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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Yalelo partners with aquaculture genetics specialist Xelect to develop new, improved tilapia strains

ZAMBIA – FirstWave Group, the parent company of Yalelo, one of the leading fisheries business in Africa with operations Zambia and Uganda, has partnered with Xelect, specialists in aquaculture genetics and breeding programmes, to develop local high-performance tilapia breeds. The breeding program according to Africa business communities, will focus on Nile tilapia to feed FirstWave’s subsidiaries operating in the pristine open waters of Lake Kariba and Lake Victoria. “We are excited to partner with Xelect as they apply their global expertise and cutting-edge, data-driven tools to our local husbandry practices…

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Zambian agro-processing company sets aside US$23m to invest in food additives processing

ZAMBIA – Zambian agro-processing company Chenguang Biotech Zambia Agri-Dev Limited is seeking to invest US$23 million to cultivate, harvest and process paprika, marigold and stevia. The project, according to reports by Daily Mail Zambia will be undertake on 4,000 hectares of land in Chibombo, Central Province. The company has submitted an environmental impact statement (EIS) report to the Zambia Environmental Management Agency (ZEMA), awaiting approval to kick start the project. Chenguang Biotech (Zambia) Agri-Dev Limited is a subsidiary of the Chenguang Biotech Group Co. Limited based in China (“CCGB”). The…

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Trade Kings commissions new milk processing facility, expands dairy portfolio with launch of Dairy Gold fresh milk

ZAMBIA – Trade Kings Group, Zambia’s leading manufacturer of Fast-Moving Consumer Goods (FMCG) has commissioned a new milk processing plant at its subsidiary, Dairy Gold Limited. According to the company, the new factory will produce a full cream fresh milk product under the brand name Dairy Gold, drawing its strength from the corporate identity which has been long known for producing dairy and traditional drinks commonly known as ‘Maheu’. Speaking during the launch, General Manager for the Trade Kings Group, Mr Lux Subramaniam said, “We have launched the new processing…

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Zambian Breweries re-embarks on its US$18m planned upgrade capacity aimed to boost production

ZAMBIA – Zambian Breweries has indicated that it has resumed its 2020 upgrade works which will be finalized by early next year. According to the company, the planned projects worth US$18m were scheduled to be complete before the end of the year but was met with setbacks arising from the COVID-19 pandemic. The subsidiary of AB InBev has highlighted that the investment will increase its production capacity by 30%, meeting the current supply shortage of beer that has been witnessed in the market leading to price volatility. “In the eyes…

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Agriculture machinery firm AGCO renames it’s Zambia Future Farm

ZAMBIA – AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and solutions, has renamed it’s Zambia Future Farm to Martin Richenhagen Future Farm in honour of its long-tenured chairman, president and CEO who is set to retire in December 31 this year. “Mr. Richenhagen has staked his legacy on the continent of Africa, from investing in our parts warehouse facilities, opening our headquarters in Johannesburg, launching our Future Farm concept, introducing the Farm in a Box, and creating the AGCO Agribusiness Qualification initiative,” said…

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Zambeef reports US$1.4m loss before tax despite rise in revenue

ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has reported a rise in revenue by 23.6% in Kwacha terms and a 5.8% decline in US dollar terms in the full year period ended 30 September 2020, to ZMW3.9 billion (US$239.6 million). The company earned gross profit of ZMW1.22 billion (US$75.2 million) which was up in Kwacha terms by 12.4% but down by 14.4% in US dollar terms. According to the LSE listed company, the revenue and profit growth was achieved in the face of a challenging…

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