Agriculture, Zambia Sugar PlcNovember 10, 2020

Mutimushi exits the Zambia Sugar Board Room
Zambia Sugar has announced the resignation of its Company Secretary, Mwansa Mutimushi. “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 Ms Mwansa Mutimushi as Company Secretary effective 30th September 2020”, read a statement issued by Finance Director […]

Agriculture, Zambia Sugar PlcNovember 6, 2020

Zambia Sugar stays strong despite COVID’s impact on 2020 profit 
Zambia Sugar is one of the largest companies on the Lusaka Stock Exchange with a market cap of K12.2 billion. Zambia Sugar shares trade at roughly K2.5 on the LUSE. The company was founded in 1964 and is estimated to produce between 300-400,000 metric tonnes of sugar annually. The company was listed on the Lusaka […]

Agriculture, Zambia Sugar PlcNovember 6, 2020

AN ANALYSIS OF ZAMBIA SUGAR FINANCIAL YEAR ENDED AUGUST 2020
With 2020, a year that has been ravaged by the adverse effects of Covid-19 leading to massive downsizing of the workforce by many companies and consequently cutting down on output coming to an end, most companies have also started concluding their financial calendars. The latest being Zambia Sugar Plc, which announced its financial results, in […]

Agriculture, Zambia Sugar PlcNovember 5, 2020

Higher tax bill for Zambia Sugar at 2020 FY
With revenue now exceeding K3.3 billion, CEO Rebecca Katowa has weathered the storm inflicted by COVID 19 as her company announces its August 2020 year-end results to shareholders. The reported financial year-end results are continued improved performance following the successful implementation of project PAAR. Operating profit was up by over K169 million. However, shareholders will […]

Agriculture, Zambia Sugar PlcNovember 5, 2020

ZAMBIA SUGAR COMMENTARY FOR THE FULL YEAR ENDED 31 AUGUST 2020
Financial Performance Review Total revenue for the year ended 31 August 2020 was K3.334 billion, 13% above the prior year comparative, largely driven by 15% growth in domestic sales volume and a higher realisation of export sales due to a 51% depreciation of the kwacha against the US dollar over the year. This was however […]

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, 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 […]

Agriculture, Zambia Sugar PlcJanuary 31, 2020

Doug Kasambala appointed new Group Finance Director; Zambia Sugar Plc
The only listed sugar processing and manufacturing company, Zambia Sugar Plc, has announced the appointment of a new Group Finance Director following the resignation of Craig Taylor. “In accordance with Section 3.59(b) of the Lusaka Securities Exchange Listings, the Board of Directors of Zambia Sugar PLC wishes to announce the resignation of Mr. Craig Taylor […]

Agriculture, Zambia Sugar PlcDecember 3, 2019

Raphael Chipoma switches ‘cement for sugar’ –  New CFO announced at Zambia Sugar
Zambia Sugar Plc has announced the appointment of Raphael Chipoma as the new Chief Financial Officer (CFO) of the company following convincing negotiations by the Rebecca Katowa management team in replacing the vacant position. “In accordance with Section 3.59(b) of the Lusaka Securities Exchange Listings Rules, the Board of Directors (“the Board”) of Zambia Sugar […]