Agriculture, Retail, Zambeef Products PlcFebruary 2, 2021

Mutimushi enters the Zambeef Boardroom
Food processing and agri-distribution company, Zambeef Plc, has announced the appointment of Mwansa Mutimushi as its Group Head of Legal and Company Secretary. On 13th January 2021, in an internal memorandum to all staff availed to Financial Insight Zambia by sources close to the matter, the CEO announced the appointment of Mwansa. “We are pleased […]

Agriculture, RetailJanuary 15, 2021

Be a Farmer, Be a Millionaire – An interview with Zambia’s leading Tomato Expert and Author Eric Mwenda
Tomatoes are one of the most popular vegetables to grow in Zambia and the most popular vegetable in the world. The average cost of a seedling is K1.70 from Seedco nursery propagaters and a box of tomatoes can sell for K50 to K140 (prices peak during the rainy season) . New varieties like Seedcos Hybrid […]

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Agriculture, Zambeef Products PlcDecember 3, 2020

An Analysis of Zambeef’s Financial Year ended 30th September 2020
Earnings season continues with the announcement of the financial results of Zambia’s biggest food distribution company. Zambeef in their press statement dated 2 December 2020, made available figures of how their financial year, ended 30 September 2020, went. Sales revenue standing at rose by 24% to K3.88bn from the revenue of K3.13bn accumulated in the […]

Agriculture, Zambeef Products PlcNovember 26, 2020

Zambeef Trading Statement – November 2020
As stated on 28 October 2020, the Group was pleased to announce that it expected to report audited dollar denominated revenue and EBITDA that is in line with current market expectations, with EBIT and adjusted Profit Before Tax* that are over 25% ahead of current market expectations. The Group is pleased to confirm this remains […]

Agriculture, Zambia Sugar PlcNovember 10, 2020

Mutimushi exits the Zambia Sugar Board Room
Zambia Sugar has announced the resignation of its Company Secretary, Mwansa Mutimushi. “In accordance with Section 3.59(b) of the Lusaka Securities Exchange Listings Rules, the Board of Directors of Zambia Sugar PLC wishes to announce the resignation of Ms Mwansa Mutimushi as Company Secretary effective 30th September 2020”, read a statement issued by Finance Director […]

Agriculture, Zambeef Products PlcNovember 9, 2020

Zambeef Year end Financial Performance for 2020
Performance overview Zambeef’s official financial year came to a close on 30th of September 2020, and with that came release of the company’s trading status as of then. According to their update, the Group seems to be thriving this particular financial year despite of all the set-backs and challenges they and the majority of other […]

Agriculture, Zambia Sugar PlcNovember 6, 2020

Zambia Sugar stays strong despite COVID’s impact on 2020 profit 
Zambia Sugar is one of the largest companies on the Lusaka Stock Exchange with a market cap of K12.2 billion. Zambia Sugar shares trade at roughly K2.5 on the LUSE. The company was founded in 1964 and is estimated to produce between 300-400,000 metric tonnes of sugar annually. The company was listed on the Lusaka […]

Agriculture, Zambia Sugar PlcNovember 6, 2020

With 2020, a year that has been ravaged by the adverse effects of Covid-19 leading to massive downsizing of the workforce by many companies and consequently cutting down on output coming to an end, most companies have also started concluding their financial calendars. The latest being Zambia Sugar Plc, which announced its financial results, in […]

Agriculture, Zambia Sugar PlcNovember 5, 2020

Higher tax bill for Zambia Sugar at 2020 FY
With revenue now exceeding K3.3 billion, CEO Rebecca Katowa has weathered the storm inflicted by COVID 19 as her company announces its August 2020 year-end results to shareholders. The reported financial year-end results are continued improved performance following the successful implementation of project PAAR. Operating profit was up by over K169 million. However, shareholders will […]

Agriculture, Zambia Sugar PlcNovember 5, 2020

Financial Performance Review Total revenue for the year ended 31 August 2020 was K3.334 billion, 13% above the prior year comparative, largely driven by 15% growth in domestic sales volume and a higher realisation of export sales due to a 51% depreciation of the kwacha against the US dollar over the year. This was however […]