Fully integrated cold chain foods and retail business ZAMBEEF has announced it expects better than market forecast revenue, according to a statement from the Company. “The Group announces that for the full year ending 30 September 2022, revenue (reported in USD) is expected to be 10% above current market expectations, with EBITDA, EBIT and adjusted […]
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZAFFICO PLC is pleased to announce the appointment of Mr. Mundia Mundia to its Board of Directors. Mr. Mundia will serve as Managing Director effective 14th March, 2022. Mr. Mundia is a senior executive with over 20 years’ […]
Towards the end of Q4 2021, Zambia’s investment house announced the appointment of seasoned Banker and Investment Professional Dolika Banda as its new Board Chairperson, according to statement from ZCCM IH. In a statement issued by the Head of Corporate Affairs Loisa Mbatha on 15th December 2021, ZCCM-IH’s new Board Chair is an investment and […]
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 […]
Zambeef Products Plc
