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 […]
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,
The only listed Agribusiness company on the Lusaka Securities and Exchange has announced a change in voting rights for one of its shareholders, according to a published statement from Zambeef Plc. According to a “CHANGE IN VOTING RIGHTS” SENS announcement issued by Company Secretary Mwansa Mutimushi, London UK based M&G Plc had its voting rights […]
When listed food processing company ZAMBEEF reports its 2021 full year financial results in Q3 2021, it expects a performance that is in the range of 20% to 30%, according to a SENS statement issued by the company. “The Group announces that for the year ending 30 September 2021, revenue (reported in USD) is expected […]
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 […]
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 […]
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 […]
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 […]
Zambeef the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, is pleased to provide the following update on its trading. The Group announces that, based on work undertaken to date, it expects to report, for the year ended 30 September 2020, audited dollar-denominated revenue and EBITDA that are […]
CHISAMBA, ZAMBIA – Growing consumer confidence in local products has been welcomed by Zambeef Products as the retailing and agribusiness giant hosted Minister of Commerce, Trade and Industry Hon. Christopher Yaluma at its Chisamba operations. Zambeef Chief Operating Officer Mike Lovett said the company was encouraged by the increased acceptance of local businesses as key drivers […]
Agriculture
