Zambeef Products PLC (LSE: ZAMB), headquartered in Lusaka, engages in the production, processing, distribution, and retail of beef, chicken, eggs, milk, and dairy products in Zambia.  Its cropping operations comprise 2,700 hectares under irrigation and a further 1,500 hectares of dry land crops.  The company, through its subsidiary, Zamleather Limited, also involves in the tanning of hides for export to the Far East and Europe, as well as the production of finished leather, shoes, and industrial footwear.  It operates 82 retail outlets that sell meat, chicken, milk, eggs, and processed meat in Zambia; in-store butcheries in Shoprite supermarkets; and fast food outlets, selling fried chicken and chips. In addition, the company provides transportation services through a fleet of approximately 200 trucks; and operates as a franchise on Shoprite Checkers butcheries. 

Recently, the Times of Zambia reported that the firm will spend USD $30 million on expansion of existing projects and the initiation of new business activities in 2009, and moreover that it had recorded a turnover of K493 billion, representing an increase of 69% in Kwacha terms compared to the 2007 turnover:

Chairman Jacob Mwanza stated in the company’s 2008 annual report released to shareholders at the Zambeef annual general meeting (AGM) held at Pamodzi Hotel in Lusaka that among the upcoming projects was the establishment of a new modern stock feed plant. Dr. Mwanza stated that the group would also set up a new poultry hatchery, establish ranching operations, expand its piggery and pork processing operations, and establish the first 3,500 hectares of the planned 20,000 hectare palm plantation in Mpika. He also said that the group had continued to diversify its business in line with its diversification strategy and significant reinvestment policy, which had helped reduce the volatility of its earnings while improving the quality of earnings.

During the financial year ending on September 30, 2008, Zambeef Products Group invested in excess of K289 billion in developing, expanding and diversifying the businesses under its belt. Dr. Mwanza said that the major revenue source during the year under review was the issuance of 44 million new ordinary shares in the group, which helped to the company raise K259 billion. “This has resulted in a very well capitalised and diversified agribusiness, which is well placed to benefit from the strong real growth not only in Zambia but in the region,” he stated.

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