inputs and Implements.