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…

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…

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…

Zambeef to expand reach with a new Macro outlet in Kitwe

ZAMBIA - The food products and agribusiness company, Zambeef Plc is opening another of its popular Macro outlets in Wusakile, Kitwe as it expands its offerings on the Copperbelt. The new store is an addition to about 24 macro outlets it has opened across the country, and the company plans to launch more modern convenience…

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…

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…

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…

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…