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…

Global Industries Limited invests an additional US$20m in a soya bean plant

ZAMBIA - Global Industries Limited (GIL) has invested US$20 million in a soya bean processing plant to double edible oil production capacity to 100, 000 tonnes a day. The latest financing into the state-of-the-art soya bean processing machinery is an addition to the US$14 million investment made in 2016. GIL chief executive officer Malolan Sampath…

Zambian authorities shut down restaurants over disease scare

ZAMBIA — Zambia has shut three of South African retailer Shoprite’s Hungry Lion fast-food restaurants after their food tested positive for the bacterium that causes cholera, a government minister said yesterday. Zambia is struggling to contain an outbreak of the disease, which has killed 51 people and made more than 2 000 others sick in…

Sign up to speak at Africa’s leading food industry conferences 

AFRICA - The Africa Food Manufacturing & Safety Summit (AFMASS) Conferences & Exhibitions are seeking thought leaders to speak at the 2018 editions of the event to be held in Kenya and Zambia. AFMASS, which will celebrate 4 years in 2018, started as a small food safety conference in 2015, has grown to be a respected…

Zambian Breweries more than doubles capacity at Ndola brewery

ZAMBIA - The Zambian Breweries Ndola plant has increased the production of its beverages by one million hecto liters following the investment of $30 million dollars. The plant has increased production from 750,000 to 1.75 million hectolitres per annum. Head of corporate communications Exekiel Sekele said the company invested $30 million into a new production…

Zambia launches aquaculture development project

ZAMBIA - President Edgar Lungu says government’s determination to proactively promote aquaculture has impressively delivered results by increasing the yields from 12,988 metric tonnes in 2012 to 30,285 metric tonnes in 2016. President Lungu said the growth in aquaculture yields is a pure demonstration that the country is on the right track to boost fish…

Zambia water company to start producing carbonated drinks

ZAMBIA - Three years after investing US$2 million in a mineral water packaging plant in Solwezi, Horn of Africa Bottling and Manufacturing Company is expanding its business to start producing carbonated drinks. A check by ZANIS at Solwezi Spring natural mineral water plant found Horn of Africa making extensions to its buildings. Company Director Negusse Ogbe…

Gaps persist in Zambia’s food fortification system, study suggests

ZAMBIA - A study led by researchers at the Johns Hopkins Bloomberg School of Public Health found that most fortified sugar sold at retail outlets in one Zambian community did not contain the minimum amount of vitamin A required by the government. Only 11 percent of sugar tested met the required minimum concentration of vitamin A.…

AB InBev to sell Zambia Chibuku unit to Delta Corp.

ZAMBIA - Delta Corporation, the Zimbabwe-based associate of Anheuser-Busch (AB) InBev has said that it is finalising a transaction to acquire a controlling stake in National Breweries of Zambia. Delta said in a statement that equity is being acquired from Heinrich’s Syndicate, which is also owned by AB InBev. "The equity is being acquired from…