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, 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 […]

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, 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, Zambeef Products PlcJanuary 5, 2020

A new ‘food processing’ era begins at ZAMBEEF
Integrated food retailer ZAMBEEF has announced the appointment of a new Board Chairperson and Chief Executive Officer at the company’s 2019 Annual General Meeting (AGM) held in Lusaka, Zambia in December 2019. “The Board is also delighted to announce that at an Annual General Meeting held on the 30th of December 2019, the Shareholders ratified […]

Agriculture, Zambeef Products PlcDecember 8, 2019

ZAMBEEF defies inflation, currency depreciation, and weather to report expected group income of K18 million
Zambeef has announced it expects turnaround results for the year ending September 2019 with group revenue and income well over K3 billion and K18 million respectively following a half year “scare” following concerns of the impact of both macroeconomic factors and the forces of nature.   “In accordance with the Lusaka Securities Exchange Listing Requirements, […]

Agriculture, Zambeef Products PlcOctober 21, 2019

Zambeef’s cropping segment exceeds expectations
In early October 2019, food processing conglomerate Zambeef Plc announced that its half year fears of a weaker 2019 performance had been overturned by the outperformance from its Cropping division such that the full year estimates for 2019 for adjusted Profit Before Tax (PBT) was likely to be 20% higher than analyst’s expectations. “We are […]

Agriculture, Zambeef Products PlcSeptember 21, 2019

Zambeef disposes of another asset
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 […]

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 […]