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 […]

Agriculture, Zambeef Products PlcJuly 28, 2019

ZAMBEEF Plc and the power of a Vertical Business Model
In my analysis of Zambeef Plc’s financials over the last 5 years, I have been able to draw on a number of issues impacting the group’s growth and profitability. Looking at the company’s annual reports from 2014-2018, a lot can be unwrapped from the company’s business model, their profitability and some of the challenges they’ve […]

Agriculture, Zambeef Products PlcJune 17, 2019

ZAMBEEF forecasts sharp decline in earnings due to inflation and currency pressure on operations
ZAMBEEF forecasts to record a decline in its earnings per share for the first six months of its current financial year due to a myriad of challenges that the agri-processing company has faced thus far. The company which is an integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana announced […]

Agriculture, Zambeef Products PlcMay 16, 2019

Zambeef Performance Analysis 2018 Financial Year 
The Zambeef Group is one of the largest integrated agri-businesses in Zambia, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana. The Group is also one of the largest cereal row […]

Agriculture, Zambeef Products PlcMarch 27, 2019

Director Dealing; Jacob Mwanza increases stake in Zambeef
On 20th March 2019, the market was informed about Zambeef’s Board Chairman’s transaction to purchase an additional 299,629 shares at a cost of K 2996 in ordinary shares had finally gone through following confirmation of the company’s board. Dr. Mwanza was informed about the conclusion of the transaction by his broker on 20 March 2019 […]

Agriculture, Zambeef Products PlcFebruary 12, 2019

Another Director “bites” the “T-bone” at ZAMBEEF
The ink had hardly dried on Executive Director and Board Member Yusuf Koya’s departure from the Zambeef Board on 4th February 2019 before another announcement from the company was made that the Chief Financial Officer Craig Harris would also be following suit. Craig resigned on 12th February barely a week after the company had announced […]