Tag: Zambia

Zambeef offers lucrative prices to Zambian pig farmers to boost production, pork supply

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ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has of last year doubled the price it pays local pig farmers, in a bid to boost home-grown production and encourage more participation in the sector. This is also to keep pace with the continued consumer demand of pork, in the midst of a drop in pig supply due to outbreaks of swine fever. The sector has also been wallowing in the impacts of the drought experienced in 2019/20, which has pushed feed ingredient prices up and the…

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Yalelo Zambia welcomes new boss Ulric Daniel to steer company into future growth

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ZAMBIA – FirstWave Group, Africa’s leading vertically integrated aquaculture firm, has announced the appointment of Ulric Daniel as the company’s Country Director in Zambia. FirstWave, specializes in tilapia production, distribution, and retail through its flagship company Yalelo Zambia and recently inaugurated Yalelo Uganda. It also undertakes feed production through Aller Aqua Zambia. With the appointment, Ulric Daniel will oversee FirstWave’s feed and fish production value chain activities in Zambia through Yalelo Zambia and JV Aller Aqua Zambia. He takes over the leadership from Bryan McCoy, who has handed over the…

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Zambia seeks to partner with potential investors in establishment of mango, tomato, cashew nut processing plants

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ZAMBIA – The Zambia Development Agency (ZDA) has intensified its investment promotion efforts by raising a call for potential investors to take part in the establishment of a cashew nut processing facility worth US$5 million. The modern processing plant, to be located at Chilanga area in Lusaka, is set to produce cashew kernels for the domestic, regional and international markets. According to ZDA, the project will take advantage of the abundance of cashew nuts in Zambia, capitalise on availability of affordable and trainable labour force and benefit from the existence…

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Zambia fosters public-private partnership in actualization of US$5m tomato processing project

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ZAMBIA – The Government of Zambia is seeking to establish a modern tomato processing project worth US$5 million, to be undertaken through a Special Purpose Vehicle that will be wholly owned by private investors. To this end, the government has made a call to the private investors in the country to take part in the initiative, in a bid to meet the local demand of tomato paste in the country and tap into the export market. According to the Zambia Development Agency (ZDA), the investment will be in the form…

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Shoprite banks on growth of Zambian market opens 40th outlet

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ZAMBIA – Shoprite, Africa’s leading retailer is continuing to expand its footprints outside its traditional market South Africa, opening its 40th outlet in Zambia. Located at the Jacaranda Mall in Ndola, the new branch promises to continue with its legacy of low prices, offering a variety of products, in addition to sourcing 90% of its goods and services locally. Unlike its other operations outside South Africa, which have been impacted by currency devaluations, supply issues and low consumer spending, Shoprite Zambia has been showcasing stellar performance with sales increasing by…

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AfDB promotes food security, COVID-19 recovery in Zambia with US$1.4m grant

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ZAMBIA – Zambia has received a US$1.4 million grant from African Development Bank’s Global Agriculture and Food Security Program, to fund the Mitigating Impacts of Covid-19 on Household Food Security Project in the country. The Global Agriculture and Food Security Program was established as a response to the 2008/09 world food price crisis, following a commitment by the Group of 8 nations (G8) in September 2009 to mobilize up to US$20 billion for agricultural development and food security. The World Bank supervises about half of the project portfolio of the…

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Zambeef Products registers impressive bottom-line performance driven by poultry, retail division

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ZAMBIA – Zambeef Products Plc, the integrated cold chain foods and retail business with operations in Zambia has reported a strong start of the financial year 2021, reporting 20% rise in revenue in Kwacha terms, in the half year period ended March 2021. The group’s revenue was ZMW2.150 billion a rise from the previous year’s ZMW1.79 billion. However, in terms of the US dollars, the company’s earning was down by 21% from US$129.2 million to US$102.5 million. The performance in US$ was adversely impacted by the steady depreciation of the…

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Zambia, World Bank boost cashew nut production with launch of US$32.8m project

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ZAMBIA – Zambia has partnered with the World Bank to undertake a US$32.8m cashew nut plantation initiative in the Easter Province of the South African country. The Zambia Integrated Forest Landscape Project (ZIFLP) aims to provide support to rural farmers, as well as to allow them to better manage the resources of their landscapes. The project’s focus is to reduce deforestation and unsustainable agricultural expansion, and enhances the benefits received from forestry and agriculture, in the quest to combat climate change. Once fully operational, ZIFLP will transform the economic statuses…

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Zambia’s agriculture industry gets US$80m boost from Chinese firm Zhong Yang Eco-Agriculture Industry Park

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ZAMBIA – Chinese firm, Zhong Yang Eco-Agriculture Industry Park, has signed a US$80 million Investment Promotion and Protection Agreement (IPPA) with the Zambia Development Agency (ZDA), aimed at enhancing investment cooperation between the two parties. The agricultural firm’s focus is in commercial seed production, animal husbandry, and fish farming. ZDA board chairperson David Masupa noted that the US$80 million five-year planned investment in the agriculture sector, will go a long way in contributing to the country’s Gross Domestic Product (GDP), reports Lusaka Times. He assured Zhong yang Eco-Agriculture industry park…

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Zambian palm oil processor Zampalm increases local production while regulatory body ZABS supports cashew farmers

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ZAMBIA – Zampalm, subsidiary of Zambia’s national development finance institution, the Industrial Development Corporation (IDC), is seeking to boost production of crude palm oil in the country, by on-boarding 1,000 beneficiaries into its out-grower scheme. The oil palm out grower scheme, was commissioned in 2019 by President Edgar Chagwa Lungu, to increase domestic production of palm oil and its by- products, in a bid to meet the rising local demand. According to Zampalm General Manager, David Subakanya, the processor targets to cultivate over 5,000 hectares by 2025 through the out-grower…

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