Alliance Ginneries Limited invests US$11m in construction of soybean oil processing plant in Zambia

ZAMBIA – Alliance Ginneries Limited (AGL), a cotton ginning company operating in Southern Africa is seeking to diversify its operation by venturing into soybean oil extraction and refining. The company has commenced construction work for its new processing plant in Lusaka, Zambia to cost US$11m. The invested amount was raised by the company through impact investment. This was revealed by Prospero Zambia, a UKaid-funded private sector development entity, who supported Alliance Ginneries to close the deal. “Prospero is happy to have supported Alliance Ginneries with investment readiness technical assistance to…

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Zambia to commence operations at US$8.8m tropical fruit processing plant

ZAMBIA – The Zambian Industrial Development Corporation (IDC) is set to inaugurate the K160 million (US$8.8m) Katete Tropical Fruit processing plant in May this year. This was revealed by Katete District Commissioner (DC), Joseph Makukula disclosing that the factory’s equipment sourced from India are in transit and will be soon installed in readiness for commencement of operation. Located at the mango-rich region, the facility is aimed to curb wastage of fruits by providing a ready market for farmers, to produce fruit pulp and juices. Once operational, it will create 200…

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Zambia, Angola strengthen trade relations through public-private sector collaboration

ZAMBIA – Zambia and Angola have joined hands to foster trade relations in the agriculture and livestock sector through enhanced private and public sector collaboration. This was agreed upon during the Mini Business Symposium between the two nations aimed at stimulating bilateral trade, which culminated with a visit to Zambia’s largest integrated cold chain foods and retail business, Zambeef. According to reports by Lusaka Star, Angola will tap into livestock products from Zambia which will enable it to reduce importation of the products from Europe and South America. In January,…

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Zambeef Products names new Non-Executive Directors in company’s Board

ZAMBIA – Zambeef Product Plc, the integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, has announced the appointment of Katebe Monica Musonda, Pearson Gowero and Roman Frenkel to the company Board as Non-Executive Directors with immediate effect. The appointees replace Margaret Kunda Chalwe-Mudenda, Professor Enala Lyson Tembo-Mwase and John Rabb, who resigned and stepped down from the decision making and policy formulating committee effective 5th March 2021. Monica Musonda who will be the Chair of the Remuneration Committee, is an accomplished business executive with…

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Indian investor to inject US$1m in establishment of agriculture centered university in Zambia

ZAMBIA – Zambia is set to welcome a specialised agriculture university, to be constructed by the Director of an Indian company Banyan Impex Private Limited, J.M. Patel. This was revealed by Zambia’s High Commissioner to India, Judith Kapijimpanga who indicated the institution will be built at an initial cost of US$1 million. According to reports by Lusaka Times, Mr. Patel is scheduled to travel to Zambia on March 15, 2021 with a view of starting the registration process of the investment. The planned institution will join Texila American University Lusaka,…

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Zambeef donates protective gears to Zambian schools, ensuring safety of learners, teachers

ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef has issued its support to Zambia’s education sector by donating hand washing stations, hand sanitisers, temperature guns and facemasks to a number of schools, to aid their efforts of fighting the spread of COVID-19. Beneficiaries include Mupama Pamo Primary, Liteta Primary and Mwayasunka Secondary School, as well as the Zambeef-sponsored Nampamba Private School in Mpongwe. The donations are timely as they will ensure the safety of learners and teachers as they start the 2021 academic year, giving them a…

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Trade Kings Groups expands product portfolio with launch of protein-rich energy shake

Company name: Trade Kings Group Product type: Energy shake, Mineral water Innovation: New product Trade Kings Group, Zambia’s leading manufacturer of Fast-Moving Consumer Goods has launched a new protein-rich energy shake dubbed Nutro Charge. It is produced by its subsidiary, Dairy Gold Limited and comes months after the company debut its full cream fresh milk product, Dairy Gold Milk. According to the company, Nutro Charge is fortified with 25 minerals & vitamins, and is designed to give the body the additional drive it needs to get through the day. Liked…

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Zambia’s sunflower production rises by 47% while soya bean expected to increase by 6%

ZAMBIA – Zambia’s sunflower production increased by a staggering 47% in the 2019/2020 farming season compared to the 2018/2019 farming season. According to information by the Zambia’s statistics agency, Zamstats, sunflower production increased from 34,208 metric tonnes in the 2018/2019 farming season to 50,451 metric tonnes in the 2019/2020 farming season. Despite the aggressive rise, Zambian Business Times notes that local production still does not meet the national demand. “if local farmers are given the market information at the right time, they will be able to make good decisions concerning…

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Agribusiness company JR Farms builds livestock feed processing plant in Zambia

ZAMBIA – JR Farms Limited, an agribusiness venture undertaking food processing, agro-commodity trading and agro-consultancy in Africa has injected about US$500, 000 in the establishment of a stock feed-processing plant in Zambia. The facility which is expected to be operational in the first quarter of this year, will focus on producing affordable livestock feed for poultry, cattle and goats among others. It will have a processing capacity of 20 tonnes per hour and avail 600 direct and indirect jobs for the local people in Makeni, Lusaka, reports Daily Mail Zambia.…

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Samona Zambia Limited sets up agribusiness venture with US$500k investment

ZAMBIA – Samona Zambia Limited, is seeking to invest US$500,000 in the development of a farming estate in North-Western province of Zambia. The proposed project site, according to Daily Mail Zambia measures 2,739.1584 hectares and will be utilized to grow wheat and barley with annual production of 500 tonnes each. Other crops and fruits to be produced will include maize and avocado with annual production of 1,000 tonnes each, 900 tonnes of stevia and 400 tonnes of soya beans. The investment aimed to bolster the agriculture industry of Zambia comes…

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