Oikocredit exits its investment in Zambian fish farm Yalelo

ZAMBIA – Dutch headquartered social impact investor Oikocredit has exited its investment in Zambian fish farm, Yalelo Limited. Oikocredit has invested in Yalelo since 2014, supporting its growth from under 2,000 tonnes of annual tilapia […]

Africa Milling Limited opens new maize milling facility in Zambia

ZAMBIA – African Milling Limited, one of Zambia’s largest integrated wheat and maize flour milling operations, commissioned its newly installed maize mill with a capacity of 336T/24H and 50,000T storage. The official opening of the […]

UK-based AgDevCo invests in Zambia’s leading eggs supplier Goldenlay

ZAMBIA – AgDevCo, the UK-based social impact investor has expanded its agri investment portfolio in Zambia with a multi-million USD debt investment in Goldenlay, the market leader in table eggs in the country. Established in […]

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 […]

Finnfund boosts Zambia’s Yalelo Aquaculture with the first direct investment

ZAMBIA – Finnfund, Finnish development financier will support the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a US$6 million equity investment. Yalelo produces 12,000 tons of tilapia annually. With the […]

Zambian Breweries’ cassava project goes to the root of economic diversification

ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev is championing commercialization of cassava through its flagship cassava project. Through the project the brewer is adding value for small-scale farmers, ensuring economic diversification, job […]

National Milling Corporation opens US$37.5m milling plant in Zambia

ZAMBIA – The National Milling Corporation, an affiliate of American agribusiness and transport conglomerate, Seaboard Corporation has commissioned a new US$37.5million milling plant Lusaka, Zambia. Installed by the Swiss milling equipment supplier, Buhler, the ultra-modern […]

Simbisa Brands full year profits increases 134% amid economic hardships

ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]