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

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

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

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

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%

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

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

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

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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Zambeef reports growth in annual profits despite prevailing economic hardships

ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef reported a rise in full-year profit despite variations in the Kwacha contributing to a mixed revenue picture in what the food producer described as a “challenging year.” In the year ended September 30, revenue was up 13% to ZMW3.13 billion from ZMW2.78 billion last year. In dollar terms, revenue declined by 9.2% year-on-year to US$254.5 million from US$280.3 million. Zambeef said: “The weakening of the Zambian Kwacha against the USD by approximately 24%, increase in the cost of fuel…

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Zambeef celebrates major growth milestone during its 25th anniversary

ZAMBIA – Zambeef Products Plc, the largest integrated cold chain food products and agribusiness company in Zambia kicks off its silver jubilee celebration as it marks its 25th anniversary of operation since 1994. Over the last 25 years Zambeef has grown from a small butchery in Kabwata to becoming the most successful cold chain food processing and retailing in the region. The food processing giant is involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and…

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