Agriculture, Zambia Sugar PlcSeptember 8, 2021

Zambia Sugar Announces Oswald Magawenzi as new CEO
Zambia Sugar PLC has announced the appointment of Oswald Magawenzi as its Country Manager Director, according to a statement from the company. Oswald who previous managed the Eswatini Illovo company takes over from Rebecca Katowa, the Zambian outfit’s first female Country CEO who resigned on 31 August 2021. According to the statement issued on behalf […]

Agriculture, Zambia Sugar PlcSeptember 6, 2021

Zambia Sugar’s First Ever Woman CEO Set to Exit The ‘Sweetest’ Boardroom
The only listed sugar cane growing and processing company on the Lusaka Securities and Exchange has announced the retirement of its first ever woman Chief Executive Officer of the Zambia outfit, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Zambia Sugar PLC […]

Zambia Sugar PlcMay 21, 2021

Zambia Sugar expects improved performance at half year 2021
Zambia Sugar has reported that it expects a better earnings when it publishes its half year results, according to a statement from the company. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambia Sugar PLC (“the Company”) hereby advises the Shareholders of the Company that the Earnings per […]

Agriculture, Zambia Sugar PlcMay 16, 2021

Zambia Sugar announces the appointment of Harriet ‘KK’ as Company Secretary
Zambia’s only listed sugar manufacturing company has announced the appointment of Harriet K Katongo as its new Company Secretary after the position fell vacant on 30th September 2020. “In accordance with Section 3.59(a) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”), the Board of Directors (“the Board”) of Zambia Sugar PLC (“ZSUG” or […]

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, 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

AN ANALYSIS OF ZAMBIA SUGAR FINANCIAL YEAR ENDED AUGUST 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

ZAMBIA SUGAR COMMENTARY FOR THE FULL YEAR ENDED 31 AUGUST 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 […]

Agriculture, Zambia Sugar PlcJune 1, 2020

Graham Rolfe signs out of Sugar Company
Zambia Sugar Plc has announced the resignation of one of its long servicing members of the board, according to a statement from the Company. “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 Mr. Graham Rolfe as an […]