Zambeef has announced its decision to dispose of Sinazongwe Farm for USD10 million in what it describes is part of focusing on its core business whilst shedding off low performing non-core assets. Sinazongwe Farm now joins Zampalm in the list of “prodigal assets” that the fully integrated cold chain food processing and retailing group […]
Zambeef this week announced the appointment of Faith Mukutu as its new CFO of the food retailing company effective 1st September 2019, according to sources close to the matter. Faith is a seasoned professional. “She has held a number of senior finance and operational roles, most recently serving as Financial Director of Zambia Sugar […]
Zambia Sugar Plc has announced the resignation of its Finance Director Faith Mukutu after a year and seven month spell at the sugar company. “In accordance with Section 3.59(b) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”), the Board of Directors (“the Board”) of Zambia Sugar PLC (“ZSUG” or “the Company”) wishes […]
In my analysis of Zambeef Plc’s financials over the last 5 years, I have been able to draw on a number of issues impacting the group’s growth and profitability. Looking at the company’s annual reports from 2014-2018, a lot can be unwrapped from the company’s business model, their profitability and some of the challenges they’ve […]
The market’s wait for a signal from Monica Musonda regarding what her next move was following her resignation from the Zambia Sugar Board was finally answered in a tweet on her twitter page on 11 July 2019. Monica, the founder and Chief Executive Officer of Java Foods, a food processing company based in Zambia, takes […]
ZAMBEEF forecasts to record a decline in its earnings per share for the first six months of its current financial year due to a myriad of challenges that the agri-processing company has faced thus far. The company which is an integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana announced […]
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 […]
Agriculture
