In the first 6 months of their 2019 financial year, Zambia Sugar reported an increase of 14% in total revenue compared to the previous period ending February (half way mark of the ZS financial year) thanks to improved irrigation and pest control. The K1.219 billion total revenue recorded at half year was attributed to improved […]
In a move that shocked the market, Monica Musonda resigned from her position as board member of Zambia Sugar Plc on 16th May 2019. Monica has had a successful 15 year career in corporate finance having studied at University of Zambia and in the United Kingdom. She worked with one of Africa’s richest men, Aliko […]
The Zambeef Group is one of the largest integrated agri-businesses in Zambia, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana. The Group is also one of the largest cereal row […]
Zambia Sugar is on course to record their strongest performance to date with the announcement from the company that indicates that company’s earnings per share (EPS) will be approximately 68% higher. The company that is a fully integrated sugar company that cultivates sugarcane, processes it into sugar and other sugar by-products also generates its own […]
On 20th March 2019, the market was informed about Zambeef’s Board Chairman’s transaction to purchase an additional 299,629 shares at a cost of K 2996 in ordinary shares had finally gone through following confirmation of the company’s board. Dr. Mwanza was informed about the conclusion of the transaction by his broker on 20 March 2019 […]
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 […]
Agriculture
