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 […]
Zambian Breweries expects to announce earnings at half year that are 40% higher than the previous year, according to a statement issued by the company. “The Board of Directors of Zambian Breweries Plc (“the Board”) wishes to advise the Shareholders that for the period ending 30th June 2019, the basic earnings per share is expected […]
Renowned private equity and venture capitalist Jito Kayumba has been appointed as non-executive member of the Zambian Breweries board effective July 2019, according to the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Zambian Breweries PLC (“the Board”) wishes to announce the appointment of Mr Jito Kayumba as […]
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 […]
Psssst! That’s the sound that shareholders of Zambrew (Zambian Breweries Plc.) will be hearing when they hear the news that the board of directors for their company at their meeting on 27 December 2018, passed a resolution to declare a Special Dividend of 3.68 Kwacha per share for the financial year ended 31 December 2018 […]
The deal is finally done. Zambia Breweries Plc. announced on 14th December 2018, that the long awaited conclusion of the sale of their interest in non-alcoholic beverages unit was finally done. The company’s completion of the disposal of the ready-to-drink business segment was padded with their disposal of shares in Kalundu Beverages Limited. We had […]
Pssshhhhhh was the sound a Mosi bottle made when we reviewed the half year results of Zambian Breweries PLc for 2018. It is clear from the financials that the company enjoyed a stellar performance during the first 6 months of the year. Selling 13% more beverages by volume, AB InBev must be proud of their […]
It started in October 2016 when the first cautionary announcement (published through SENS Announcement from LuSE) was made by Zambrew on its proposed disposal of the non-alcoholic ready-to-drink business segment of the company. In that announcement (and 8 others that followed), shareholders were advised that on 11 October 2016, Anheuser-Busch Inbev (ABInBev the parent of […]
Zambian Breweries, born in 1963. Started off as Northern Breweries Limited. Back then it was a private company formed by South African Breweries and Labatt Breweries of Canada in a 80 to 20 percent shareholding agreement. Plants started brewing in Ndola and Lusaka. However, in 1963,government nationalized the company splitting it into two separate entities:Zambian […]
On 16th May 2017, shareholders of National Breweries were issued with a cautionary note relating to circumstances relating to NatBrew. A further cautionary note was issued on 17 th of May which indicated that the maker of global brands Budweiser, Corona and Stella Artois (Anheuser-BuschInBev SA/NV) was undertaking a review of its strategic options relating to its investment in NatBrew, [&hell
Beverage
