Zambeef Products Explained

Zambeef
Location:Lusaka, Zambia
Key People:Faith Mukutu (CEO)
Num Employees:5,000+
Industry:Food, clothing
Products:Meat, dairy, eggs, animal feed, leather

According to its website, Zambeef is the largest beef producer in Zambia.[1] The company also provides feedlot services, and manufactures milk, chicken, eggs, leather and shoes. The company operates a fast food restaurant chain and a trucking company, including a fleet of refrigerated trucks. Zambeef grows crops, including wheat, maize, lucerne and soybeans, produces feed, and operates feed processing plants.[2] Its subsidiaries include Master Meats Production Company, of Nigeria.[3] The company's export business is active, especially throughout southern Africa.

Zambeef also has a concessionary agreement with Shoprite to run all their butcheries.

Zambeef claims to have a good Corporate social responsibility programme, since 2007 it has supported the African football social enterprise Alive & Kicking, giving it space on its Zamleather site as well as start up contributions.[4]

Zambeef is listed on the Lusaka Stock Exchange with a market capitalisation of over US$70 million.[5]

In July 2022, Zambeef signed a ZMW 570.0 million (US$35.0 million) debt facility with the International Finance Corporation (“IFC”) to partially fund its Mpongwe Farm expansion of US$ 100.0 million that the company announced in June 2022.[6]

Operations

Data
Zambeef:

Brands
Zambeef brands include:

External links

Notes and References

  1. Web site: Home - ZAMBEEF Products PLC. ZAMBEEF Products PLC. en-US. 2017-08-16.
  2. News: Novatek animal feeds - ZAMBEEF Products PLC. 2010-03-11. ZAMBEEF Products PLC. 2018-01-13. en-US.
  3. http://www.zambeefplc.com/who-we-are/ Geographical Representation
  4. Web site: Alive & Kicking partners.
  5. Web site: LuSE. www.luse.co.zm. 2017-08-16.
  6. Web site: luse . 18 July 2022 . SENS-Announcement-Zambeef-IFC-Funding . https://web.archive.org/web/20220719073816/https://luse.co.zm/wp-content/uploads/2022/07/SENS-Announcement-Zambeef-IFC-Funding-18.07.2022.pdf . 2022-07-19 . 19 July 2022 . luse.co.zm.