Agriculture, Zambeef Products PlcSeptember 22, 2018

Zambeef Operational Report – Francis Writes to Carl (Parody)
The following parody is based on Zambeef’s recent operational announcement published on LuSe. Dear Carl, It has been a couple of months since we last worked together. Life has not been the same since you left. Life at Zambeef has not been the same since you left. We had a beautiful adventure. We knew it […]

Agriculture, Zambeef Products PlcAugust 3, 2018

CDC Takes “Hold” of Zambeef Board
Zambeef, the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, on 27th July 2018 announced the appointment of Frank Braeken to its Board as a Non-Executive Director with immediate effect. Now this was no ordinary appointment. According to SENS announcement published on LuSE, “Frank is being appointed as […]

Zambeef Products PlcJune 9, 2018

The Exit of Tim Pollock. Why leave when you are winning?
When the UK’s development finance institution, the CDC Group, announced its acquisition of a 17.5% equity stake in Zambeef Products for $65 million in 2016, the local food industry was taken by storm. Not only did this investment show the confidence in the Zambian local food industry, it showed that Zambeef was ready to scale […]

Zambeef Products PlcJune 9, 2018

ZAMBEEF Half Year Performance 2018
In a period that was marred by increases in fuel and electricity and the outbreak of foot & mouth and Cholera, it is impressive to hear a board Chairman be proud of his food producing company’s performance. Revenue for the half year period was up by 6%. This is the success that was echoed in […]

Agriculture, Strategy, Zambeef Products PlcFebruary 13, 2018

IDC under Attack
It has been an interesting start to the year 2018 for the custodians of all parastatals. IDC closed 2017 with a $15m purchase of ZAMPALM. While the ink was still drying following this acquisition, we learned through zambia24.com that their CEO Mateyo Kaluba (MK) had announced to a Parliamentary Committee on Parastatal Bodies chaired by Msanzala Member […]

Agriculture, Zambeef Products PlcNovember 23, 2017

ZAMBEEF 2017 Analysis  
In a year that was marred with numerous endogenous and exogenous forces, Zambeef weathered a storm that ultimately came to bear as the company only saw revenues increase by 2.48%. Sentimental performance shows that retail sales revenue increased by 27.3%. The Zambeef Macro and Outlet stores saw 18.2% growth in sales. CCFP volumes increased by […]

Agriculture, Strategy, Zambeef Products PlcNovember 17, 2017

Zambeef: When Investors Call the Shots!
When UK’s development finance house, CDC Group, made the acquisition of 17.5% of Zambeef last year for $65m not only was it a positive statement about the reason why Zambia had become an idea investment destination but was a testament to the value creation potential they saw in the farm to shop company. With operations […]

Agriculture, Zambeef Products PlcSeptember 28, 2017

Profit in sight – Zambeef
SENS announcement of 28 September 2017 will bring much delight to investors in Zambeef shares. Carl Irwin and Francis Grogan, the dual CEOs of the company announced that the effects of fungal disease that they believed would wipe out a substantial amount of value (projecting negative earnings), was in fact not as bad as they […]

Agriculture, Strategy, Zambeef Products PlcSeptember 7, 2017

Zambeef loses taste for oil
When the news hit our desk that Zambeef was to sell a 90% stake in Zampalm, its oil producing wing, we asked the question why? Although there were indications that the division was loss making in the recent results, looking at the capacity and potential the division had, it was surprising that the company had […]

Agriculture, Retail, Zambeef Products PlcJune 11, 2017

ZAMBEEF – 2017 HALF YEAR REVIEW
In the first week of June 2017, Zambeef published its half year results. Shareholders were keen to see how the company had performed post the publication of its 2016 annual report. We reviewed the 2016 annual report and were keen to assess how the company was doing in the first 6 months. Its chairman, Dr. […]