Tag: Zambeef Products PLC

Zambeef offers lucrative prices to Zambian pig farmers to boost production, pork supply

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ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has of last year doubled the price it pays local pig farmers, in a bid to boost home-grown production and encourage more participation in the sector. This is also to keep pace with the continued consumer demand of pork, in the midst of a drop in pig supply due to outbreaks of swine fever. The sector has also been wallowing in the impacts of the drought experienced in 2019/20, which has pushed feed ingredient prices up and the…

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Zambeef Products registers impressive bottom-line performance driven by poultry, retail division

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ZAMBIA – Zambeef Products Plc, the integrated cold chain foods and retail business with operations in Zambia has reported a strong start of the financial year 2021, reporting 20% rise in revenue in Kwacha terms, in the half year period ended March 2021. The group’s revenue was ZMW2.150 billion a rise from the previous year’s ZMW1.79 billion. However, in terms of the US dollars, the company’s earning was down by 21% from US$129.2 million to US$102.5 million. The performance in US$ was adversely impacted by the steady depreciation of the…

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Zambia, Angola strengthen trade relations through public-private sector collaboration

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ZAMBIA – Zambia and Angola have joined hands to foster trade relations in the agriculture and livestock sector through enhanced private and public sector collaboration. This was agreed upon during the Mini Business Symposium between the two nations aimed at stimulating bilateral trade, which culminated with a visit to Zambia’s largest integrated cold chain foods and retail business, Zambeef. According to reports by Lusaka Star, Angola will tap into livestock products from Zambia which will enable it to reduce importation of the products from Europe and South America. In January,…

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Zambeef Products names new Non-Executive Directors in company’s Board

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ZAMBIA – Zambeef Product Plc, the integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, has announced the appointment of Katebe Monica Musonda, Pearson Gowero and Roman Frenkel to the company Board as Non-Executive Directors with immediate effect. The appointees replace Margaret Kunda Chalwe-Mudenda, Professor Enala Lyson Tembo-Mwase and John Rabb, who resigned and stepped down from the decision making and policy formulating committee effective 5th March 2021. Monica Musonda who will be the Chair of the Remuneration Committee, is an accomplished business executive with…

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Zambeef donates protective gears to Zambian schools, ensuring safety of learners, teachers

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ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef has issued its support to Zambia’s education sector by donating hand washing stations, hand sanitisers, temperature guns and facemasks to a number of schools, to aid their efforts of fighting the spread of COVID-19. Beneficiaries include Mupama Pamo Primary, Liteta Primary and Mwayasunka Secondary School, as well as the Zambeef-sponsored Nampamba Private School in Mpongwe. The donations are timely as they will ensure the safety of learners and teachers as they start the 2021 academic year, giving them a…

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Zambeef reports US$1.4m loss before tax despite rise in revenue

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ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has reported a rise in revenue by 23.6% in Kwacha terms and a 5.8% decline in US dollar terms in the full year period ended 30 September 2020, to ZMW3.9 billion (US$239.6 million). The company earned gross profit of ZMW1.22 billion (US$75.2 million) which was up in Kwacha terms by 12.4% but down by 14.4% in US dollar terms. According to the LSE listed company, the revenue and profit growth was achieved in the face of a challenging…

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Zambeef supports government proposal on increasing import duties of meat products to 40%

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ZAMBIA – The government of Zambia in seeking to stimulate economic activity and growth in the agriculture industry has set out a raft of proposal on the 2021 budget plan such as increasing import tax on all meat products. This was revealed by Finance Minister Dr Bwalya Ng’andu during the 2021 budget presentation in Parliament. “Import duties are just the first step towards fully tapping into the potential of Zambia in feeding itself and the region.” Zambeef Chief Executive Officer – Walter Roodt. He stated that the government would increase…

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Zambeef reports rise in half year revenue despite economic headwinds

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ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef has reported a rise in revenue by 27% in Kwacha terms and 9% in dollar terms in the half year period ended 31 March 2020, to ZMW 1,798 million (US$129.2 million) from ZMW 1,416.5 million (US$118.8 million) achieved in the same period in 2019. The company earned gross profit of ZMW 626 million (US$45.0 million) which was up in Kwacha terms by 33% and in dollar terms by 14% from the previous half-year period. According to the company, the…

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Zambeef donates hygiene and protective gears to scale up the fight against COVID-19

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ZAMBIA – Zambeef Products Plc, the largest integrated cold chain food products and agribusiness company in Zambia, has donated hygiene stations, bulk hand sanitizer, thermometers and masks to Chisamba, Chibombo and Lusaka councils, scaling up its COVID-19 support. Reaffirming its commitment to the fight against the pandemic and ensuring its operations align with government’s mitigation measures; the donations included three 210-litre drums of hand sanitiser, three infrared thermometers and 600 masks. The donated items, which are part of an earlier pledge to the Disaster Management and Mitigation Unit (DMMU), will…

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Zambeef completes sale of Sinazongwe Farm for US$10m to Chenguang Biotech

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ZAMBIA – Zambeef, one of the largest integrated cold chain food producers in Zambia with operations in Nigeria and Ghana has disposed off its Sinazongwe farm at a cost of US$10 million to Chenguang Biotech (Zambia) Agri-Dev Limited. Chenguang Biotech (Zambia) Agri-Dev Limited is a subsidiary of the Chenguang Biotech Group Co. Limited based in China (“CCGB”). The Chenguang Group is one of the world’s leading producers and suppliers of natural plant extraction for paprika oleoresin, capsicum oleoresin and marigold oleoresin. They also manufacture natural pigments, natural spice extracts, essential oils, natural nutrient…

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