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 his agricultural investment business, AgCap Limited. Consequently, Francis Grogan, currently Joint Chief Executive Officer became the sole Chief Executive Officer at the company effective 1 June 2018. Grogan is a co-founder of the business which…

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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$2.25 million as compared to US$ 510,705.16 reported for the same period the previous year. Given improved economic conditions and increased demand in macro stores, the company grew its business during the period as the past two years were…

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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 edible oil to industry players and provides oil palm plantation services. Zambeef entered a share sale agreement with IDC for the sale of 90% shareholding in Zampalm for US$16 million, with Zambeef entitled to up…

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Zambeef appoints new general manager for oil palms scheme

ZAMBIA – Zambeef has welcomed Nelson Basaalidde as new general manager for Zampalm Limited’s palm oil plantation scheme that seeks to improve smallholder capabilities. The Zampalm out-grower scheme is collaboration between Zambeef Products and small-scale farmers in order to develop full potential of the 20,000-hectare plantation. Zambeef says the project has the potential to substitute 70,000 tonnes of cooking oil imported into the country thus help in saving US$70-100 million in foreign exchange. Nelson joins Zampalm, Zambeef Products division with expertise and experience in providing farmers with seedlings, training and…

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Zambeef’s CEO and co-founder Carl Irwin retires

ZAMBIA – Carl Irwin, the joint CEO and co-founder of Zambian agribusiness enterprise Zambeef has retired at end of March after building the company into a ‘multi-national conglomerate’ together with other founders. Carl Irwin is said to have served 23 years of leadership at one of the leading food retailers in Zambia and South Africa. He has greatly contributed to the growth of the company, the largest vertically integrated food retailing brand in Zambia. He played a critical role in growing the company, which began in in 1994 as a single butchery. Zambeef…

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Zambeef opens a new outlet to enhance accessibility of meat and dairies

ZAMBIA – Zambeef Products Plc, one of Zambia’s largest producers of beef and other food products including dairy has opened a new macro store, Chalala to enable customers easily access its meat and dairy products. The new Macro outlet adds to the company’s strong retail chain network in Zambia consisting of 78 retail outlets, 19 macro stores, two wholesale stores, three fast food outlets, 17 Novatek outlets and 12 Zamshu outlets. Zambeef noted that it increased its retail footprint in 2017 by 28 per cent, successfully opening ten new Macro…

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Zambeef restructures, joint CEO Carl Irwin to retire early 2018

ZAMBIA – Leading Zambia-based agribusiness and food manufacturer and retailer Zambeef Products has announced that its Joint Chief Executive Officer Dr. Carl Irwin will retire from the business in March 2018, as part of a restructuring exercise of its top executive managers. Dr. Irwin founded Zambeef in 1994 together with Francis Grogan, who will take over the CEO role on a temporary basis. “I have greatly enjoyed my 23 years with Zambeef and my decision to retire has not been an easy one. Earlier this year, I notified the board of…

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Zambeef opens new macro outlet in Northern Zambia

ZAMBIA – Zambeef Retail, which has been opening macro outlets in the country, has opened its latest store in the bustling town of Solwezi, with further 12 outlets planned to roll-out next year. “We are excited about the opening of the new and bigger store as it will allow us to better serve our customers in Solwezi, and by virtue of its central location,” said Zambeef Retailing and Marketing Manager Felix Lupindula. He added that a second Macro next to the Solwezi weighbridge on the Chingola- Solwezi Highway would be…

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