Agriculture, Zambeef Products PlcJune 21, 2020

Zambeef half year 2020 performance statement
This following is an extract of the Zambeef’s reported half-year performance according to the SENS announcement issued by Pangaea Securities on 17th June 2020.  Performance Overview The half-year period ended 31st March 2020 (HY 2020) saw Zambeef post encouraging results in the context of a very challenging macroeconomic environment. During this period, the Zambian Kwacha […]

Agriculture, Zambia Sugar PlcJune 1, 2020

Graham Rolfe signs out of Sugar Company
Zambia Sugar Plc has announced the resignation of one of its long servicing members of the board, according to a statement from the Company. “In accordance with Section 3.59(b) of the Lusaka Securities Exchange Listings Rules, the Board of Directors of Zambia Sugar PLC wishes to announce the resignation of Mr. Graham Rolfe as an […]

Agriculture, Zambia Sugar PlcMay 19, 2020

Zambia Sugar at half year in the time of Covid 19
Zambia Sugar Plc has recorded a 14% increase in revenue for the six-month period to its current financial year compared to the same period last year thanks to improved domestic sales and a surge in exports, according to a statement from the company. “Total revenue for the 6-month period to 29 February 2020 was K1.394 […]

Agriculture, Zambeef Products PlcMay 12, 2020

Ex-Zambeef CEO Francis Grogan to supply approximately 1480 cattle to the food processing company
Former Zambeef CEO Francis Grogan’s relationship with Zambeef remains strong following the company’s disclosure that he along with John Rabb, who are both related parties to Zambeef, will be supplying approximately 2823 cattle in 2020. “Zambeef, the fully integrated food producer with operations in Zambia, Nigeria, and Ghana, announces the following related party transactions involving [&hel

Agriculture, Zambeef Products PlcMay 6, 2020

ZAMBEEF bullish on 2020 FY performance
The fully integrated cold chain foods and retail company with operations in Zambia, Nigeria, and Ghana, Zambeef, has forecast satisfactory financial performance to be recorded in accordance with guidance estimates, according to a statement from the company. “The Group announces that for the year ending 30 September 2020, dollar revenue, EBITDA and EBIT and adjusted […]

AgricultureMay 6, 2020

ZAFFICO finally unveils its CEO
After months of having the Chief Executive Officer position of Zambia’s first listed tree processing company in interim status, ZAFFICO has announced Kangwa David Bwalya is its choice to lead the company in its maiden year as a listed company on LuSE, according to a statement from the company. “In compliance with Section 3.59 of […]

Agriculture, Zambeef Products PlcApril 25, 2020

Sinazongwe Farm disposal complete
The sale of Sinazongwe farm to Chenguang Biotech (Zambia) Agri-Dev Limited by Zambeef has now been completed following the payment of the final installment, according to a statement from Zambeef. “Completion of disposal of Sinazongwe Farm Further to the Company’s announcements of 17 September 2019, 13 March 2020 and 8 April 2020, Zambeef, the fully […]

Agriculture, Banking, Economy, FinanceApril 18, 2020

Now is the time to create a prudential authority for the real economy
–Article was first published on 16 April 2020 in the Business Day and has been republished with permission of the author. If banks are ‘too big to fail’, then surely manufacturers, hospitals and other critical industries are as well A recurring critique of commercial regulation is that it is usually enacted ex-post, or after the […]

Agriculture, Zambeef Products PlcApril 13, 2020

Corona virus delays financial close of Sinazongwe Farm sale
Zambeef has announced that the completion of the sale of Sinazongwe Farm to Chenguang Biotech transaction has been delayed due to the Coronavirus (COVID-19) outbreak, according to a statement from the company. “Further to the Company’s announcement of 17 September 2019 and 13 March 2020, Zambeef, the fully integrated cold chain food processing and retailing […]

Agriculture, Manufacturing, Zambia Sugar Plc, ZAMEFA PlcJanuary 31, 2020

Zambia Sugar unveils the ‘First Lady’ of manufacturing as a Non-Executive Director
The Boardroom of Nakambala Sugar Estate will now be graced by Roseta Chabala as Zambia Sugars’ latest addition to its illustrious Board, according to a statement from the company. “The Company wishes to announce the appointment of Mrs. Roseta Mwape Chabala as a non-executive director of the Board”, read a statement issued by Mwansa Mutimushi […]