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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Zambeef appoints Mathew Ngosa as general manager poultry division

ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef has appointed Mathews Ngosa as the company’s new general manager of its poultry division, Zamhatch. Mr Ngosa with over 29 years of experience as an animal scientist, started his career as poultry manager at Hybrid ltd. Afterwards he joined ZCCM Nchanga farms and worked at a few other farms in various managerial roles. His expertise was recognised by his peers, who appointed him chief executive officer of the Poultry Association of Zambia. Mr Ngosa complemented his on-the-ground career experience…

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Zambeef harvests 6,000 metric tonnes of winter maize in Zambia

ZAMBIA – Zambeef, Zambia’s leading agribusiness company realized 6,000 metric tonnes of Winter maize, harvested in Sinazongwe district South of Zambia, aimed at easing the shortage of maize and maize mealie in the country caused by severe drought. According to Zambeef all the 6,000 metric tonnes of winter maize produced will be milled by the company and sold within the district to cushion the mealie meal shortage and stabilise the sky-rocketing prices of the commodity. ‘’The maize we are harvesting was planted in April and the budgeted yield is 10…

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Zambeef Products to Sell Sinazongwe Farm for US$10m

ZAMBIA – Zambeef, one of the largest integrated cold chain food producers with operations in Zambia, Nigeria and Ghana has entered into a binding Sale and Purchase Agreement (“SPA”) with Chenguang Biotech (Zambia) Agri-Dev Limited for the sale of Zambeef’s Sinazongwe Farm for a cash consideration of US$10 million. 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…

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Zambeef Products half year revenue decline 4% amid challenging environment

ZAMBIA –Zambeef Products PLC, a food products and agribusiness company, posted a 4% decline in revenues to US$118.8 million for the six months to March 31, 2019 amid a challenging operating environment. Zambeef plunged into a pre-tax loss of US$2.5 million compared to a pre-tax profit of US$2.8 million the year before. The company’s earnings before interest, tax, depreciation, and amortisation (Ebitda) margin – a measure of a company’s operating performance- also declined to 5.8% from 10% a year before, leading to a 46% fall to US$6.8 million. However Zambeef…

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Zambeef opens northern region distribution centre to improve efficiencies

ZAMBIA – Zambeef Products Plc, an integrated cold chain food products and agribusiness company in Zambia, has opened a new distribution and processing centre to serve the northern regions of the country. The newly established Kitwe Processing Plant operation is set to improve the company’s efficiencies and expand the food retailer’s operations and logistics in the Coperbelt and Northern Provinces in the vast country. The new facility will add to the the food retailer’s operations and logistics from its base at Huntley Farm in Chisamba, which is located in the…

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IDC Zambia launches palm out-grower scheme to boost local capacity

ZAMBIA – Industrial Development Group of Zambia (IDC), which controls the majority stake at ZamPalm Ltd, has launched palm out grower scheme as part company’s ambitions to boost palm oil production capacity in the country. Speaking during the launch of the out-grower scheme, Mr Mateyo Kaluba IDC Group Chief Executive Officer said that the firm has so far invested K2.7 million (US$228 000)to enable the out-grower scheme take-off, with 80 hectares under 137 smallholder farmers. IDC said that the company has planned to invest US$28 million over the next four…

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Zambeef’s Navotek division reports growth in new feed plant’s capacity usage

ZAMBIA – Novatek, the stockfeed division of Zambeef Products, Zambia’s leading agribusiness enterprise, has said that it has seen significant production figures growth at its new Mpongwe animal feed plant. According to Walter Roodt, deputy managing director Zambeef, since the plant commenced operation in 2017, the company has reached a 44.4% production capacity utilisation at its recently opened US$10 million plant following increased demand for feed. it been able to achieve a 44.4% production capacity driven by increased demand of its quality feed products. “We produced 200,846 tons of feed…

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Most outstanding change makers in Africa’s food industry celebrated at Awards ceremony

KENYA – Some of the most important founders, managers, academicians, government and NGO shapers and other change makers in Africa’s food, beverage, milling and hospitality industry were feted at the Africa Food Industry Excellence Awards ceremony that was held on September 14, 2018 in Nairobi, Kenya. Made up of a mix of veterans from across Eastern, Southern and Central Africa, the Awards saw a number of industry leaders receive the coveted Africa Food Industry Champion Award, the highest accolade in the food industry in Africa. This Award, which is similar…

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