Zambian Breweries launches next phase of US$30m expansion

ZAMBIA - The Lusaka Stock Exchange (LSE) listed brewing and beverage company, Zambian Breweries Plc has said that it had launched the latest phase of its US$30 million expansion project in Ndola, in addition to commissioning of a new packaging line. According to an article by IOL Business, the new phase was officially opened by…

Botswana turns to South Africa and Zambia for maize imports

BOTSWANA - Botswana continues to import 170,000 metric tonnes of maize annually as it has always run out of corn due to insufficient local production, according to an article by AllAfrica. Speaking in an interview, Botswana Agricultural Marketing Board (BAMB) chief executive officer, Mr Leonard Morakaladi noted that on annual basis the country needed 190…

Zambeef opens new macro store to expand customer reach

ZAMBIA - Zambeef, one of the largest beef producers in Zambia has added a new Heroes Macro store to its chain of stores in the capital Lusaka as it strengthens its competence in international standards in the local food retailing industry. According to the company, the expansion was in pursuit of providing customers with quality…

Zambeef’s joint executive Tim Pollock resigns

ZAMBIA - Zambeef, Zambia’s food producer and retailer has announced that Tim Pollock, Joint Chief Executive Officer of the Company resigned from the company effective 31st May 2018. The company said Mr. Pollock had left Zambeef for personal reasons and that he will be returning to the United Kingdom to focus on the development of…

Zambeef reports 6% growth in revenues driven by macro-store demand

ZAMBIA - Zambeef Products Ltd has reported 6% growth in revenue driven by increasing volumes and improving margins in the core divisions namely Retail & Cold Chain Food Products, and Stockfeed for the first half of the financial year ended 31 March 2018. Profit after tax increased more than three-fold to US$2.25 million as compared…

Registration starts for AFMASS Southern Africa 2018 edition in Zambia

ZAMBIA– The organisers of the Africa Food Manufacturing (AFMASS) Conference & Expo Southern Africa edition have announced that bookings for the southern Africa edition of the event set for in Lusaka, Zambia in October this year, is underway. The event, which will the first food industry conference and expo focused on the food, beverage and…

Zambia’s 2018 maize output to fall 34% on account of drought

ZAMBIA - Zambia’s maize production for 2017/18 will fall 34% to 2.39 million metric tonnes as compared to the previous year largely impacted by drought, according to Agriculture Minister Michael Katambo who based the report on a government survey. According to the minister, farmland under corn fell to 1.39 million hectares from 1.64 million hectares…

Zambeef completes majority stake sale of Zampalm to IDC

ZAMBIA - Zambeef Products Plc has announced that it has completed the sale of its majority stake in its wholly owned subsidiary and oil producer, Zampalm Ltd to the Industrial Development Corporation of Zambia Limited (IDC) for US$16 million in cash. Zampalm Ltd was incorporated in 2009, has some 409,506 palms planted on its plantation, supplies…

Global Industries Limited invests an additional US$20m in a soya bean plant

ZAMBIA - Global Industries Limited (GIL) has invested US$20 million in a soya bean processing plant to double edible oil production capacity to 100, 000 tonnes a day. The latest financing into the state-of-the-art soya bean processing machinery is an addition to the US$14 million investment made in 2016. GIL chief executive officer Malolan Sampath…

Zambian authorities shut down restaurants over disease scare

ZAMBIA — Zambia has shut three of South African retailer Shoprite’s Hungry Lion fast-food restaurants after their food tested positive for the bacterium that causes cholera, a government minister said yesterday. Zambia is struggling to contain an outbreak of the disease, which has killed 51 people and made more than 2 000 others sick in…