The ink had hardly dried on Executive Director and Board Member Yusuf Koya’s departure from the Zambeef Board on 4th February 2019 before another announcement from the company was made that the Chief Financial Officer Craig Harris would also be following suit. Craig resigned on 12th February barely a week after the company had announced […]
It is clear that the Board of Directors at Zambeef had a lot on their minds when they issued their first SENS announcement for 2019: an exit and an eminent promotion. SENS announcement coming from the company on 5th February 2019 notified shareholders of the eminent departure of a stalwart Executive Director from the Zambeef […]
Wait a minute! Just when we thought Zambeef could not come in any stronger in 2018, the company issued a SENS announcement on 5 December that signaled a restatement of their full year results. But before one gets excited that more money has been generated from revaluation of assets, it is important to understand what […]
Francis Grogan could well be on his way to retaining the top slot that everyone has known to be one of the most powerful companies on the Lusaka Securities Exchange (luSE). CEO Francis’ dual listed company (Zambeef has an AIM listing in the UK) recently posted its final audited results and they were impressive. Not […]
In her opening remarks at a recent event held by her company, Chief Financial officer Faith Misozi Mukutu was candid enough to advise shareholders that comparing the 2018 results with the 2017 results would be difficult because of the change in financial year that had been implemented by the sugar company. Her firm felt it […]
When an annual report is presented to us, our primary focus is the audited financials. Whether they are financial statements audited by KPMG or HLB, they provide us with an ability to compare the performance of a company across years. In the case of ZamSugar’s 2018 AR, we knew we had a small matter of […]
It is mid-summer and temperatures are sweltering in Zambia. Perfect weather for a BBQ no doubt. A dash to a Zambeef macro outlet is definitely a must as the company recently announced that the Group year, which ends 30 September 2018, would post an adjusted Profit Before Tax (PBT) of around circa US$ 5 million, […]
Zambia Sugar Plc recently notified shareholders through SENS Announcement that the Earnings per Share (EPS) for the financial year ended 31 August 2018 is expected to be approximately 65% higher than that for financial year ended 31 August 2017. Now before stakeholders get excited by a prospectively higher bottom line when they publish their financials […]
The following parody is based on Zambeef’s recent operational announcement published on LuSe. Dear Carl, It has been a couple of months since we last worked together. Life has not been the same since you left. Life at Zambeef has not been the same since you left. We had a beautiful adventure. We knew it […]
Zambeef, the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, on 27th July 2018 announced the appointment of Frank Braeken to its Board as a Non-Executive Director with immediate effect. Now this was no ordinary appointment. According to SENS announcement published on LuSE, “Frank is being appointed as […]
Agriculture
