Agriculture, Zambia Sugar PlcNovember 6, 2019

Rebecca Katowa’s Zambia Sugar finally declares a dividend to shareholders
Zambia Sugar CEO Rebecca Katowa is scheduled to meet with shareholders of the LuSE listed company on the 28th November 2019 with her Board of Director`s recommendation that a dividend of K0.08 per share be paid for the financial year ending 31 August 2019. The announcement of a dividend comes over 4 years since the […]

Agriculture, Zambia Sugar PlcOctober 30, 2019

Zambia Sugar signals ‘sweeter’ financial year-end results for 2019
Zambia Sugar PLC expects to report a stronger earnings per share for the 2019 financial year, in comparison to 2018, when it publishes its audited financial statements on 7th November 2019. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambia Sugar PLC (the “Company”) hereby advises the Shareholders […]

Beverage, Zambeef Products Plc, Zambia Sugar Plc, Zambian BreweriesSeptember 5, 2019

Zambeef has ‘Faith’ – New Chief Financial Officer Unveiled at the Food Processing Company
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 […]

Agriculture, Zambia Sugar PlcSeptember 2, 2019

Zambia Sugar loses ‘Faith’ – Notice of Change in Directorate; LuSE
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 […]

Agriculture, Beverage, Zambia Sugar Plc, Zambian BreweriesJuly 16, 2019

Monica gets the Zambrew Plc nod as Board Chair; ‘Tweet’
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 […]

Agriculture, Zambia Sugar PlcJune 8, 2019

Better irrigation and pest control key to improved performance at half year; Zambia Sugar
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 […]

Agriculture, Zambia Sugar PlcJune 2, 2019

Monica exits the Zambia Sugar Board
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 […]

Agriculture, Zambia Sugar PlcApril 14, 2019

Zambia Sugar to Post Sweeter Profit at Half Year
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, Zambia Sugar PlcNovember 16, 2018

Financial Analysis of Zambia Sugar’s 2018 Annual Report
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, Zambia Sugar PlcNovember 15, 2018

ZAMBIA SUGAR 2018 FY Analysis: Finding Sweetness in Harsh Times
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 […]