Zambia Sugar PLC is the largest sugar producer in Zambia with a capacity to produce more than 450,000 metric tons of sugar. The company has interest in growing sugar cane and producing raw sugar as well as specialty sugar products for domestic and export markets. The sugar market is largely private sector driven, highly concentrated […]
Agriculture plays a vital role in Zambia’s economy. According to the policy for monitoring and evaluation (PMRC) up to 70% of the labour force is currently engaged in the agriculture sector. It is estimated that approximately 1.6 million small-scale farms and about 1,000 large-scale farms characterize the sector. A large majority of individuals in the […]
Lusaka Securities and Exchange listed sugar processing company, Zambia Sugar Plc, has advised shareholders that has recorded a record performance for the financial year ended 2021. The Company has recorded a number of achievements including winning Illovo Group Awards for the Best Factory Performance at the Nakambala Factory, Best Safety award, Best Financial Management […]
Government-backed stimulus package helps set the country’s largest retailer on growth trajectory LUSAKA, ZAMBIA – Zambeef Products Plc is set to clear a significant slice of its external debt with the aid of a K220 million government-backed COVID-19 stimulus package signed with Absa Bank Zambia PLC today. The drawdown will enable the retailing and agribusiness giant […]
At a gala dinner hosted by incoming Zambia Sugar CEO, Oswald Magwenzi along with many Zambian captains of industry bade farewell to Rebecca Katowa in style at Lusaka’s glitzy Neelkanth Sarovar Premiere Hotel on 23th October 2021. Rebecca is the first female country director of Zambia Sugar a subsidiary of Illovo Sugar Africa. Rebecca […]
With over 60% of Zambians deriving their livelihood from agriculture, the UPND unveiled it as the chief pilot of their agenda in a quest toward growth and poverty reduction. With dilapidated agricultural support, inadequate extension service, natural disasters, droughts, floods, lack of finance and lack of agro- industries as some of the reasons the sector […]
Chief Executive Officer at Zambia’s only timber growing and processing listed company has resigned after 16 months of holding both executive and board positions, according to a statement from ZAFFICO. “In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZAFFICO PLC wishes to inform shareholders that Mr. Kangwa David Bwalya […]
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 […]
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 […]
Zambeef’s Non-executive Director Frank Braeken has sold his ordinary shares in Zambeef Plc, according to a statement from the company. “In accordance with Section 3.63 (a)(i) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”) Zambeef Products Plc (“Zambeef” or “the Company”), (AIM: ZAM), wishes to announce that Mr. Frank Braeken, Non-Executive Director, sold,
Agriculture
